Speciality Restaurants scrip closed at seven per cent premium to its issue price (Rs 150 a share) on day one of its listing on the BSE on Wednesday. The scrip opened at Rs 153, made a high of Rs 160.65, touched a low of Rs 159.90 and closed at its high on the BSE.

On the NSE, the scrip closed at Rs 159.60. Reliance Mutual Fund today bought 4.57 lakh shares at an average price of Rs 158.88.

The company's IPO had got oversubscribed by 2.5 times, despite retail investors subscribing to only 55 per cent of their portion.

Speciality Restaurants has 82 eateries under 10 brands, including Mainland China, Oh! Calcutta, Sigree, Flame & Grill, Machaan Sweet Bengal and Just Biryani. Hong Kong-based SAIF Partners owns 10.64 per cent and Mr Azim Premji, Chairman of Wipro, has a 1.35 per cent stake in the company, according to latest shareholding pattern available with the exchanges.

manisha@thehindu.com

(This article was published on May 30, 2012)
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