Speciality Restaurants sets IPO price at Rs 150/share (middle of range)

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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. The price band for the issue was between Rs 146 and Rs 155 per equity share. The issue was opened during May 16-18, 2012. The issue was over subscribed approximately 2.55 times as per the initial data available on the stock exchanges. The issue constitutes 25% of the post-issue paid-up equity share capital of the company. The equity shares offered through the red herring prospectus are proposed to be listed on the BSE and the NSE. The book running lead manager to the issue is Kotak Mahindra Capital Company Limited.