Grill Splendour Services
Grill Splendour Services Info
Details about the Grill Splendour Services IPO. Opening Date of Grill Splendour Services is 15 Apr 24 and Closing Date is 18 Apr 24 . Face Value of Each share of Grill Splendour Services is ₹10 per share. Fixed price of Grill Splendour Services is ₹120. The Lot size of Grill Splendour Services is 1,200 shares. Total issue size of Grill Splendour Services IPO is ₹16.47 cr. Fresh Issue of Grill Splendour Services IPO is 16.47 cr. This is a Fixed Price Issue IPO. Expected to list on NSE SME. Share Holding Pre Issue of Grill Splendour Services is 3,835,400. Share Holding Post Issue of Grill Splendour Services is 5,208,200.
Business Summary
Grill Splendor Services Private Ltd. was incorporated in November 2019 as a hospitality company to acquire the bakery and confectionary business along with brand Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited. The acquisition was done via a Business Transfer and Intellectual Property Assignment Agreement dated December 27, 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 company.
We are engaged in the sale of following broad categories of products: Cakes & Pastries, Food Sale, Beverages, Desert Sales.
Grill Splendour Services IPO Details
| Open Date | 15 Apr 24 |
|---|---|
| Close Date | 18 Apr 24 |
| Face Value | ₹10 per shares |
| Price | ₹120 |
| Lot Size | 1,200 Shares |
| Total issue Size | 1,372,800 Shares ₹16.47 cr |
| Fresh Issue | 1,372,800 Shares ₹16.47 cr |
| Issue Type | Fixed Price Issue |
| Listing At | NSE SME |
| Share Holding Pre Issue | 3,835,400 |
| Share Holding Post Issue | 5,208,200 |
| Market Maker | Rikhav Securities |
| Market Maker Portion | 69,600 Shares |
| RHP , DHRP | View RHP, View DRHP |
Grill Splendour Services IPO Timeline
The Grill Splendour Services Initial Public Offering (IPO) is set to open on 15 Apr 24 and will end its subscription phase on 18 Apr 24. You can check your allotment status for Grill Splendour Services on 19 Apr 24. The refund process for your funds will start promptly on 22 Apr 24. Grill Splendour Services IPO credit of shares will be on 22 Apr 24. The listing date for Grill Splendour Services is on 23 Apr 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Grill Splendour Services IPO Reservation
The Grill Splendour Services IPO reserves shares for different investor categories. Approximately 50% of the Net Issue will be available for NII, 50% of the Net Issue will be available for Retail,
69,600 Shares will be reserved for subscription by Rikhav Securities
| Investor Category | Shares Offered |
|---|---|
| NII | 50% of the Net Issue |
| Retail | 50% of the Net Issue |
Grill Splendour Services IPO Lot Size
Bids can be made for minimum of 1200 shares and in multiple of 1200 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 144,000 |
| Retail (Max) | 1 | 1,200 | 144,000 |
| HNI (Min) | 2 | 2,400 | 288,000 |
Grill Splendour Services IPO Promoters Holding
Promoters holding details for Grill Splendour Services in the current issue is as follows: The share holding of promoters before the issue stands at 49.75%, and after the issue, it has been adjusted to 36.64%.
Promoters of Grill Splendour Services are Srinidhi V Rao, Vandana Srinidhi Rao, Vivek Vijaykumar Sood,
| Share Holding Pre Issue | 49.75% |
|---|---|
| Share Holding Post Issue | 36.64% |
Grill Splendour Services Financial Information
Financial performance details for Grill Splendour Services over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Nov 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 2,211.54 | 764.02 | 290.59 | 265.98 |
| Revenue | 885.64 | 1,531.62 | 1,152.27 | 825.22 |
| Profit After Tax | 61.65 | 199.1 | 3.46 | -3.63 |
Grill Splendour Services IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Grill Splendour Services are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 23.12 |
| RoNW | 12.46% |
| EPS (Rs) | 5.19 |
Object of the Issue
- • Funding additional Working capital requirements
- • Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by the Company
- • General Corporate Purposes
Contact Details for Grill Splendour Services
Phone
Office
J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C105, 1st Floor, Antop Hill, Mumbai - 400 037, Maharashtra, India
Registrar Details for Grill Splendour Services
Bigshare Services Pvt Ltd
Phone
Office
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Inventure Merchant Banker Services Pvt Ltd