Grill Splendour Services IPO GMP, Details, Date, Price 2024

Grill Splendour Services IPO  is coming up with its Initial public offering. The IPO will be open for subscription on april 15, 2024

 

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

 

 

Grill Splendour Services IPO – About Company 

 

Grill Splendour Services Limited operates as a prominent chain of gourmet bakeries and patisseries in Mumbai, boasting 17 retail outlets, a centralized production hub, and a diverse clientele that includes corporate entities.

In a strategic move to enhance its footprint in the hospitality sector, Grill Splendour Services Private Ltd. acquired Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited in November 2019.

The company’s product offerings are categorized into:

  • Cakes & Pastries
  • Food Sales
  • Beverages
  • Dessert Sales

For efficient delivery management, the company operates a fleet of four vehicles fueled by locally sourced petrol. As of February 29, 2024, Grill Splendour Services Limited employs a workforce of 77 across various departments.

 

Grill Splendour Financial Performance

 

  FY 2022 FY 2023 8M FY 2024
Revenue 11.50 15.29 8.84
Expenses 11.26 12.41 7.75
Net income 0.03 1.99 0.62

Figures in INR Crores 

 

Grill Splendour Services Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (0.24) 0.23 13.19
PE ratio 9.10
RONW (%) NA 204.73 99.16
NAV 13.30
EBITDA (%) 1.54 2.29 18.97

 

 Competitive Advantages

 

  • Strong Brand recognition.
  • Chain of Stores spread across Mumbai region.
  • Experienced Promoter and management team with strong industry expertise.
  • Strong B2B customer relationships.

 

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.

 

Grill Splendour Services IPO GMP Today

 

Date GMP Kostak Subject to Sauda
12 April 2024 7 6,500
11 April 2024 10 8,000

Grill Splendour Services IPO – Allotment Status

 

Grill Splendour Services IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

 

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

 

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs)

 

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