[MyFamilyInvestment] Speciality Restaurants IPO
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May 12, 2012, 4:13:42 AM5/12/12
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Speciality Restaurants, a fine dining operator, will be launching its public issue of 1,17,39,415 equity shares of face value Rs 10 each. The issue will constitute 25% of the post-issue paid-up capital. The company provides an affordable fine dining experience with quality food and service in a modern ambiance, with 62 restaurants and 11 confectioneries as of 31 December, 2010. Promoters Anjan Chatterjee and Suchhanda Chatterjee will reduce their stake in the company to 60.69% post issue.
The IPO opens on 16 May, 2012 and closes on 18 May, 2012.
Speciality Restaurants intends to use proceeds of the IPO for development of new corporate restaurants (with an outlay of Rs 144.685 crore); development of a food plaza (with cost of Rs 15.1 crore); and repayment of a term loan facility (with Rs 10.433 crore). The company plans to open 48 corporate restaurants.
Kotak Mahindra Capital Company Limited is the book running lead manager to the issue and Link Intime India Private Limited is the registrar.
The IPO opens on 16 May, 2012 and closes on 18 May, 2012.
Speciality Restaurants intends to use proceeds of the IPO for development of new corporate restaurants (with an outlay of Rs 144.685 crore); development of a food plaza (with cost of Rs 15.1 crore); and repayment of a term loan facility (with Rs 10.433 crore). The company plans to open 48 corporate restaurants.
Kotak Mahindra Capital Company Limited is the book running lead manager to the issue and Link Intime India Private Limited is the registrar.
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Posted By Blogger to MyFamilyInvestment at 5/12/2012 01:43:00 PM
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