At The Beginning Of The Low SRS

Meanwhile, the BSE Sensex up 137.44 points or 0.81% to 17,013.98 In stock debuted at Rs 55, 5.17% discount on its initial public offering (IPO) price. In stock has reached a level of Rs 61.40 and low of Rs 49 so far during the day. The company had priced the IPO at the lower end of the price range of R 58-65 per share. The IPO was subscribed 1.25 SRS times with offers of 4.37 billion rupees crore shares compared with 3.5 shares offered. The IPO was open to auction between 23 and 26 August 2011. The category of non-institutional investors was subscribed 5.11 times followed by qualified institutional buyers (0.75 times) and retail investors (0.32 times). SRS is a conglomerate that manages the theater, hotels, jewelry, retail and grocery stores (cash and carry) business. The company receives 71% of their total revenue in the jewelry industry, followed by 25.5% in the retail sector and the rest of the film, and food and beverages. This is a chain of multiplexes spread across six cities.


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