Grill Splendour Services IPO Details ( Grill Splendour Services Limited IPO Review )
(15 Apr 2024 – 18 Apr 2024)
Grill Splendour Services Limited started its journey in November 2019 as a chain of fancy bakeries and sweet shops in Mumbai. Operating under the famous brand Birdy’s, it boasts 17 stores across the city, along with a central kitchen and many corporate clients.
In November 2019, Grill Splendour Services Private Ltd. took over Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited, aiming to spread its wings further in the hospitality sector.
Their offerings include:
- Cakes and pastries
- Food items
- Beverages
- Desserts
Out of their 17 stores, 5 are run as franchises, with the company having ownership of 12 stores directly.
As of February 29, 2024, Grill Splendour Services Limited had a team of 77 dedicated employees across various departments.
Grill Splendour Services Limited IPO Competitive Strength
- Strong Brand recognition
- Chain of Stores spread across Mumbai region
- Experienced Promoter and management team with strong industry expertise
- Strong B2B customer relationships
Grill Splendour Services IPO Financials Performance ( Results )
Grill Splendour Services Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves |
| 31-Mar-21 | 265.98 | 825.22 | -3.63 | -1.77 | -2.77 |
| 31-Mar-22 | 290.59 | 1,152.27 | 3.46 | 1.69 | 0.69 |
| 31-Mar-23 | 764.02 | 1,531.62 | 199.10 | 200.79 | 199.79 |
| 30-Nov-23 | 2,211.54 | 885.64 | 61.65 | 494.98 | 111.44 |
Objective of Grill Splendour IPO Issue
- Funding additional Working capital requirements;
- Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by the Company; and
- General Corporate Purposes
Grill Splendour IPO Basic Details
| IPO Date | Apr 15, 2024 to Apr 18, 2024 |
| Listing Date | Tuesday, April 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹120 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,372,800 shares of ₹10 (aggregating up to ₹16.47 Cr) |
| Fresh Issue | 1,372,800 shares of ₹10 (aggregating up to ₹16.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,835,400 |
| Share holding post issue | 5,208,200 |
| Company Promoters | Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood |
Grill Splendour IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Birdy’s IPO Timetable
Birdy’s IPO will open on April 15, 2024 and close on April 18, 2024. You can join Birdy’s IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 15 April 2024 (Monday) |
| Closing Date | 18 April 2024 (Thursday) |
| Basis of Allotment | 19 April 2024 (Friday) |
| Initiation of Refunds | 22 April 2024 (Monday) |
| Credit of Shares to Demat | 22 April 2024 (Monday) |
| Listing Date | 23 April 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 18 April 2024 |
Grill Splendour Services IPO Lot Size
For retail investors in Grill Splendour Services IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹144,000 |
| Retail (Max) | 1 | 1200 | ₹144,000 |
| S-HNI (Min) | 2 | 2400 | ₹288,000 |
Grill Splendour Services IPO Promoter Holding
The company’s promoters include Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood.
| Pre Issue Share Holding | 49.75% |
| Post Issue Share Holding | 36.64% |
Grill Splendour Services Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 62.50 |
| Earning Per Share (EPS) | ₹13.19 per Equity Share |
| Net Asset Value (NAV) | ₹13.30 per Equity Share |
| P/E Ratio (P/E) (x) | 23.12 |
| Post P/E Ratio (P/E) (x) | 67.58 |
| Return on Net Worth (RoNW) (%) | 12.46 |
| Debt/Equity Ratio | 1.50 |
| Price/Book Value Ratio | 9.30 |
Grill Splendour Services IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹8 | – | – |
| 9 April 2024 | ₹8 | – | – |
| 8 April 2024 | ₹8 | – | – |
Grill Splendour Services IPO Detail Video:
link
Grill Splendour Services IPO Subscription Status (Bidding Detail)
The Grill Splendour Services IPO on April 18, 2024 at 7:00:20 PM was subscribed 8.68 times, with the retail category being subscribed 12.78 times, the other category being subscribed 4.59 times.
| Category | Subscription |
| Other | 4.59x |
| Retail | 12.78x |
| Total | 8.68x |
Grill Splendour Services IPO Prospectus
Grill Splendour Services IPO Rating
| Our Rating | 2.5/5.0 |
Grill Splendour Services Company Contact Information
Grill Splendour Services Limited
Registered Office: J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C-105, 1st Floor, Plot – 8, Wadala Truck Terminal Road, Antop Hill, Mumbai – 400 037, Maharashtra, India
Tel No.: +91 22 5002 9517
Email: ipo@birdys.in
Website: www.birdys.in
Contact Person: Nikita Jawar, Company Secretary and Compliance Officer
Promoter: Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood
Grill Splendour Services IPO Registrar
Bigshare Services Private Limited
Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
SEBI Registration No.: INR000001385
Contact Person: Babu Rapheal C
Grill Splendour Services IPO Lead Manager
Registered Office: 2ndFloor, Viraj Towers, Near Andheri Flyover (North End), Western Express Highway, Andheri (East), Mumbai – 400069, Maharashtra
Tel No: +91 22 4075 1500
Fax No: +91 22 4075 1511
Email: compliance@inventuremerchantbanker.com
Investor Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
SEBI Registration No: INM000012003
Contact Person: Arvind Gala
Grill Splendour Services IPO FAQs
What is the lot size of Grill Splendour Services IPO?
The total size of Grill Splendour Services IPO is ₹16.47 crores and this is a complete fresh Issue.
When will Grill Splendour Services IPO start?
Grill Splendour Services IPO will open from 15 April 2024 and IPO will close on 18 April 2024.
What is the open date of Grill Splendour Services IPO?
Grill Splendour Services IPO will open date from 15 April 2024.
What is the last date ( close date ) of Grill Splendour Services IPO?
Grill Splendour Services IPO will close from 18 April 2024.
What is the price band of Grill Splendour Services IPO?
Grill Splendour Services IPO price band is ₹120.
What is the minimum amount required to apply for Grill Splendour Services IPO?
The minimum investment for retailers to apply for Grill Splendour Services IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Grill Splendour Services IPO?
View gray market premium of Grill Splendour Services IPO by Clicking Here
How much is the GMP of Grill Splendour Services IPO?
Watch Grill Splendour Services IPO GMP Today: Click Here
What is the allotment date of Grill Splendour Services IPO?
The allotment date of Grill Splendour Services IPO is 19 April 2024.
How to check allotment status in Grill Splendour Services IPO?
To check the allotment status of Grill Splendour Services IPO, first of all go to the registrar website by clicking here, select your bad Grill Splendour Services IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Grill Splendour Services IPO?
The listing date of Grill Splendour Services IPO is 23 April 2024.
How much will be the listing gain in Grill Splendour Services IPO?
View listing gain of Grill Splendour Services IPO by Clicking Here
How much time Grill Splendour Services IPO is subscribed?
Total 8.68 times subscribed in Grill Splendour Services IPO out of which 12.78 times subscription was done in retail quota, 4.59 times subscription in other quota.
How to apply for Grill Splendour Services IPO from Upstox?
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How to apply for Grill Splendour Services PO from Zerodha?
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How to apply for Grill Splendour Services IPO from Angle One?
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