SRS Limited IPO : Files DRHP With SEBI

by khalid on 10/08/2010 · 0 comments

SRS Limited is in the business of cinema exhibition, food and beverages, retail and manufacturing and retailing of jewelery. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) on 13th July 2010 to float its Initial Public Offer (IPO), of the Equity Shares. The company plans to raise money from primary market with an IPO of 35,000,000 equity shares of face value Rs 10 each, with a premium decided by the 100% book building process. The issue size of this IPO will be Rs 200 crore .

The Promoters of the Company are Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited and BTL Portfolio Limited.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The objects of the fresh issue :- The money raised from this IPO will be utilize by the company for setting up of cinemas, setting up of food courts and restaurants, setting up of retail stores, setting up of jewellery manufacturing facility and jewellery retail stores, general corporate purposes and issue related expenses.

Have a look on DRHP filed by the company to SEBI

The Book running lead manager (BRLM) to the issue are IDBI Capital Market Services Limited, Karvy Investor Services Limited and Spa Merchant Bankers Limited.

Registrar of the Issue : Beetal Financial & Computer Services (P) Limited New Delhi.

Stay tuned to BelltheBull Blog for more on SRS Limited IPO !

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