SRS Group Announces ₹1,000 Crore Investment and IPO Plans
The SRS Group has revealed plans to invest over ₹1,000 crore in the next three years and launch its initial public offering (IPO) by the financial year's end. The investment will fund a wide range of projects including an ₹800-crore five-star hotel in Haryana, an IT park development, and the construction of a new multi-storey residential complex.
Investment Breakdown and Project Details
During a press conference, SRS Group Chairman Anil Jindal outlined precisely where the investment is planned. He stated that ₹500 crore will be allocated to the expansion of the company's retail business. An additional ₹350 crore has been earmarked for establishing new multiplex cinemas, and ₹150 crore will be utilized for broadening the company's footprint in the food and beverage sector. 
Mr. Jindal clarified the funding strategy, explaining, “This investment outlay will be sourced from a mix of debt and equity, which includes an IPO by the end of current fiscal year”. He elaborated on their ongoing construction of a five-star hotel in Faridabad, Haryana, describing it as a fifteen-acre entity with an integrated entertainment complex. Furthermore, he added, “We will also be expanding our chain of multiplexes, the brand name SRS Cinemas. We currently operate five multiplexes in and around Delhi and also in Gorakhpur (U.P.) and plan to add fifty more screens by March 2009 and about 160 screens over the next three years”.
Focus on Tier-2 Cities and Retail Expansion
Mr. Jindal emphasized the organization's strategic targeting of Tier-2 cities for future growth. “We plan to increase the number of our retail outlets under brand name ‘SRS Value Bazaar’ from thirty-five to hundred by the end of the current fiscal. We also plan to build and operate fifteen metro-based hyper markets,” he confirmed. He underscored SRS's ambitious plans regarding the expansion of their retail business to 100 stores by the close of the fiscal period, and the concurrent plan to build and manage 15 metro-centric hypermarkets.