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Wednesday, May 16, 2012

Speciality Restaurants IPO - Rating from CRISIL

CRISIL has assigned an IPO Grade 4 to Speciality Restaurants Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

Speciality Restaurants Ltd is a fine dining operator in India with 62 restaurants and 11 confectionaries as of December 31, 2012. Speciality Restaurants has established various famous brands across the nation, including Mainland China, Oh! Calcutta, Sigree, Haka, Machaan, Mostly Kababs, Just Biryani and Sweet Bengal. It runs 62 Food & Beverage outlets in various important cities. Mainland China serves more than 2 lakhs Chinese meals per month

The IPO would remain open for subscription between May 16, 2012 and May 18, 2012
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