Grill Splendour Services IPO will be Open on April 15, 2024, and closes on April 18, 2024. The company has fixed the price of this IPO at ₹120 according to the face value of ₹10. The company will raise ₹16.47 Crores through this IPO under the 1,372,800 Equity Shares public issue, and the offer is a 100% Fixed Price Issue. The company reserve quota in this IPO is 50% for NII and 50% for Retail Investor. You can check Grill Splendour Services IPO GMP here.
Grill Splendour Services Limited is a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. The company of these 17 retail stores, 5 stores are running under the franchisee model (franchisee-owned, and company-operated) and the rest 12 stores are owned by us. The company offer fresh food products from traditional to ‘made to order’ as required by the Customers.
The company is engaged in the sale of the following broad categories of products:
- Cakes & Pastries
- Food Sale
- Beverages
- Desert Sales
The brand Birdy’s was originally set up as “Birdy’s by Taj”. Over a period, it was sold to WAH Restaurants Private Limited and from them the same was acquired by us vide above referred Acquisition Agreement. The primary focus of our Company was to bring back the quality and sheen of the brand. We did that over a period of the last few years through a series of initiatives. You can check Grill Splendour Services IPO subscription status here.
Objects Of The Issue :
- Funding additional Working capital requirements.
- Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by our Company.
- General Corporate Purposes.
Company Strengths :
- Strong Brand recognition.
- Chain of Stores spread across Mumbai region.
- Experienced Promoter and management team with strong industry expertise.
- Strong B2B customer relationships.
| Read also: Upcoming IPO List 2024 |
Grill Splendour Services IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹0.62 Cr ₹120 /EQ 9.10 23.25x 12.46 % 12.46 % – % 1.50 ₹12.91 ₹22.12 Cr ₹62.50 Cr 49.75 % 36.64 % |
| Team Review : | AVOID |
Show Review…….
- ■ The company engaged in the chain of foodies in and around Mumbai.
- ■ The company annual profit is not sustainable for last few years.
- ■ The company Based on FY23/FY24 earnings, the issue highly aggressive priced.
- ■ The company PE ratio is very attractive.
- ■ The price band is attractive but the promoters holding decrease less than 50%.
Grill Splendour Services IPO, Price Band & Details :
| Issue Type : | Fixed Price Issue |
| IPO Open : | April 15, 2024 |
| IPO Close : | April 18, 2024 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹120 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹16.47 Cr {1,372,800 Shares} |
| Fresh Issue : | ₹16.47 Cr {1,372,800 Shares} |
Grill Splendour Services IPO Market Lot :
Grill Splendour Services IPO Minimum Market lot is 1 Lot with 1200 shares with ₹144,000 Application amount. Retail investors can apply up to 2 lots with 2400 Shares or ₹288,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1200 | ₹144,000 |
| Retail (Max) : | 1 | 1200 | ₹144,000 |
| S-HNI (Min) : | 2 | 2400 | ₹288,000 |
Grill Splendour Services IPO Net Reservation :
Grill Splendour Services IPO Net Reservation of 1,372,800 shares is to be bid for the public issue by Grill Splendour Services IPO with 6,51,600 for NII and 6,51,600 For RII.
| Category | Reservation | Shares | Amount Cr |
| NII : | 47.47% | 6,51,600 | ₹7.82 |
| RII : | 47.47% | 6,51,600 | ₹7.82 |
| MMRP : | 5.02% | 69,000 | ₹0.84 |
| Total : | 100% | 13,72,800 | ₹16.47 |
Grill Splendour Services IPO EPS & RoNW :
The Grill Splendour Services company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Nov | ₹9.10 | 12.46 | ₹12.91 |
| 2023 | ₹13.19 | 99.16 | ₹-2,007.90 |
| 2022 | ₹0.23 | N/A | ₹16.90 |
| 2021 | ₹-0.24 | N/A | ₹-17.70 |
Grill Splendour Services IPO Peer Comparison PE :
The Grill Splendour Services, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Westlife Foodworld | 112.36 |
| Sapphire Foods | 42.77 |
| Jubilant Foodworks | 83.80 |
Grill Splendour Services IPO Dates :
Grill Splendour Services IPO Date is April 15, 2024, and closes on April 18, 2024. The allotment will be finalized on April 22, 2024, and the IPO may list on April 23, 2024.
| Issue Open Date : | April 15, 2024 |
| Issue Close Date : | April 18, 2024 |
| Allotment Date : | April 19, 2024 |
| Refund Date : | April 22, 2024 |
| Share Credit Date : | April 22, 2024 |
| Listing Date : | April 23, 2024 |
Grill Splendour Services IPO Form :
There are two ways to apply in Grill Splendour Services IPO. You can apply for Grill Splendour Services IPO through ASBA available in your bank account. You have to go to your online bank login select Grill Splendour Services IPO in the Invest section and apply through your bank account. Another option is you apply Grill Splendour Services IPO through an IPO form downloaded through NSE and BSE. See the Grill Splendour Services IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Grill Splendour Services Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹885.64 | ₹775.28 | ₹61.65 |
| 2023 | ₹1,531.62 | ₹1,241.07 | ₹199.10 |
| 2022 | ₹1,152.27 | ₹1,125.83 | ₹3.46 |
| 2021 | ₹825.22 | ₹812.53 | ₹-3.63 |
Company Promoters :
■ Srinidhi V Rao
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Grill Splendour Services IPO Lead Managers :
■ Inventure Merchant Banker Services Pvt Ltd
Grill Splendour Services IPO Registrar :
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Note: Check Grill Splendour Services IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company 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
Email: [email protected]
Website: https://www.birdys.in/
Grill Splendour Services IPO FAQs :
What is Grill Splendour Services IPO?
Grill Splendour Services IPO is an SME IPO. They are going to raise ₹16.47 Crores via IPO. The issue is priced at ₹120 per equity share. The IPO is to be listed on NSE, SME.
When Grill Splendour Services IPO will open?
The IPO is to open on April 15, to April 18, 2024, for NII & RII.
How Much is Grill Splendour Services’s IPO Size?
Grill Splendour Services’s IPO size is ₹16.47 Crores.
How much is the Fresh issue size of Grill Splendour Services IPO?
The Fresh issue size of Grill Splendour Services IPO ₹16.47 Cr.
What is Grill Splendour Services IPO Price Band?
Grill Splendour Services IPO Price Band is ₹120 Per share.
What is the Grill Splendour Services IPO Minimum and Maximum Lot Size?
The minimum bid is 1200 Shares with ₹144,000 amount while the maximum bid is 2400 shares with ₹288,000.
How Much is Grill Splendour Services IPO Investors Portion?
The investors’ portion is 50% for NII and RII 50%.
When is the Grill Splendour Services IPO Allotment Date?
Grill Splendour Services IPO allotment date is April 19, 2024
When is the Grill Splendour Services IPO Listing Date?
Grill Splendour Services IPO listing date is April 23, 2024. The IPO to list on NSE, SME.
How to Apply the Grill Splendour Services IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Grill Splendour Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Grill Splendour Services IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Grill Splendour Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Grill Splendour Services IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Grill Splendour Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Grill Splendour Services IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Grill Splendour Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Grill Splendour Services GMP: Click Here Grill Splendour Services Subscription: Click Here Grill Splendour Services Allotment: Click Here Grill Splendour Services Listing: Click Here |
All Grill Splendour Services IPO-related links are available here. If you want to know the details then click on the Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.