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

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