Shringar Cinemas signs an incremental 33 Properties across India

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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 LocationScreensSeats
 

Existing Sites

   
1MumbaiCiti Mall, Andheri5 1282
2MumbaiInorbit Mall, Malad6 1571
3MumbaiRaghu Leela Mall, Kandivili4 1275
4NashikNashik Shirdi Road3 1407
5KolkataMetropolitan Mall, Hiland Park4 899
  Subtotal226434
 Signed Sites   
6PuneJai Ganesh Mall, Pimpri 3 1009
7HydrebadHimayat Nagar 3 800
8MumbaiLake City Mall 5 1151
9AurangabadCIDCO, Aurangabad3 1040
10AhmedabadR 3 4 1040
11AmbalaCelebration Mall 3 746
12BangaloreOuter Ring Road, Bangalore 6 1400
13BangaloreLido4 1029
14BangaloreMarket Square, Whitefield 8 1600
15PanckulaShalimar Mall 3 600
16ChennaiG G Mall 8 1800
17DelhiCity 4 1171
18KundliTDI Mall3 1033
19MumbaiHardcastle Mall 4 1091
20MumbaiNakshtra Mall, Dadar 1 281
21MysoreProzone 6 1482
22Surat Raj Empire Mall, Surat 6 1844
23AllahabadCivil Lines41155
24AmritsarCelebration Mall41006
25AmritsarCity41100
26JalandharTDI Mall3940
27JalandharStarcity Mall41267
28KolkataSouth City Mall61425
29KolkataLake Mall41000
30KolkataHowrah41365
31KolkataBus Terminus Mall51400
32KolkataAster Mall41050
33LudhianaMBD Neopolis51200
34LudhianaCity Center122522
35MumbaiNeelyog Mall41260
36MumbaiHaware Mall51549
37MumbaiHiranandani51250
38PatialaOmaxe41142
39Pune Fun ‘n’ shop Mall, Pune31025
40PuneRunwal41100
41Pune Kakde City Mall61400
42Greater NoidaOmaxe61817
  Subtotal17045090
  Grand Total19251524