Grill Splendour Services Limited is a chain of gourmet bakeries and patisseries in Mumbai, with 17 retail stores, a centralized production facility, and multiple corporate clients.
Grill Splendour Services Private Ltd. acquired Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited in November 2019 to expand their reach in the hospitality industry.
The product portfolio of the company can be divided into the following:
- Cakes & Pastries
- Food Sale
- Beverages;
- Desert Sales
The company manages its delivery logistics with 4 vehicles that run on fuel sourced from local petrol pumps. As of February 29, 2024, the company employs 77 in various departments.
Grill Splendour Services IPO – Details
| IPO Opening Date | 15 April 2024 |
| IPO Closing Date | 18 April 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 13,72,800 Shares Worth ₹16.47 Crore Fresh Issue: 13,72,800 Shares Worth ₹16.47 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Grill Splendour Services IPO – Date Schedule
| IPO Open Date | 15 April 2024 |
| IPO Close Date | 18 April 2024 |
| Basis of Allotment | 19 April 2024 |
| Initiation of Refund | 22 April 2024 |
| Credit of Shares to Demat Account | 22 April 2024 |
| IPO Listing Date | 23 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2024 |
Grill Splendour Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,44,000 |
| Retail (Maximum) | 1 | 1200 | ₹1,44,000 |
| HNI (Minimum) | 2 | 2400 | ₹2,88,000 |
Competitive Strengths
- Strong Brand recognition.
- Chain of Stores spread across Mumbai region.
- Experienced Promoter and management team with strong industry expertise.
- Strong B2B customer relationships.
Company Promoters
- Srinidhi V Rao
- Vandana Srinidhi Rao
- Vivek Vijaykumar Sood
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 8.25 | 8.12 | -0.03 |
| 31 March 2022 | 11.52 | 11.25 | 0.03 |
| 31 March 2023 | 15.31 | 12.41 | 1.99 |
| 30 November 2023 | 8.85 | 7.75 | 0.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 1.5 |
| RoNW | 12.46% |
| P/BV | 9.3 |
| PAT Margin (%) | 6.96 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.19 | 1.78 |
| P/E (x) | 23.12 | 67.58 |
Grill Splendour Services IPO Promoter Holding
| Pre Issue Share Holding | 49.75% |
| Post Issue Share Holding | 36.64% |
Grill Splendour Services IPO Prospectus
Company Contact Information
| 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/ |
Grill Splendour Services IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Grill Splendour Services IPO Lead Manager(s)
| 1. Inventure Merchant Banker Services Pvt Ltd |
Grill Splendour Services IPO FAQs
| What is Grill Splendour Services IPO? Grill Splendour Services IPO is a SME 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 15 April 2024 for Retails – 50% and Others – 50% Investors. |
| How to Grill Splendour Services IPO? You can apply for Grill Splendour Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Grill Splendour Services IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Grill Splendour Services”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Grill Splendour Services IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Grill Splendour Services”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Grill Splendour Services IPO Size? Grill Splendour Services IPO size is ₹16.47 crores. |
| What is Grill Splendour Services IPO Price Band? Grill Splendour Services IPO Price Band is ₹120. |
| What is Grill Splendour Services IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,44,000 amount while the maximum bid is 1200 shares with ₹1,44,000. |
| What is the Grill Splendour Services IPO Allotment Date? Grill Splendour Services IPO allotment date is 19 April 2024. |
| What is the Grill Splendour Services IPO Listing Date? Grill Splendour Services IPO listing date is 23 April 2024. The IPO is to list on NSE SME. |
