Speciality Restaurants, a fine dining operator in India, has fixed the issue price at Rs 150 per equity share for an initial public offering of 11,739,415 equity shares of face value of Rs 10 each for cash at a premium.
Fine dining operator Speciality Restaurants' initial public offer has been subscribed 2.49 times so far on final day, as per data available on NSE website. Maximum bids for the issue were seen in the range of Rs 146-150 a share as against price band of Rs 146-155.
Speciality Restaurants has agreed to sell shares worth Rs 26.41 crore to five anchor investors, it said in a regulatory filing on Tuesday, ahead of its USD 34 million initial public offering.
CRISIL has assigned a grade of 4/5 to the proposed IPO of Speciality Restaurants, which indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India, according to research report dated June 15.
Fine dining operator Speciality Restaurants has filed draft red herring prospectus with the market regulator SEBI for public issue of 11,739,415 equity shares of face value Rs 10 each.