Grill Splendour Services Limited IPO is an NSE SME IPO. They are going to raise ₹16.47 Crores via IPO. The issue is priced at ₹120 to ₹120 per equity share. The IPO is to be listed on NSE.
IPO opens for subscription on April 15, 2024, and closes on April 18, 2024. The allotment for the Grill Splendour Services Limited IPO is expected to be finalized on April 19, 2024. Grill Splendour Services Limited IPO will list on NSE SME with tentative listing date fixed as April 23, 2024.
| IPO Details | allotment |
| Minimum Investment ₹144,000 /1 Lot (1200 shares) | Price Range ₹120-₹120 | |
| Max Quantity 1 Lots/1200 Shares | Max Investment ₹144,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 16.47 Cr | Employee Discount ₹0 |
| Total Issue Size 1,372,800 Shares (aggregating up to ₹16.47 Cr) | Share Holding Pree Issue 3,835,400 | Issue Type Fixed Price Issue IPO |
| Fresh Issue Share 1,372,800 Shares (aggregating up to ₹16.47 Cr) | Share Holding Post Issue 5,208,200 | Listing At NSE SME |
| Market Maker Portion 69,600 Shares (Rikhav Securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 15 April 2024 |
| Offer Ends | 18 April 2024 |
| Allotment | 19 April 2024 |
| Refunds | 22 April 2024 |
| Credit of shares to Demat account | 22 April 2024 |
| IPO Listing | 23 April 2024 |
About Grill Splendour Services Limited
Incorporated in November 2019,
Grill Splendour Services is a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility, and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee-owned, and company-operated) and rest 12 stores are owned by them. For details on the franchisee agreement and locations, please refer to “Immovable Property” beginning on page 90 of the Prospectus. For details on the revenue earned through their franchisee-owned stores and their owned stores. They offer fresh food products from traditional to ‘made to order’ as required by the Customers. Both their Promoters individually have 30+ years of experience in the Hospitality industry.
The product portfolio of the company can be divided into the following:-
Cakes & Pastries
Food Sale
Beverages;
Desert Sales
| Founded in | Managing Director |
| 2008 | Mr. |
Share Holding
The promoters of the company are Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood
| Share Holding Pre-Issue | 49.75% |
| Share Holding Post-Issue | 36.64% |
Grill Splendour Services Limited IPO Prospectus
| Grill Splendour Services Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹1,531.62 | ₹1,152.27 | ₹822.25 |
| Assets | ₹764.02 | ₹290.59 | ₹265.98 |
| Profit | ₹199.10 | ₹3.46 | -₹3.63 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 62.5 Cr | ROE | % |
| P/E (X) | 23.12 | ROCE | % |
| POST P/E (X) | 67.58 | EPS | 5.19 |
| Debt to Equity | 1.5 | RONW | 12.46% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Funding additional Working capital requirements.
- Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Brokerage Firm IPO Review
- To be updated soon
| Grill Splendour Services Limited Contact Details | |
| Address | 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 |
| ipo@birdys.in | |
| Website | https://www.birdys.in/ |
IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Grill Splendour Services Limited IPO Allotment Status Check |
| Grill Splendour Services Limited IPO Allotment Status Check Click Here |
| Grill Splendour Services Limited Lead Managers | |
| Inventure Merchant Banker Services Pvt Ltd 2nd Floor, Viraj Tower, Western Express Highway, Andheri (East) Mumbai – 400 069 | |
| Phone | +91 22 4075 1515 |
| bronze.smeipo@inventuremerchantbanker.com | |
| Website | http://www.inventuregrowth.com |
Grill Splendour Services Limited IPO FAQs
What is Grill Splendour Services Limited IPO?
- Grill Splendour Services Limited IPO is an NSE SME IPO. They are going to raise ₹16.47 Crores via IPO. The issue is priced at ₹120 to ₹120 per equity share. The IPO is to be listed on NSE.
- The IPO opens on April 15, 2024, and closes on April 18, 2024.
When Grill Splendour Services Limited IPO will open?
- The IPO is to open on April 15, 2024, for NII, and Retail Investors. and closes on April 18, 2024
What is Grill Splendour Services Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is Grill Splendour Services Limited IPO Size?
- Grill Splendour Services Limited IPO size is ₹16.47 crores.
What is Grill Splendour Services Limited IPO Price Band?
- Grill Splendour Services Limited IPO Price Band is ₹120 to ₹120 per equity share.
What is Grill Splendour Services Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1200 Shares) with ₹144,000. and Maximum Lot Size 1 Lots (1200 Shares) with ₹144,000
What is Grill Splendour Services Limited IPO Allotment Date?
- Grill Splendour Services Limited IPO allotment date is April 19, 2024.
What is Grill Splendour Services Limited IPO Listing Date?
- Grill Splendour Services Limited IPO listing date is April 23, 2024. The IPO to list on NSE.