What you must know about Grill Splendour Services IPO?
by 5paisa Research Team
16 Apr 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 23-Apr-24
- IPO Price Range ₹ 120
- Listing Price ₹ 121.3
- Listing Change 1.1%
- Last Traded Price ₹ 85
- Current Change -29.2%
Birdy's IPO Details
- Open Date 15-Apr-24
- Close Date 18-Apr-24
- Lot Size 1200
- IPO Size ₹ 16.47 Cr
- IPO Price Range ₹ 120
- Min Investment ₹ 144000
- Listing Exchange NSE SME
- Basis of Allotment 19-Apr-24
- Refunds 22-Apr-24
- Credit to Demat Account 22-Apr-24
- Listing Date 23-Apr-24
Grill Splendour Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Apr-24 | - | 0.38 | 3.92 | 2.15 |
| 16-Apr-24 | - | 1.30 | 6.66 | 3.98 |
| 18-Apr-24 | - | 4.59 | 12.78 | 8.68 |
Birdy's IPO Synopsis
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 |
About Grill Splendour Services
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
Grill Splendour Services Financial Status
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 |
Birdy's IPO Key Points
-
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.
Birdy's
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Birdy's IPO FAQs
When does the Grill Splendour Services IPO opens and closes?
Grill Splendour Services IPO opens from 15th April to 18th April 2024.
What is the size of the Grill Splendour Services IPO?
The size of Grill Splendour IPO is ₹16.47 cr.
How to apply for the Grill Splendour Services IPO?
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
What is the price band of Grill Splendour IPO?
The price band of Grill Splendour IPO is fixed at ₹120 per share.
What is the minimum lot size and investment required for the Grill Splendour Services IPO?
The minimum lot size of Grill Splendour IPO is 1200 shares and the investment required is ₹1,44,000.
What is the allotment date of the Grill Splendour Services IPO?
The share allotment date of Grill Splendour IPO is 19th April 2024.
What is the Grill Splendour Services IPO listing date?
The Grill Splendour IPO will be listed on 23rd April 2024.
Who are the book runners for the Grill Splendour Services IPO?
Inventure Merchant Banker Services Private Limited is the book-running lead manager for Grill Splendour IPO.
What is the objective of 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.
Contact Details of Grill Splendour Services IPO
Contact Information
Grill Splendour Services Limited
J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C1
1st Floor, Plot - 8, Wadala Truck Terminal Road,
Antop Hill, Mumbai - 400 037,
Phone: +91 22 5002 9517
Email: ipo@birdys.in
Website: https://www.birdys.in/
Grill Splendour Services IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Grill Splendour Services IPO Lead Manager
Inventure Merchant Banker Services Pvt Ltd
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