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A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

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May 17, 2012

IPO of Speciality Restaurants Ltd Opened yesterday to a Poor Response…Seems The Pricing of it’s IPO and at even it’s Restaurants is out of Reach of the Public ! even today the subscription level is barely just over 2%…

Issue Size 9978503 100%  
Cumulative Bid Quantity
223120 2.24%

IPO of Speciality Restaurants Ltd Opened yesterday to a Poor Response…Even on the second day today as at 5 pm the Issue was subscribed just over 2%  from data culled from the BSE and NSE websites as reflected above …The Pricing is in the Band of Rs 146 to Rs 155…Issue closes tomorrow May 18,2012

Interestingly 5 Anchor Investors have committed Rs 26 crores  to subscribe for an aggregate of 1760912 shares at Rs 150 just pre IPO Opening

Expect BRLM Kotak Mahindra Capital Company to announce withdrawal of the issue …till near 7 pm no such announcement has been made…ofcourse unless they have a Plan B and C to get the Issue subscribed by tomorrow

Seems The Pricing of it’s IPO and at it’s Restaurants is out of Reach of the Public !

Update 9.10 pm,May 18,2010

Would you believe this !…till 11 am this morning,the last day of closing, the issue was barely over 5% subscribed and it closed with over 2.5 times oversubscribed !

Issue Size 9978503 100%  
Cumulative Bid Quantity
Bid figures are inclusive of optional bidding quantity
25379560 254.34%

Well Done BRLM !…interesting to see the nature of subscriptions as below that came in in every quota today !

Yet feel the Issue was overpriced….but some Mutual Funds don’t seem to think so !…they have oversubscribed on the last day ….hope everything is above board here and there is no seducing or inducing or same house as BRLM involved !…curious to know how many and which  Mutual Funds subscribed so heavily today today !…

Speciality Restaurants Limited
Last updated on 18/05/2012 06:30 PM
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 4108795 19237280 4.6800
1(a) Foreign Institutional Investors (FIIs) 4343560
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 1290320
1(c) Mutual Funds 12313080
1(d) Others 1290320
2 Non Institutional Investors 1760912 3863000 2.1900
2(a) Corporates 2717720
2(b) Individuals (Other than RIIs) 1145280
2(c) Others 0
3 Retail Individual Investors (RIIs) 4108796 2279280 0.5500
3(a) Cut Off 1998480
3(b) Price Bids 280800
These are control totals 9978503 25379560 2.54

Inspiring ~ How the Human Brain Changes when the Status Changes…Only few remember what life was before and who’s always been there even in the most painful situations

There was a blind girl who hated herself just because she was blind. She hated everyone, except her loving boyfriend. He was always there for her. She said that if she could only see the world, she would marry her boyfriend.

One day, someone donated a pair of eyes to her and then she could see everything, including her boyfriend. Her boyfriend asked her, “now that you can see the world, will you marry me?”

The girl was shocked when she saw that her boyfriend was blind too, and refused to marry him. Her boyfriend walked away in tears, and later wrote a letter to her saying:

“Just take care of my eyes dear.”

This is how human brain changes when the status changed. Only few remember what life was before, and who’s always been there even in the most painful situations.

Life Is A Gift

Today before you think of saying an unkind word–
think of someone who can’t speak.

Before you complain about the taste of your food–
think of someone who has nothing to eat.

Before you complain about your husband or wife–
think of someone who is crying out to God for a companion.

Today before you complain about life–
think of someone who went too early to heaven.

Before you complain about your children–
think of someone who desires children but they’re barren.

Before you argue about your dirty house, someone didn’t clean or sweep–
think of the people who are living in the streets.

Before whining about the distance you drive–
think of someone who walks the same distance with their feet.

And when you are tired and complain about your job–
think of the unemployed, the disabled and those who wished they had your job.

But before you think of pointing the finger or condemning another–
remember that not one of us are without sin and we all answer to one maker.

And when depressing thoughts seem to get you down–
put a smile on your face and thank God you’re alive and still around.

Life is a gift – Live it, Enjoy it, Celebrate it, and Fulfill it.

Rekha sworn in as Rajya Sabha Member……Come On Jaya !….Let it Be !

Rekha sworn in as Rajya Sabha Member……Come On Jaya !….Let it Be !

Jaya has recreated  a ‘Silsila’ ….complained though her party MPs that while Rekha was being sworn in as Rajya Sabha MP,the TV Cameras were focussing on her too !

Jaya,it would be wise to just let it be….if you raise a hue and cry,so will the Media…you know how it loves a controversy and to titillate

Perhaps this may make you laugh ….

With Rekha’s entry, the Rajya Sabha is now promoting Nirma washing powder.

Most would recall, the adline goes, “Hema, Rekha, Jaya aur Sushma; Subki Pasand Nirma” !!! The other three were already in the Rajya Sabha and Lok Sabha!

Here is the ad :

(courtesy a blog reader Anand Sharma)

Cheers !

MCA claims Shah Rukh Khan behaved like a ‘Don’ in Real Life at Wankhede Stadium and has proposed to ban him for Life from it !

Who do we Believe !…Shah Rukh Khan’s Version of what unfolded at Wankhede Stadium last night or that of the Mumbai Cricket Association ( MCA) Officials

Yesterday,Shah Rukh Khan’s Kolkata Knight Riders won their game against Mumbai Indians in a crucial IPL match as we move to decide the four teams that will enter the  playoffs

….but Shah Rukh Khan was not there during the Match…he came in later…and is claimed he behaved like a ‘Don’ in real life !

MCA Version

Shah Rukh Khan tried to enter the Ground with his bodyguards and even an entourage of children after the floodlights had been shut off…and that was when the trouble started…a security guard refused him entry and he began abusing him…the abuse soon extended to MCA and even BCCI Officials who were not even present…even Cabinet Minister,Vilasrao Deshmukh was not spared…before all of this he even abused a Mumbai India Girl Supporter for supporting the Mumbai Indians when she had approached him for an autograph

…he was drunk….”Who the hell are you…..I’ll see who evicts me from here….This is my city…..who is your boss….I’ll bury him right here !”…are some of his boasts as related by MCA Treasurer Ravi Sawant and Spokesman Nitin Dalal who smelled that he was drunk ….MCA has filed a Police Complaint with the Marine Drive Police Station for verbal abuse,threatening and even assault….A Police Chief of ACP Rank had escorted Shah Rukh Khan away from the stadium last night while he continued to be abusive…why did they not test him for alcohol,at the time or later when the complaint was filed in the night

Shah Rukh Khan’s Version

…and Shah Rukh Khan’s has just stated his  Defence and Version of what unfolded last night …briefing the media from his residence ‘Mannat’….says he was not Drunk…I only drink socially…. the Officials were High Handed and with a High Attitude…the Security physically manhandled little girls,who are not even thirteen in the name of security…they should apologise to me….one short official wearing spectacles was abusive and as I rushed to him he hid behind the other officials…the security guard had come at me aggressively uttering in Marathi that which cannot be repeated …I was not abusive to any girl as has been reported…I did not want to be on the field… I just wanted to pick my children and their friends…I ran on to the ground to tell the Security not to touch the girls in the group in the guise of security…yes I got angry because of what they were saying and I was alone and they were 20 to 25 MCA and IPL Officials ….they were aggressive and abusive…and I too was abusive in retaliation…Let them decide to ban me from Wankhede…personally I would not like to go  myself if this is their behaviour…I’m extremely disturbed the way they manhandled children and touched little girls in the name of security…this is unpardonable…I should write a complaint on their behaviour and the language what the spoke…If they have filed a Legal & Police Complaint my lawyers will handle this read more

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