The IPO of Speciality Restaurants Ltd., which had opened for subscription from May 16, 2012, has been finally subscribed 2.54 times on an overall basis.

The QIB portion of the issue was oversubscribed 4.68 times while the HNI Category received 2.19 times oversubscription. Incidentally, it is the retail investors this time around, who have chosen to stay away from the issue with the category receiving subscription for only 0.30 times the reserved portion

Speciality Restaurants Ltd is a fine dining operator in India with 62 restaurants and 11 confectionaries as of December 31, 2010. The objects of the issue are for:
1. Development of new corporate restaurants;
2. Development of a food plaza;
3. Repayment of a term loan facility

QIB: 0.00 times
Non-Institutional Investors: 0.00 times
Retail: 0.05 times
Overall: 0.02 times

QIB: 0.00 times
Non-Institutional Investors: 0.00 times
Retail: 0.01 times
Overall: 0.01 times

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

Issue Size: 11,739,415 Equity Shares of Rs.10/- each

Issue opens on: May 16, 2012
Issue closes on: May 18, 2012
Price Band: Rs.146/- to Rs.155/- per equity share
Bid Lot: 40 Equity Shares and in multiples thereof
Lead Manager: Kotak Mahindra Capital Company Limited
Registrar: Link Intime India Pvt. Ltd.