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IPO Review
   Javagal Srinath10/10/2001
Issue Snapshot

Issue Opens: October 10, 2001

Issue Closed: October 27, 2001

Offer: Issue of 1,00,00,000 Shares

Issue price per share: Rs:135/-

Face value per share: Rs:100/-

Background
The 32-year old fast bowler from Mysore was an engineering student when his talent was noticed. Srinath made his international debut against Australia in Brisbane in 1991/92, but he had to play second fiddle in the pace attack till Kapil Dev retired in 1994/95. Since then, Srinath has become the spearhead of the Indian fast bowling department and, along with state-mate Kumble, a match-winning bowler.

Basic business
Srinath's pace is his main weapon. He possesses an uncanny ability to hustle the batsman and hurry him into his stroke, causing mistakes in the process. His largest drawback has been that an away-going ball has not augmented his standard delivery, cutting in to the right-handed batsman. He relies very much on extracting lift from the ground, which at times causes him to drop shorter than necessary. Srinath is also a useful batsman lower down the order; his swashbuckling performances, resulting in four Test 50s and many cameos in one-day internationals, have often boosted team totals when needed.

Operations
Srinath operates best in the presence of a good fellow fast bowler at the other end. India's lack of this resource has hampered him at times. Although successful abroad, he has sometimes shown a tendency to spray the ball and pitch too short. His experience, however, is invaluable, especially for junior bowlers like Ajit Agarkar and Harvinder Singh.

Overseas performance
Srinath has performed remarkably well at home considering that Indian pitches largely help the spinners. 102 of his 197 Test wickets, however, have been taken abroad where he has been able to use his pace to maximum advantage on tracks offering more bounce and movement.

Development initiatives
Srinath has struggled with rotator-cuff and shoulder injuries of late, forcing him to take frequent breaks from international cricket and skip many one-day internationals in favour of Tests. His selection for the South African tour comes after another such break, and it remains to be seen whether the hiatus has done his shoulder any good.

Conclusions
Srinath's past performances in foreign conditions are encouraging, but it is uncertain whether his talent and experience will win the battle against age and injury.

  
  
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