The SRS Company which operates in a very well diversified and varied pool of businesses which includes cinemas, food & beverages, retail shopping as well as manufacturing & retailing of jewellery, is coming out with its Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the SRS IPO.
SRS IPO: Review Analysis & Details
Some basic details first about the SRS IPO, which are available as of now: Image sourced as screenshot from official website of SRS
- The size of SRS IPO is around Rs 228 crore INR
- It is primarily in multiple diversified business stream which includes media entertainment, retail, etc.
What is the issue size of the SRS IPO?
Around 228 Crore Rs is the size of the SRS IPO, based upon the price band
What is the price band of SRS IPO?
The price band for SRS IPO is Rs. 58 to 65 Rs per share.
How many shares will be sold in the SRS IPO?
The total no. of shares to be sold through this IPO is around 3.5 Crores.
What are the IPO dates for SRS IPO
The IPO dates for SRS IPO are from August 23, 2011 to August 26, 2011.
How will the capital raised by SRS IPO be used?
It is reported that the capital raised through this IPO will be used for 3 purposes:
- To setup more cinemas and multiplexes
- To build more restaurents and food courts
- To invest more in the manufacturing and retailing business of jewellery
- To have more retail stores
See List of All IPO Articles here
Any ratings given to SRS IPO?
No info about that as of now.
What are the analysts recommendations and business results for SRS IPO?
The company seems to be well placed in the multiple diversified sectors. However, this diversity also sometimes may limit the profits - for e.g., if cinemas business goes well but jewellery business goes down, then the profits will be limited as compared to another company purely in cinams business. Anyways, businesses and diversification work their own ways.
As for the business results, the reported profits for FY11 had around 44% increase to 37.5 Crores and the income also was healthy - around 2078 Crores that's a 56% rise.
However, one should take the call as per the risk appetite. This issue may not provid quick gains on listing given the highly volatile stock market situations in India and abroad. Such diversified stocks may go either way on listing depending upon the market conditions as they are not focussed on one single area. One may decide to hold it for long run, as per his risk appetite
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