Launched in 1992, Speciality Restaurants Ltd is a fine dining operator in India with 62 restaurants and 11 confectionaries as of December 31, 2010. They focus on providing their guests an affordable fine dining experience with quality food and service in a modern ambience.

Speciality Restaurants has established several famous brands across the nation, including Mainland China, Oh! Calcutta, Sigree, Haka, Machaan, Mostly Kababs, Just Biryani and Sweet Bengal. It runs 62 Food & Beverage outlets in various important cities. Mainland China alone serves more than 2 lakhs Chinese meals per month, which is a record of sorts in the country. Their restaurants consist of different restaurant concepts and are located across India, with the majority concentrated in the western region.

The four factors of contribute to the quality of the food that they offer quality fresh ingredients, modern food preparation and storage equipment, standardised recipes prepared by trained chefs and effective quality monitoring.

Company Promoters:

Anjan Chatterjee and Suchhanda Chatterjee are the Promoters of the company.

Objects of the Issue:

The object of the issue are to:

1. Development of new corporate restaurants;
2. Development of a food plaza;
3. Repayment of a term loan facility; and
4. General corporate purposes.

Issue Detail:

»» Issue Open: May 16, 2012 - May 18, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 11,739,415 Equity Shares of Rs. 10
»» Issue Size: Rs. [.] Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE

 

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Originally posted by rajnsharma Originally posted by mohitrathi8 ^ +1   But these concept ones, generally do well, atleast on IPO day. Eg. SKS   In my opinion it's not worth taking the pain for a small gain. A few thousand earned doesn't change life at all. It can just give you a kick that's all.

Gone are the days when Indian investors making quick bucks by investing in IPO. Statistics show that these days majority (>50-60%) of newly IPOed stocks are quoting at a loss compared to IPO price. So the logical conclusion is that, even if one find some IPO lucrative, one should wait for decline in its price and then do investing.

But the busness model is different. All sit-down restaurants have a real estate element which eats into a large chunk of profits.