The IPO of SRS Limited has received a poor response from the investors with the 2nd day subscription figure just reached to 0.54 times on an overall basis. SRS Limited IPO is open on 23rd August 2011 and will get closed on 26th August 2011 for subscription. The IPO has managed to get a little bit better response from Non Institutional Investors (NIIs) Category where it overbid by 1.67 times on the 2nd day of subscription. The price band for the issue is Rs 58 at lower level and Rs 65 at upper level. SRS Limited is a diversified company with interests in Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations.
The category-wise subscription status of IPO on closing of 2nd day is given below:-
Qualified Institutional Buyers (QIBs) : 0.55 times
Non Institutional Investors : 1.67 times
Retail Individual Investors : 0.06 times
Overall : 0.54 times
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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.
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