Grill Splendour Services Limited IPO is set to launch on 15 April, 2024. The company initiated its business operations in the year 2019. It is a gourmet bakery and patisseries chain in Mumbai. It has 17 retail stores and a production facility with multiple corporate clients to serve. The recent expansion of the company was made in 2019 when it acquired Birdy’s bakery and Patisseries from WAH restaurants private Limited. The product portfolio of the company includes Food Sale, Cake and Pastries, Desert Sales and Beverages. It has an employee base of 77 people.
Grill Splendour Services Limited IPO DETAILS
Grill Splendour Services Limited IPO is set to launch on 15 April, 2024. The subscription timeline extends till 18 April, 2024. The size for the IPO is 16.47 Crore Rs. Shares issued through fresh issue mode are worth Rs 16.47 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 120 Rs per share. The company is going to get listed on NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Grill Splendour Services Limited IPO
| IPO OPENING DATE | 15 April, 2024 |
| CLOSING DATE FOR IPO | 18 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 120 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 16.47 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 16.47 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 23 April, 2023 |
Grill Splendour Services Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 15 April, 2024 |
| CLOSING DATE FOR IPO | 18 April, 2024 |
| IPO ALLOTMENT DATE | 19 April, 2024 |
| REFUNDS | 22 April, 2024 |
| DEMAT A/C CREDITED ON | 22 April, 2024 |
| IPO LISTING DATE | 23 April, 2024 |
Grill Splendour Services Limited IPO begins for subscription from 15 April, 2024. The IPO subscription would continue till 18 April, 2024. The allotment status for the shareholders who applied would come on 19 April, 2024. The refunds for the ones who did not get allotment would be initiated on 22 April, 2024. The DEMAT accounts of shareholders would be credited on 22 April, 2024. The listing of the company would be completed on 23 April, 2024.
Grill Splendour Services Limited IPO : Lead Managers
The lead managers are :
- Inventure Merchant Banker Services Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 144000 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 288000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 144000 Rs. |
| Maximum | 2400 shares | 288000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 265 | 290 | 764 |
| Revenue | 825 | 1152 | 1531 |
| PAT | (-3.63) | 3.46 | 199.1 |
Grill Splendour Services Limited had an asset base of 265 Lakh Rs in 2021. This increased to 290 Lakh Rs in 2022. The asset base of the company was 764 Lakh Rs in 2023. The revenue of the firm was 825 lakh Rs in 2021 which increased to 1152 Lakh Rs in 2022 and 1531 Lakh Rs in 2023. The company suffered from a loss of 3.63 lakh Rs in the year 2021. However in the year 2022 the profit of the firm was 3.46 lakh Rs. In the year 2023 the company’s profit jumped to a mighty 199.1 Lakh Rs. Hence the year 2023 posted a strong financial condition for the company.
PROS
- It has 17 retail stores and a production facility with multiple corporate clients to serve. The recent expansion of the company was made in 2019 when it acquired Birdy’s bakery and Patisseries from WAH restaurants private Limited.
- The product portfolio of the company includes Food Sale, Cake and Pastries, Desert Sales and Beverages. It has an employee base of 77 people.
Grill Splendour Services Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
