Grill Splendour Services Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

15 Apr 2024

Close Date

18 Apr 2024

Allotment

19 Apr 2024

Listing Date

23 Apr 2024

Exchange

NSE SME

Price Band

₹120

Listing Price

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Allotment Status

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Price Band

₹120

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

13,72,800 shares (aggregating up to ₹16.47 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

38,35,400 shares

Promoters

Post-IPO Holding

52,08,200 shares

Promoters

P/E (Pre)

23.12x

P/E (Post)

67.58x

EPS (Pre)

₹5.19

EPS (Post)

₹1.78

UPI Deadline

2024-04-18

Mandate

Anchor AllotmentSun, 14 Apr 2024

Basis of AllotmentFri, 19 Apr 2024

Refund InitiationMon, 22 Apr 2024

Demat CreditMon, 22 Apr 2024

Listing DayTue, 23 Apr 2024

UPI Mandate Deadline2024-04-18

Sale TypeFresh Capital

Net Offer to Public13,03,200 shares (aggregating up to ₹15.64 Cr)

Market Maker Quota69,600 shares (aggregating up to ₹0.8352 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Grill Splendour Services Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 18 Apr 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	69,600	—	₹0.84
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,372,800	100%	₹16.47

IPO Shares Offered

Grill Splendour Services Ltd IPO total issue size: ₹16.47 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	69,600	₹0.84	5.07%
Total	1,372,800	₹16.47	100.00%

* Based on upper price band ₹120 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹120.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹288,000
Retail (Max — 13 Lots)	13	15,600	₹1,872,000
S-HNI (Min — 14 Lots)	14	16,800	₹2,016,000
B-HNI (Min — 68 Lots)	68	81,600	₹9,792,000

* Issue Price ₹120 × Lot Size 1,200 shares

IPO Schedule

Anchor

14 Apr 2024

✓ Done

IPO Open

15 Apr 2024

✓ Done

IPO Close

18 Apr 2024

✓ Done

Allotment

19 Apr 2024

✓ Done

Refunds

22 Apr 2024

✓ Done

Demat Credit

22 Apr 2024

✓ Done

Listing Day

23 Apr 2024

✓ Done

₹120.00

INR · NSE

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Issue ₹120.00 Live Price

About Grill Splendour Services Ltd

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 areasCakes and pastriesSale of food productsBeveragesSale of dessertsThe 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.

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

Grill Splendour Services Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,152.3

31 Mar 2022

₹1,531.6

31 Mar 2023

₹885.6

30 Nov 2023

Profit After Tax (PAT)

₹3.5

31 Mar 2022

₹199.1

31 Mar 2023

₹61.7

30 Nov 2023

Particulars	30 Nov 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	885.64	1531.62	1152.27
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	61.65	199.10	3.46
Net Worth	494.98	200.79	1.69
Total Assets	2211.54	764.02	290.59
Reserves & Surplus	111.44	199.79	0.69
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	6.96	—	—

P/BV Ratio

9.30

RoNW

12.46

PAT Margin

6.96

Debt/Equity

1.50

Issue Structure & Shareholding

Total Shares Offered13,72,800 (100.00%)

Net Offer to Public13,03,200 shares (aggregating up to ₹15.64 Cr)

Reserved for Market Maker69,600 shares (aggregating up to ₹0.8352 Cr)

Pre-Issue Promoter Holding38,35,400 shares

Post-Issue Promoter Holding52,08,200 shares

P/BV Ratio9.30

RoEN/A

RoCEN/A

Debt / Equity1.50

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Inventure Merchant Banker Services Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Grill Splendour Services Ltd IPO subscribed? ▲

Grill Splendour Services Ltd IPO is subscribed 1.00 times by Apr 18, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Grill Splendour Services Ltd IPO retail subscription status? ▼

The Grill Splendour Services Ltd IPO retail category is subscribed 1.00 times as of 18 Apr 2024. The retail portion is oversubscribed.

How to subscribe Grill Splendour Services Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Apr 2024 and closes 18 Apr 2024. Min investment: ₹144,000 (1 lot = 1,200 shares). UPI mandate: 2024-04-18.

How many times Grill Splendour Services Ltd IPO subscribed? ▼

The Grill Splendour Services Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Grill Splendour Services Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 19 Apr 2024. Refunds: on 22 Apr 2024.

When Grill Splendour Services Ltd IPO will be listed? ▼

The Grill Splendour Services Ltd IPO listing date is 23 Apr 2024, Tuesday. Listed on: NSE SME. Issue price: ₹120. Estimated listing: ₹120. GMP: NIL.

When Grill Splendour Services Ltd IPO close? ▼

The Grill Splendour Services Ltd IPO closes on 18 Apr 2024, Thursday. UPI mandate: 2024-04-18. Allotment: 19 Apr 2024. Listing: 23 Apr 2024.

Quick Actions

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Live Price LIVE

Last Price₹120.00

Change—

Issue Price₹120.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹120

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹120

Subscribed1.00x

Open Date15 Apr 2024

Close Date18 Apr 2024

Allotment19 Apr 2024

Listing Date23 Apr 2024

ExchangeNSE SME

UPI Deadline2024-04-18