Speciality Restaurants Ltd , owner of India’s largest Fine Dining restaurant chain listed in stock exchanges today .Due to negative market sentiment and wide criticism of over pricing for the IPO ,retail portion of the issue subscribed only upto 50 % of the offer .But I feel many analysts and broking houses paid much attention to the pricing side and ignored the other .Company having many positives like a professional management under the leadership of Anjan Chatterjee with vast experience in this field,proven execution skills,rapid expansion ,asset light business model with good cash flow,excellent brand loyalty( Mainland China),low debt ..etc.As mentioned above it may seems fully priced in current market situation based on parameters like P/E ,but I don’t think stocks of companies with good growth potential will come at low P/E at any point of time rather higher P/E will be justified in future with good growth.Hence one with some risk appetite may go for it at CMP of Rs.156/-
Disc : I have vested interest in SRL
