Grill Splendour Services Limited IPO

NSE SME

Listed On: Apr 23, 2024 at ₹ 121.3

₹ 144000 /1200 Shares

Check Allotment

Grill Splendour Services Limited IPO Details

15 Apr, 2024

Open Date

18 Apr, 2024

Close Date

19 Apr, 2024

Allotment Date

23 Apr, 2024

Listing Date

Issue Price

₹120 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

121.3

Listing Date

2024-04-23

Market Lot

1200 Shares (₹144,000/-)

Lead Manager

Inventure Merchant Banker Services Pvt Ltd

Issue Size

1,372,800 shares(aggregating up to ₹16.47 Cr)

Retail Portion

50%

Subscription

8.74 times

IPO Docs

DRHP RHP

The IPO of Grill Splendour Services Limited is priced at ₹120 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Grill Splendour Services Limited IPO bid opening date is from Apr 15, 2024 and the bid closing date was Apr 18, 2024.
Grill Splendour Services Limited IPO allotment result will be available on Apr 19, 2024. The tentative listing date for Grill Splendour Services Limited is Apr 23, 2024.

The total issue size is 1,372,800 shares(aggregating up to ₹16.47 Cr).

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

Total No. of Applications: 6,939 (Approx)

Grill Splendour Services Limited Valuations

EPS Pre IPO

₹5.19/-

EPS Post IPO

₹1.78/-

P/E Pre IPO

23.12

P/E Post IPO

67.58

Debt/Equity

1.50

RoNW

12.46%

PAT Margin

6.96

Price to Book Value

9.30

Grill Splendour Services Limited Company Financials All values are in ₹ Lakh

	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 The 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)

Pre Issue Share Holding: 49.75%

Post Issue Share Holding: 36.64%

Company Promoter(s)

Srinidhi V Rao
Vandana Srinidhi Rao
Vivek Vijaykumar Sood

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

Other Details

Company 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,

Phone: +91 22 5002 9517

Email: po@birdys.in

Website: https://www.birdys.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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. The size of Grill Splendour Services Limited IPO is 1,372,800 shares(aggregating up to ₹16.47 Cr).

Ans. The IPO price band is set between ₹120 per equity share.

Ans. To apply for Grill Splendour Services Limited IPO 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 allotment status for Grill Splendour Services Limited IPO here.