Grill Splendour Services Limited

15 Apr 2024 - 18 Apr 2024 Individual Category SME NSE

Min Investment

₹288000

Price Band

₹120

Issue Size

13.73 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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15 Apr 2024

Open Date

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18 Apr 2024

Close Date

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19 Apr 2024

Allotment Date

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23 Apr 2024

Listing Date

Grill Splendour Services IPO is open for subscription starting Monday, April 15, 2024, and closing on Thursday, April 18, 2024. The price of this upcoming IPO is decided at Rs 120 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,44,000 (120 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (120 x 2400 shares). Grill Splendour Services IPO is a fixed price issue of Rs 16.47 crores. This upcoming IPO issue is completely a fresh issue of 13.73 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 19, 2024. Grill Splendour Services IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 23, 2024. The book-running lead manager of Grill Splendour Services IPO is Inventure Merchant Banker Services Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Rikhav Securities. 

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About Grill Splendour Services Limited

Grill Splendour Services Company incorporated in November 2019, is a chain of gourmet bakeries and patisseries in Mumbai. Company has acquired the bakery and confectionery business along with the brand Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited. Grill Splendour Services has 17 retail stores, a centralised production facility and multiple corporate clients. Out of 17 retail stores, five of them are running in a franchisee model and the rest 12 are owned by them. The product portfolio of the company are Cakes and Pastries, Food Sale, Beverages and Desert Sales. The company manages its delivery logistics with four vehicles that run on fuel sourced from local petrol pumps. As of February 29, 2024, the company has 77 employees in various departments. 

Founded

2019

Managing Director

Mr.Srinidhi V Rao

Parent Organization

IPO Objectives

Grill Splendour Services posted a revenue of Rs  885.64 lakhs and PAT of Rs 61.65 lakhs for the period ending on 30 November 2023. The company’s revenue rose by 32.92% and profit after tax increased by 5654.34% between the FY ending with March 31, 2023 and March 31, 2022. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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