Grill Splendour Services Limited IPO
NSE SMEListed On: Apr 23, 2024 at ₹ 121.3
₹ 288000 /2400 Shares
*Min Investment
15 Apr, 2024
Open Date18 Apr, 2024
Close Date19 Apr, 2024
Allotment Date23 Apr, 2024
Listing DateGrill Splendour Services Limited IPO Issue Details
- Issue Price ₹120 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 13,72,800 shares(aggregating up to ₹16.47 crore)
- Fresh Share 13,72,800 shares(aggregating up to ₹16.47 crore)
- Listing at NSE SME
- List Price 121.3
- Listing Date 2024-04-23
- Lead Manager Inventure Merchant Banker Services Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,44,000 |
| Retail(max) | 1 | 1200 | ₹1,44,000 |
| NII (min) | 2 | 2400 | ₹2,88,000 |
Grill Splendour Services Limited IPO Reservation
Grill Splendour Services Limited IPO offers total 1,372,800 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,651,600 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 69,600 (5.07%) | |
| Retail Shares Offered | 651,600 (47.47%) | |
| Total Shares Offered | 1,372,800 (100%) |
Grill Splendour Services Limited IPO Details
Grill Splendour Services Limited IPO is an SME IPO, priced at ₹120 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 13,72,800 equity shares, aggregating up to ₹16.47 crores..
The IPO bidding window is open from Apr 15, 2024 to Apr 18, 2024. The allotment is expected to be finalized on Apr 19, 2024, and the tentative listing date is Apr 23, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Inventure Merchant Banker Services Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Rikhav Securities Limited will act as the market maker for this issue.
Grill Splendour Services Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 651,600 | 651,600 | 1,303,200 |
Day 1 15-04-24 06:00 PM | 0.38 x | 3.94 x | 2.16 x |
Day 2 16-04-24 06:00 PM | 1.30 x | 6.69 x | 4.00 x |
Day 3 18-04-24 06:00 PM | 4.69 x | 12.78 x | 8.74 x |
Grill Splendour Services Limited Valuations
Grill Splendour Services Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 764.02 | 290.59 | 265.98 |
| Revenue | 1,531.62 | 1,152.27 | 825.22 |
| Profit After Tax | 199.10 | 3.46 | -3.63 |
About Grill Splendour Services Limited Company
It is a chain of gourmet bakeries and patisseries in Mumbai with 17 retail outlets, a central manufacturing facility, and several corporate clients operating under the brand name Birdy's. Birdy's Bakery and Patisserie was acquired by Grill Splendour Services Private Ltd. from WAH Restaurants Private Limited in November 2019 to increase the scale of the company in the hospitality industry.
The company has the following products in its portfolio:
Cakes and pastries
Sale of food products
Beverages
Sale of desserts
The company has 17 retail stores. Of these, 5 are franchise stores (franchisee-owned and company-operated), and the remaining 12 stores are company-owned.
As of February 29, 2024, the company had 77 employees in different departments.
Grill Splendour Services Limited - Promoter(s)
Srinidhi V Rao
Vandana Srinidhi Rao
Vivek Vijaykumar Sood
Pre Issue Share Holding : 49.75%
Post Issue Share Holding : 36.64%
Grill Splendour Services Limited IPO - Issue Objectives
Funding additional Working capital requirements
Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by the Company
General Corporate Purposes
Grill Splendour Services Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Grill Splendour Services Limited | 13.19 | 13.19 | 13.3 | 9.1 | 99.16 | 9.02 | Standalone |
| Westlife Foodworld Ltd | 7.16 | 7.16 | 36.29 | 112.36 | 19.72 | 22.15 | Consolidated |
| Sapphire Foods India Limited | 36.7 | 36.7 | 197.33 | 42.77 | 18.6 | 7.95 | Consolidated |
| Jubilant Foodworks Ltd | 5.35 | 5.35 | 30.88 | 83.8 | 17.32 | 14.52 | Consolidated |
Notes:
- RONW / EPS / NAV etc. is adjusted for face value.
- The P/E Ratio is computed by dividing the closing market price on March 28, 2024, on BSE by EPS.
- Birdy's financials are based on March 31, 2023.
Contact Details
Grill Splendour Services Limited
J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C1, 1st Floor, Plot - 8, Wadala Truck Terminal Road, Antop Hill, Mumbai - 400 037,
+91 22 5002 9517
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Grill Splendour Services Limited IPO - FAQs
Ans. Grill Splendour Services Limited IPO is a SME IPO. The issue is priced at ₹120 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Apr 15, 2024, and closes on Apr 18, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Grill Splendour Services Limited IPO opens on Apr 15, 2024 and closes on Apr 18, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Grill Splendour Services Limited IPO is 1,372,800 shares(aggregating up to ₹16.47 Cr).
Ans. The Grill Splendour Services Limited IPO price band is set between ₹120 per equity share.
Ans. To apply for Grill Splendour Services Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Grill Splendour Services Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Grill Splendour Services Limited IPO is Apr 19, 2024.
Ans. The Grill Splendour Services Limited IPO will be listed on Apr 23, 2024.
Ans. Follow the steps to check the Grill Splendour Services Limited IPO allotment status online.
