PDFLink: Vivek Patil Weekly Technical Analysis: Week of 14th May 2012 :ICICI Securities,

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Initial Public Offering (IPO) : Specialty Restaurants Ltd :Kotak Securities

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nitial Public Offering (IPO) : Specialty Restaurants Ltd. Mainland China, Sweet Bengal, Oh Calcutta, etc.

Rating : CRISIL IPO Grade 4/5 Issue Period : 16th - 18th May 2012

Specialty Restaurants Private Limited was incorporated on 1st December 1999 as a private limited company under the Companies Act. It operates as fine dining operator in India, with 69 restaurants and 13 confectionaries as on 29th February 2012 featuring well recognized brands in the Indian restaurant industry like Mainland China, and Oh Calcutta! to name a few.

.   Company Highlights Flagship Brand: Mainland China with 36 restaurants across India & 1 in Bangladesh Core Brand: Oh! Calcutta with 7 restaurants in India & 1 in Bangladesh Other Brands: Sigree, Flame & Grill, Kibbeh, Shack, Haka, Just Biryani, Kix, Machaan,  Sweet Bengal 19 years of experience in catering to guest tastes and preferences in India Diversified Business Model & network of restaurants spread across 21 cities in India & 1 in Bangladesh   . .   Financial Highlights Promoter Holdings: 80.92% of the outstanding Equity Shares Runs on “asset light model” as they lease out properties to operate restaurants Cash & Cash Equivalents: Rs. 47.81 million as on 31st March 2011 Secured Borrowings: Rs 138.90 million as on 31st March 2011 Profit Before Tax: Rs 234.88 million as on March 31st, 2011 Earnings Per Share: 5.48 as on 31st March, 2011   .

Company Name Specialty Restaurants Limited Issue Period 16th - 18th May 2012 Price Band Rs. 146 - 155 Lot Size 40 Equity Shares and in multiples of 40 thereafter Issue Size Rs. 181.96 crores Face Value Rs. 10 each Listing NSE / BSE Rating CRISIL IPO Grade 4/5 Registrars Link Intime India Private Ltd Who Can Invest Resident Indian individuals, HUF, Companies, corporate bodies, scientific institutions, societies and trusts, NRIs, FIIs.

May 16: Edelweiss Technical Reflection (ETR)

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Edelweiss Technical Reflection (ETR)

Nifty delivered the much needed pullback in yesterday’s session with gains of 0.71% bucking the five session losing trend. The index opened lower on weak overseas cues but soon started to recover and gradually built on the gains to climb towards the highest point of the day in the final hour. On the daily chart, a ‘bullish engulfing’ candlestick pattern has formed, which is a bullish reversal pattern, but requires a follow up bullish move to validate the pattern. Volumes were below the 10-day average and the market breadth came back marginally in favour of advances after many sessions of weakness. Volatility dropped mildly towards 22.28 on the India VIX. Hourly momentum oscillators that had been indicating a possible rebound, have rolled bullish and are trending towards the neutral. Daily indicators on the other hand have moved out from the oversold levels but remain in the sell zone. While the overall setup has turned lower, the rebound rally will be a choppy one and could stretch towards 5040.

All the sectoral indices closed the day in the green with the exception of FMCG index that lost 0.64% on profit taking. Among the top gainers of the day were Cap Goods (+3%), Metals (+2.2%) and IT (+1.5%) indexes. Gaines spilled over to the broader markets that witnessed a much needed relief as the Mid-cap and Small-cap indices gained 0.63% and 0.33% respectively.

Bullish Setups: TTMT, LT, BPCL, HMCL, SESA

Bearish Setups: DRRD, GAIL, AL, COAL, LICHF

May 16: Stocks in news: Edelweiss

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 Stocks in News

Adani group to bid for power transmission projects. (ET)

Bharti Airtel Under ED lens for alleged money laundering. (ET)

SBI, associates to lend INR 24 bn for Damodar Valley Corp project. (ET)

FIPB may be allowed to clear foreign buys in Pharma Cos. (ET)

ONGC junks South China Sea block as Cnooc drills. (DNA)

Northern Iron rejects $476 m from Aditya Birla group bid. (DNA)

May 17: Business News Tablet (click on link to read article) : IFCI Financial Services Limited

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Business News Tablet (click on link to read article)

Economic Times		Business Standard
Ø  India bows to US pressure, cuts Iran oil import Ø  FIPB may clear foreign buys in pharma cos Ø  India must open coal to private miners: Tata Power Ø  IVRCL bags orders worth Rs 652.65 crore Ø  Australia's Northern Iron rejects Aditya Birla's takeover bid Ø  SBI group to finance 70% of DVC's new Bokaro Thermal unit		Ø  Vodafone-like cases can be reopened in 6-yr window Ø  JK Tyre Q4 net soars 7-fold to Rs 86 cr Ø  Moody's downgrades Italian banks, outlook negative Ø  Oriental Bank slashes lending rates by up to 1.5% Ø  Videocon Industries to raise over Rs 270 cr via pvt placement Ø  DGFT imposes restrictions on sugar exports
Business Line		Mint
Ø  IL&FS Engineering posts Rs 37-cr loss in Q4 Ø  Muthoot Finance full year net up 80%, at Rs 892 cr Ø  Rupee gains 19 paise to 53.77 vs dollar Ø  Crude futures down at Rs 5,078 per barrel Ø  Mahindra Satyam set to revive Nagpur SEZ Ø  Infy's market cap down 11% last fiscal		Ø  Bharti may buy Qualcomm licence Ø  Indian, global corporate on M&A path: survey Ø  ONGC Videsh 2011-12 output down 7.35% y-o-y Ø  India tells US Iranian oil import cuts to continue: source Ø  Axiata chief voices concerns over Trai recommendations Ø  Leelaventure gets in-principle CDR nod
Financial Express		Financial Chronicle
Ø  Land acquisition Bill to cover more sectors Ø  'Stamp duty on property deals can rise' Ø  Everonn posts Rs 63 cr net loss for Q4 Ø  Pantaloon Retail Q3 net down 98% Ø  Airtel under ED scan: Shares bear brunt		Ø  MMTC quarterly profit touches Rs 89 cr in Q4 Ø  Cummins India Q4 net profit rises marginally to Rs 144.57 cr Ø  Eurozone avoids economic recession on German growth Ø  2G case: A Raja granted bail by Delhi court Ø  Escorts drives in country’s first executive tractor

   (Click on link to view article)

Thanks and Regards

IFIN: IFCI Financial Services Limited

Cement Channel Check - Segmental price differential widening; Edelweiss PDF link

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Our channel checks indicate widening gap between trade and non-trade prices in North, East and West regions. We believe these are initial signs of price correction in the trade category as we approach the monsoon season. Prices have corrected by ~INR5-20/bag in the trade category and by ~ INR5-35/bag in the non-trade category across regions over the past one month. Cement demand was below expectation due to ban on sand mining in a few states and labour shortage owing to the harvesting season.

Speciality Restaurants IPO Details- Oversubscribe 0.01x on day 1

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SPECIALITY RESTAURANTS LIMITED
Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	4108795	0	0.00
1(a)	Foreign Institutional Investors (FIIs)		0
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		0
1(c)	Mutual Funds		0
1(d)	Others		0
2	Non Institutional Investors	1760912	0	0.00
2(a)	Corporates		0
2(b)	Individuals (Other than RIIs)		0
2(c)	Others		0
3	Retail Individual Investors (RIIs)	4108796	35480	0.01
3(a)	Cut Off		40240
3(b)	Price Bids		27120
	Total	9978503	67360	0.01
Updated as on 16 May 2012 at 1700 hrs