Speciality Restaurants, which runs popular restaurant chains such as Mainland China and Oh! Calcutta, is planning to raise Rs1.82bn with an initial public offering of 1.17 crore shares, according to reports.
The IPO will be open for bids from May 16 to May 18.
The Company may consider participation by Anchor Investors. The Anchor Investor Bid/ Issue Period shall be one working day prior to the Bid/ Issue Opening Date. The Issue has been graded by CRISIL as 4, indicating above average fundamentals.
The Issue is being made through the Book Building Process wherein not more than 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIB”). 5% of the QIB Portion (excluding Anchor Investor Portion) will be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion will be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price.
Further, not less than 15% of the Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Potential investors (except Anchor Investors) may participate in this Issue through an Application Supported by Blocked Amount (“ASBA”) process providing details about the bank account, which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) for the same. QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily required to utilise the ASBA process to participate in this Issue.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the BSE and the NSE.
The Book Running Lead Manager to the Issue is Kotak Mahindra Capital Company Limited.