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grill splendour ipo

Grill Splendour Services IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    23 Apr 2024

  • Listing Price

    ₹ 121.30

  • Listing Change

    1.08%

  • Last Traded Price

    ₹ 86.00

IPO Details

  • Open Date

    15 Apr 2024

  • Close Date

    18 Apr 2024

  • IPO Price Range

    ₹ 120

  • IPO Size

    ₹ 16.47 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    23 Apr 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Grill Splendour Services IPO Subscription Status

Last Updated: 19 April 2024 6:33 PM by 5Paisa

Grill Splendour Services Limited IPO is all set to open from 15th April to 18th April 2024. The company operates as a gourmet Bakery and Patisserie chain in Mumbai. The IPO includes a fresh issue of 1,372,800 shares worth ₹16.47 cr. The share allotment date is 19th April 2024, and the IPO will be listed on 23rd April 2024 on the stock exchanges. The price band is ₹120 and the lot size is 1200 shares.    

Inventure Merchant Banker Services Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Grill Splendour IPO:

Grill Splendour Services Limited plans to utilize the raised capital from the IPO to:

●    To repay or prepay the borrowings obtained by the company in full or partially. 
●    For working capital requirements.
●    General Corporate Purposes.

Grill Splendour IPO Size

Types Size (₹Cr)
Total IPO size 16.47
Offer for sale -
Fresh issue 16.47

Grill Splendour IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹144,000
Retail (Max) 1 1200 ₹144,000
HNI (Min) 2 2400 ₹288,000

Grill Splendour IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
Non-Institutional Buyers 4.59 6,51,600 29,89,200 35.87
Retail 12.78 6,51,600 83,25,600 99.91
Total 8.68 13,03,200 1,13,14,800 135.78

Established in 2019, Grill Splendour Services operates as a gourmet Bakery and Patisserie chain in Mumbai. It has 17 retail stores from which 12 are owned by the company and the rest are under the franchisee model.

The company started as a hospitality company and acquired Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited. At present, there are four main business verticals: Cakes & Pastries, Food Sale, Beverages, and  Desert Sales.

Peer Comparison

●    Westlife Foodworld Limited
●    Sapphire Foods India Limited
●    Jubilant Foodworks Limited

For More Information:
Webstory on Grill Splendour Services IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 15.29 11.50 8.24
EBITDA 2.90 0.26 0.13
PAT 1.99 0.03 -0.004
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 7.64 2.90 2.65
Share Capital 0.01 0.01 0.01
Total Borrowings 5.63 2.88 2.67
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 2.26 0.02 0.31
Net cash from / (used in) investing activities -2.78 -0.29 -0.74
Net cash flow from / (used in) financing activities 1.42 0.26 0.40
Net increase (decrease) in cash and cash equivalents 0.91 0.0017 -0.024


Strengths

1.    The company has Strong Brand recognition.
2.    Its retail stores are spread across Mumbai and Thane.
3.    The company has strong B2B customer relationships.
4.    Experienced team of Promoters senior management.

Risks

1.    High working capital requirements.
2.    It operates in a highly competitive industry.
3.    The business may be affected by seasonality. 
4.    The business is geographically located in only Mumbai.
5.    The company has reported negative PAT in the past. 
 

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FAQs

Grill Splendour Services IPO opens from 15th April to 18th April 2024.
 

The size of Grill Splendour IPO is ₹16.47 cr.

To apply for Grill Splendour IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Grill Splendour IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange  

You will receive a mandate notification to block funds in your UPI app

The price band of Grill Splendour IPO is fixed at ₹120 per share. 

The minimum lot size of Grill Splendour IPO is 1200 shares and the investment required is ₹1,44,000.

The share allotment date of Grill Splendour IPO is 19th April 2024.

The Grill Splendour IPO will be listed on 23rd April 2024.

Inventure Merchant Banker Services Private Limited is the book-running lead manager for Grill Splendour IPO.

Grill Splendour Services plans to utilize the raised capital from the IPO to:

●    To repay or prepay the borrowings obtained by the company in full or partially. 
●    For working capital requirements.
●    General Corporate Purposes.