Shringar Cinemas signs an incremental 33 Properties across India

MUMBAI: Shringar Cinemas Limited has signed an incremental 33 properties since the IPO. Including the existing operational 22 screens and 6434 seats, the company strength would increase to 192 screens and approximately 51,000 seats.

The company has focused on states, which have announced Entertainment Tax Exemption. 70% of the total seats are in states like Maharashtra, West Bengal, Punjab, and Uttar Pradesh, which have a Entertainment Tax Exemption Policy. Other states in which the company has signed properties like Gujarat and Haryana have recently lowered their Entertainment Tax rates.

The company has focused on the territories of Mumbai, Mysore [which includes Bangalore City], Punjab and West Bengal. This would enable the company to achieve better economies of scale in each city and lower overhead cost.

Following are the list of existing and signed properties:



































































































































































































































































































Sr. No. City Location Screens Seats
 

Existing Sites

     
1 Mumbai Citi Mall, Andheri 5 1282
2 Mumbai Inorbit Mall, Malad 6 1571
3 Mumbai Raghu Leela Mall, Kandivili 4 1275
4 Nashik Nashik Shirdi Road 3 1407
5 Kolkata Metropolitan Mall, Hiland Park 4 899
    Subtotal 22 6434
  Signed Sites      
6 Pune Jai Ganesh Mall, Pimpri 3 1009
7 Hydrebad Himayat Nagar 3 800
8 Mumbai Lake City Mall 5 1151
9 Aurangabad CIDCO, Aurangabad 3 1040
10 Ahmedabad R 3 4 1040
11 Ambala Celebration Mall 3 746
12 Bangalore Outer Ring Road, Bangalore 6 1400
13 Bangalore Lido 4 1029
14 Bangalore Market Square, Whitefield 8 1600
15 Panckula Shalimar Mall 3 600
16 Chennai G G Mall 8 1800
17 Delhi City 4 1171
18 Kundli TDI Mall 3 1033
19 Mumbai Hardcastle Mall 4 1091
20 Mumbai Nakshtra Mall, Dadar 1 281
21 Mysore Prozone 6 1482
22 Surat Raj Empire Mall, Surat 6 1844
23 Allahabad Civil Lines 4 1155
24 Amritsar Celebration Mall 4 1006
25 Amritsar City 4 1100
26 Jalandhar TDI Mall 3 940
27 Jalandhar Starcity Mall 4 1267
28 Kolkata South City Mall 6 1425
29 Kolkata Lake Mall 4 1000
30 Kolkata Howrah 4 1365
31 Kolkata Bus Terminus Mall 5 1400
32 Kolkata Aster Mall 4 1050
33 Ludhiana MBD Neopolis 5 1200
34 Ludhiana City Center 12 2522
35 Mumbai Neelyog Mall 4 1260
36 Mumbai Haware Mall 5 1549
37 Mumbai Hiranandani 5 1250
38 Patiala Omaxe 4 1142
39 Pune Fun ‘n’ shop Mall, Pune 3 1025
40 Pune Runwal 4 1100
41 Pune Kakde City Mall 6 1400
42 Greater Noida Omaxe 6 1817
    Subtotal 170 45090
    Grand Total 192 51524

 

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