Grill Splendour Services Limited IPO
Grill Splendour Services Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹120 per share. The stock debuted at ₹121.3, delivering a listing gain of 1.1%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,44,000.
Grill Splendour Services Limited IPO
- IPO Dates
- Apr 15, 2024 – Apr 18, 2024
- Price band
- ₹120 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- ₹16.47 Cr
- Lot size
- 1200
- Allotment Date
- Apr 19, 2024
- Listing
- Apr 23, 2024
- Listing At
- NSE SME
IPO timeline
-
Apr 15, 2024
Open Date
Completed
-
Apr 18, 2024
Close Date
Completed
-
Apr 19, 2024
Allotment Date
Completed
-
Apr 23, 2024
Listing Date
Completed
Grill Splendour Services Limited IPO Essentials
Grill Splendour Services Limited IPO Details
Grill Splendour Services Limited IPO is priced at ₹120 per share with a total issue size of 16.47 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹120 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 1,372,800 shares(aggregating up to ₹16.47 Cr)
- Total issue size
- 13,72,800 shares
(aggregating up to ₹16.47 crore) - Fresh issue
- 13,72,800 shares
(aggregating up to ₹16.47 crore) - Listing at
- NSE SME
- List price
- 121.3
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Inventure Merchant Banker 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 reservation details show category-wise allocation of shares. Out of the total 1,372,800 shares, approximately 47.47% for retail investors, and 5.07% for market maker.
| 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 Analytics
Grill Splendour Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Grill Splendour Services Limited IPO Subscription Status
Grill Splendour Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹5.19/-
- EPS Post IPO
- ₹1.78/-
- P/E Pre IPO
- 23.12
- P/E Post IPO
- 67.58
Returns
- RoNW
- 12.46%
- PAT Margin
- 6.96
Fundamentals
- Debt / Equity
- 1.50
- Price / Book
- 9.30
Grill Splendour Services Limited Financials( In Lakhs)
| 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 |
Grill Splendour Services Limited Company & Offer Insights
About Grill Splendour Services Limited
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 are the company's promoters of Grill Splendour Services Limited.
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 Information
Contact Details
Grill Splendour Services Limited
+91 22 5002 9517
J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C1, 1st Floor, Plot - 8, Wadala Truck Terminal Road, Antop Hill, Mumbai - 400 037,
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Grill Splendour Services Limited IPO is a Fixed Priced IPO worth ₹16.47 crore. The issue price is ₹120 per share (fixed price). The IPO opens on Apr 15, 2024 and closes on Apr 18, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Grill Splendour Services Limited IPO is ₹120 per share (fixed price).
The lot size of Grill Splendour Services Limited IPO is 1200 shares.
The minimum investment for Grill Splendour Services Limited IPO is approximately ₹1,44,000 based on the issue price .
Grill Splendour Services Limited IPO opens on Apr 15, 2024 and closes on Apr 18, 2024.
The allotment date of Grill Splendour Services Limited IPO is Apr 19, 2024.
Grill Splendour Services Limited IPO is expected to be listed on Apr 23, 2024, on NSE SME Platform.
Grill Splendour Services Limited IPO valuation snapshot: P/E 67.58, EPS ₹1.78/-, P/B 9.30, RoNW 12.46%, and market cap N/A.
To apply for Grill Splendour Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Grill Splendour Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Grill Splendour Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Grill Splendour Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Grill Splendour Services Limited IPO allotment status on IPO Ji for quick and easy access.