SRS IPO India

There is a new IPO planned for the Indian Equity markets. The IPO or initial public offering belongs to the real estate company, SRS Group, which are primarily focused on real estate business in the north India.

What is the size of the SRS IPO?
The SRS IPO is expected to raise around 500 million Rupees through its initial public offering.

Where will the IPO proceeds be used by the capital raised from SRS IPO?
The expansion plan is for a total of 1000 Crore Rs. Of this, Rs 500 crore would be invested in the expansion of the retail business, Rs 350 crore in multiplex cinemas, and the balance would be invested in the food & beverage business over the next three years.

How will SRS IPO raise remaining 500 Crore Rs.?
Apart from the 500 Crore Rs. raised from the SRS IPO, the remaining 300 Cr will raised as debt and rest will be from internal accruals.

What are the opening dates of the SRS IPO?
No information is available about the opening dates, subscription dates or listing date of the SRS IPO shares, but the IPO is expected to come by the end of this fiscal.

What is the price band or price range of SRS IPO shares?
No information is available at the time of writing this article about the price of SRS IPO shares.

What are the business plans and valuations of SRS IPO?
SRS officials say that they plans to increase the number of its organised retail outlets to 100 by the end of the current fiscal, with the total area under retail operation expected to be around 15,000 sq ft by 2009.

It plans to open 16 Value Bazaars every month and has signed lease agreements for over 50 locations with developers like Omaxe, Chadha Group.

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