Grill Splendour Services IPO Details: Grill Splendour Services is pleased to announce the fixed dates for its upcoming initial public offering (IPO). The IPO is set to open on April 15th and will conclude on April 18th. As a NSE SME IPO endeavor, we aim to raise ₹16.47 crores through this offering. The IPO price band for Grill Splendour Services is fixed at ₹120 per share, with a market lot comprising 1200 shares.
Grill Splendour Services operates a chain of gourmet Bakeries and Patisseries spanning across Mumbai, encompassing 17 retail outlets, a centralized production facility, and catering to various corporate clients. Among these retail stores, 5 operate under the franchisee model (franchisee-owned and company-operated), while the remaining 12 are owned by us. For detailed information regarding franchisee agreements and store locations, please refer to the “Immovable Property” section starting on page 90 of the Prospectus. Revenue details from both franchisee-owned and company-owned stores are also provided therein. Our offerings include a wide range of fresh food products, ranging from traditional to custom-made, tailored to meet customer preferences. Both our Promoters boast over 30 years of individual experience in the Hospitality industry.
Grill Splendour Services Private Ltd. was incorporated in November 2019 as a hospitality company with the purpose of acquiring the bakery and confectionary business, including the renowned Birdy’s Bakery and Patisserie brand, from WAH Restaurants Private Limited. This acquisition was executed through a Business Transfer and Intellectual Property Assignment Agreement dated December 27, 2019. Subsequently, the company embarked on investing in the business, expanding the brand’s presence, and fostering growth.
Originally established as “Birdy’s by Taj,” the Birdy’s brand underwent ownership transitions, ultimately being acquired by us from WAH Restaurants Private Limited via the aforementioned Acquisition Agreement. Our primary objective has been to revive the brand’s quality and reputation, which we have diligently pursued through a series of strategic initiatives over the past few years.
Grill Splendour Services IPO Objectives:
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 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 Services IPO Review (Apply or Not)
- Avoid (Not Apply)
Grill Splendour Services IPO Date & Price Band Details:
| IPO Open: | 15-April-2024 |
| IPO Close: | 18-April-2024 |
| IPO Size: | Approx ₹16.47 Crores, 1,372,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹120 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Grill Splendour Services IPO Lot Size:
The minimum market lot for the Grill Splendour Services IPO consists of 1200 shares, requiring an application amount of ₹144,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹144,000 |
| Retail Maximum | 1 | 1200 | ₹144,000 |
| S-HNI Minimum | 2 | 2400 | ₹288,000 |
Grill Splendour Services IPO Timeline:
The Grill Splendour Services IPO is scheduled to open on April 15th and will close on April 18th. Subsequently, the IPO allotment date is set for April 19th, with the potential listing date anticipated to be April 23rd.
| IPO Open Date: | 15-April-2024 |
| IPO Close Date: | 18-April-2024 |
| Basis of Allotment: | 19-April-2024 |
| Refunds: | 22-April-2024 |
| Credit to Demat Account: | 22-April-2024 |
| IPO Listing Date: | 23-April-2024 |
Grill Splendour Services IPO GMP Today:
As per data from investorgain.com, the Grey Market Premium (GMP) for Grill Splendour Services Limited IPO stands at +8, indicating that shares are trading at a premium of ₹8 in the grey market.
Considering the upper end of the IPO pricing range and the current premium in the grey market, it is estimated that Grill Splendour Services shares will list at a price of ₹128 per share. This represents a 6.67% increase from the IPO price of ₹120.
Grill Splendour Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹8.25 | ₹8.13 | ₹0.04 |
| 2022 | ₹11.52 | ₹11.26 | ₹0.04 |
| 2023 | ₹15.32 | ₹12.41 | ₹1.99 |
| Nov 2023 | ₹8.86 | ₹7.75 | ₹0.62 |
Grill Splendour Services (Birdy’s) IPO Valuation – FY2023
Check Grill Splendour Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹13.19 per Equity Share |
| Price/Earning P/E Ratio: | 9.10 |
| Return on Net Worth (RoNW): | 99.16% |
| Net Asset Value (NAV): | ₹13.30 per Equity Share |
Peer Group
- Westlife Foodworld
- Sapphire Foods
- Jubilant Foodworks
Company Promoters
- Srinidhi V Rao
- Vandana Srinidhi Rao
- Vivek Vijaykumar Sood
Grill Splendour Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Grill Splendour Services IPO Allotment Status
Check Grill Splendour Services IPO allotment status on Bigshare website URL. Click Here
Grill Splendour Services IPO Lead Managers aka Merchant Bankers
- Inventure Merchant Banker Services Pvt Ltd
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: ipo@birdys.in
Website: https://www.birdys.in/
