Grill Splendour Services Ltd
Price Range
₹120
Min. Quantity
1,200
Closes on
18 April 2024
Min. investment
₹1,44,000/1,200 Shares
Grill Splendour Services Ltd IPO Timeline
Grill Splendour Services Limited was incorporated as Grill Splendour Services Private Limited on November 29, 2019 with the Registrar of Companies, Mumbai. Status of the Company was changed to Public Limited and the name changed to Grill Splendour Services Limited. A fresh Certificate of Incorporation on conversion was issued on September 06, 2023 by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Grill Splendour Services Ltd IPO Opening Date | 15 April 2024 |
| Grill Splendour Services Ltd IPO Closing Date | 18 April 2024 |
| Basis of Allotment | 19 April 2024 |
| Initiation of Refunds | 22 April 2024 |
| Credit of Shares to Demat | 22 April 2024 |
| Grill Splendour Services Ltd IPO Listing Date | 23 April 2024 |
Grill Splendour Services Ltd IPO Details
| Grill Splendour Services Ltd IPO Date | 15 April 2024 to 18 April 2024 |
| Grill Splendour Services Ltd IPO Face Value | ₹10 per share |
| Grill Splendour Services Ltd IPO Price | ₹120 to ₹0 per share |
| Grill Splendour Services Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹16.47 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹16.47 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Srinidhi V Rao, Vandana Srinidhi Rao, Vivek Vijaykumar Rao |
Grill Splendour Services Ltd IPO Lot Size
The Grill Splendour Services Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,44,000 |
| Maximum | 1 | 1,200 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- Strong Brand recognition.
- Chain of Stores spread across Mumbai region.
- Experienced Promoter and management team with strong industry expertise.
- Strong B2B customer relationships.
Company Financials
Grill Splendour Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 22.19 | 13.49 | -0.24 |
| 03-2023 | 7.64 | 15.32 | 1.99 |
| 03-2022 | 2.91 | 11.52 | 0.03 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding additional working capital requirements
- Pre-payment/Repayment in full or part of certain outstanding borrowings by the company
- General corporate purposes
Grill Splendour Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 24.88% |
| Post Issue Share Holding | 18.32% |
Grill Splendour Services Ltd IPO Subscription Status (Bidding Detail)
The Grill Splendour Services Ltd IPO is subscribed 8.2928 times on 18 April 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 8.2928 |
Grill Splendour Services Ltd IPO Prospectus
Grill Splendour Services Ltd IPO Listing Date
| Listing Date | 23 April 2024 |
| BSE Script | 92588 |
| NSE Symbol | BIRDYS |
| Listing In | NSE - SME |
| ISIN | INE0PC901019 |
| IPO Price | ₹120 |
| Face Value | ₹10 |
Company Contact Information
J1 S.S.Vinayak Pre-CoopSoc LtdC-105 1Flr Plot 8 Antop Hill,Mumbai-400037
Phone: +91 22 5002 9517
Email: ipo@birdys.in
Website: www.birdys.in
Grill Splendour Services Ltd IPO Registrar
Grill Splendour Services Ltd IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd
FAQ
What is the issue size of Grill Splendour Services Ltd IPO?
I have pre-applied for Grill Splendour Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.