Grill Splendour Services IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.

Table of Contents

What is the business of Grill Splendour Services?

Grill Splendour Services a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and rest 12 stores are owned by the company. It offers fresh food products from traditional to ‘made to order’ as required by the Customers. Both its Promoters individually have 30+ years of experience in Hospitality industry.
Grill Splendour Services Private Ltd. was incorporated in November 2019 as a hospitality company to acquire the bakery and confectionary business alongwith brand Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited. The acquisition was done via a Business Transfer and Intellectual Property Assignment Agreement dated December 27, 2019 (Acquisition Agreement). After that the company proceeded to invest in the business and grow the brand and spread presence.
The brand Birdy’s was originally set up as “Birdy’s by Taj”. Over a period, it was sold to WAH Restaurants Private Limited and from them the same was acquired by it vide above referred Acquisition Agreement. The primary focus of the Company was to bring back the quality and sheen of the brand. It did that over a period of last few years by a series of initiatives.
The company is engaged in the sale of following broad categories of products:
* Cakes & Pastries
* Food Sale
* Beverages
* Desert Sales

Get more information about the company @ https://www.birdys.in/

Who are the Promoters of Grill Splendour Services IPO?
The promoters of the company are Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood

What are the Objects of Grill Splendour Services IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

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 availed by the Company; and
General Corporate Purposes

Grill Splendour Services IPO To the point Guidance.
Grill Splendour Services a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and rest 12 stores are owned by the company. It offers fresh food products from traditional to ‘made to order’ as required by the Customers. Both its Promoters individually have 30+ years of experience in Hospitality industry.
Size:  The net size of the IPO is Rs.15.64 Cr comprising of 1303200 shares. With 543 applications, retail portion will get one time subscribed. Considering decline in the sentiment of the SME Investors, Huge oversubscription may not be possible.
Financial Snapshot: Based on earnings of 2022-23, the shares are offered at PE ratio of 9.10. The company has shown good topline and bottomline. From fundamental angle, the application may be made.

Quicklinks

• Staffavailable.com
• BigGaddi.com
• ChanakyaMFGuidance.com
• Magajmari.com
• AnalysisLibrary.com

Grill Splendour IPO GMP today details?

Grill Splendour IPO

Grill Splendour IPO FAQs

What is Grill Splendour IPO?
Grill Splendour services is a SME IPO of 1372800 equity shares of the face value of Rs. 10 aggregating up to Rs.16.47 Crores. The issue is priced at Rs.120 per share. The minimum order quantity is 1200 Shares.

When will Grill Splendour IPO open?
Grill Splendour services IPO opens on April 15, 2024, and closes on April 18, 2024.

What is the lot size of Grill Splendour IPO?
Grill Splendour services IPO lot size is 1200 Shares, and the minimum amount required is Rs.144000.

How to apply for Grill Splendour IPO?
You can apply in Grill Splendour services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Grill Splendour IPO allotment?
The finalization of Basis of Allotment for Grill Splendour services IPO will be done on April 19, 2024, and the allotted shares will be credited to your demat account by April 22, 2024.

When is Grill Splendour IPO listing date?
Ramdevbaba Solvent IPO listing date is April 23, 2024.