Diversified company SRS Limited is planning to raise Rs 200 crore through an initial public offering (IPO). The company has received capital market regulator SEBI’s for the same. SRS Limited is in the business of cinema exhibition, food and beverages, retail and manufacturing and retailing of jewelery.
As per the draft prospectus (DRHP), company going to file with SEBI, the company will issue 3.5 crore shares of Rs 10 each through the IPO, constituting 25.13% of the post-issue share capital of the firm.
The proceeds of the IPO are proposed to be utilized to set up cinema halls, food courts and restaurants, retail stores and jewellery manufacturing facility.
The Book Running Lead Manager (BRLM) to the offer are SPA Merchant Bankers and Karvy Investor Services Limited.
Stay tuned to BelltheBull Blog for more news on SRS Limited IPO !Google+