Grill Splendour Services Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹120 - ₹120
- Lot size
- 1,200 shares
- Issue amount
- ₹16.47 cr
- Total subscription
- 8.74×
- Opens
- 15 Apr 2024
- Closes
- 18 Apr 2024
- Allotment
- 19 Apr 2024
- Listing
- 23 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 13,72,800 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹16.47 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 38,35,400
- Shares after issue
- 52,08,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,44,000 |
| HNI | 2 | 2,400 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 7.82 | 99.91 |
| NIB | 7.82 | 36.71 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-23 | Mar-23 |
|---|---|---|
| EPS | 1.61 | 13.19 |
| ROE | 0 | 0 |
| ROCE | 0 | 0 |
| RONW | 12.46 | 99.16 |
| PRE IPO(PE) | 23.12 | 0 |
| POST IPO(PE) | 9.3 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in November 2019, Grill Splendour Services Limited has quickly become a distinguished name in Mumbai’s gourmet bakery and patisserie scene, operating 17 upscale retail outlets alongside a centralized production facility. Strengthening its market presence, the company strategically acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited, reinforcing its commitment to growth and excellence. Offering a delectable range of cakes, pastries, desserts, and beverages, Grill Splendour serves both individual and corporate clients, ensuring premium quality and taste. Its well-coordinated logistics, powered by a fleet of four locally fueled vehicles, guarantee timely deliveries. With a team of 77 dedicated professionals, the company continues to set high standards in culinary innovation, quality, and service, solidifying its place in Mumbai’s competitive gourmet landscape.
Strengths
- Legal and Regulatory Risks: Compliance with food safety and business regulations is crucial. Any legal issues or regulatory non-compliance could impact operations.
- Operational Costs: Maintaining 17 retail stores in Mumbai comes with high rental and operational costs, which could affect profitability if not managed efficiently.
- Market Competition: The premium food and hospitality sector in Mumbai is highly competitive. Changing consumer preferences and new market entrants could challenge Grill Splendour’s growth and market share.
Risk factors
- Working Capital Management: High capital requirements for inventory and operational expenses could strain liquidity. Implementing efficient cash flow management and credit policies can help mitigate this risk.
- Vendor Diversification: Dependence on a few vendors increases supply chain risks. Expanding the vendor base and establishing backup suppliers can reduce potential disruptions.
- Geographic Expansion: Relying solely on the Mumbai region makes the company vulnerable to local risks. Exploring new markets or delivery models could enhance resilience and long-term stability.
Promoters
Srinidhi V Rao
Vandana Srinidhi Rao
Vivek Vijaykumar Sood
Registrar & documents
Lead manager
Inventure Merchant Banker Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C1, 1st Floor, Plot - 8, Wadala Truck Terminal Road, Antop Hill, Mumbai - 400 037,
+91 22 5002 9517
[email protected]Company website ↗Understanding BIRDYS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.