Grill Splendour Services Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 651,600 (47%) | — | ₹782 Cr |
| Retail | — | 651,600 (47%) | — | ₹782 Cr |
| Market Maker | — | 69,600 (5%) | — | ₹8 Cr |
| Σ Total | — | 1,372,800 (100%) | — | ₹16,474 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹144,000 |
| Retail (Max) | 13 | 15,600 | ₹1,872,000 |
| S-HNI (Min) | 14 | 16,800 | ₹2,016,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 886 | 1,532 | 1,152 |
| Profit After Tax | 62 | 199 | 3 |
| Net Worth | 495 | 201 | 2 |
| Total Assets | 2,212 | 764 | 291 |
| Reserves & Surplus | 111 | 200 | 1 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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 Overview
Established in November 2019, Grill Splendour Services Limited is a chain of gourmet bakeries and patisseries in Mumbai with 17 retail outlets, a central manufacturing facility, and several corporate clients operating under the brand name Birdy's.
Grill Splendour Services Private Ltd. acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited in November 2019 to expand its reach in the hospitality industry.
The company's product portfolio can be divided into the following areas
- Cakes and pastries
- Sale of food products
- Beverages
- Sale of desserts
The company has 17 retail stores, 5 of which are operated under a franchise model (franchisee-owned, and company-operated), while the remaining 12 stores are owned by the company.
As of February 29, 2024, the company employed 77 people in various departments.