Grill Splendour Services Ltd

Quick Service Restaurant

Offer Period :

15th to 4th Apr 2024

Grill Splendour Services Ltd IPO Details

IPO Date 15th to 4th Apr 2024 Minimum Investment ₹144000 / 1 Lots
Listing Date 2024-04-23 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹16.47 Crores
Price ₹120 to ₹120 per share Fresh Issue ₹16.47 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 15th to 4th Apr 2024
Listing Date 2024-04-23
Face Value ₹10 per share
Price ₹120 to ₹120 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Total Issue Size ₹16.47 Crores
Fresh Issue ₹16.47 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

15th Apr

IPO Starts

18th Apr

IPO Ends

19th Apr

Allotment Date

22nd Apr

Initiation of Refund

22nd Apr

Credit of Shares to Demat Account

23rd Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 49.75 36.64
Public Group 50.25 63.36

Grill Splendour Services Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 651600(47.47%)
Retail Shares Offered 651600(47.47%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1372800
Total Shares With Anchor Investor 1372800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Grill Splendour Services Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Grill Splendour Services Ltd IPO Lead Manager

1. Inventure Merchant Banker Services Pvt Ltd

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Grill Splendour Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Grill Splendour Services Ltd

1. Strong Brand recognition.

2. Chain of Stores spread across Mumbai region.

3. Experienced Promoter and management team with strong industry expertise.

4. Strong B2B customer relationships.

Risks Involved

1. If the company is unable to implement its growth strategy successfully including in relation to selecting cities and locations for its new stores / restaurants the company results of operations and financial condition may be adversely affected.

2. The company has not entered into long-term contracts with its customers and typically operate on the basis of purchase orders from its walk-in customers, any loss of customers could adversely impact its revenues and profitability.

3. Deterioration in the performance of, or its relationships with, third-party delivery aggregators, may adversely affect its business, results of operations and financial condition.

4. Its B2B operations are subject to high working capital requirements. The company's inability to maintain an optimal level of working capital required for its business may impact the company operations adversely.

5. Its Promoters and Directors, Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood plays key role in its functioning and the company heavily relies on his knowledge and experience in operating its business and therefore, it is critical for the company's business that its Promoter remain associated with the company. Its success also depends on its key managerial personnel and its ability to attract and retain them. Any loss of the company key person could adversely affect its business, operations and financial condition.

6. Substantial portion of its purchases raw materials has been dependent upon limited number of vendors.

7. Its business requires the company to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.

8. Because the company operates in a highly competitive industry, its revenues, profits or market share could be harmed if the company is unable to compete effectively.

9. Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect its business prospects, results of operations and financial condition.

10. Negative publicity with respect to its services in the public domain or in the industry in which the company operates could adversely affect its business, financial condition and results of operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Grill Splendour Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-23 92588 BIRDYS
INE0PC901019
₹120 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹120 ₹120
Open ₹0 ₹121.3
Low ₹0 ₹120
High ₹0 ₹127.35
Low ₹0 ₹120

Frequently Asked Questions

What is Grill Splendour Services Ltd IPO?

Answer Field

Grill Splendour Services Ltd IPO is a SME IPO of 13,72,800 equity shares of a face value of ₹10 aggregating up to ₹16.47 Crores. The issue is priced at ₹120 to ₹120 per share. The minimum order quantity is 1200 Shares. The IPO opens on April 15, 2024, and closes on April 18, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Grill Splendour Services Ltd IPO will open?

Answer Field

The Grill Splendour Services Ltd IPO opens on April 15, 2024 and closes on April 18, 2024.

What is the lot size of Grill Splendour Services Ltd?

Answer Field

Grill Splendour Services Ltd lot size is 1200 shares, and the minimum amount required is ₹1,44,000.

How to apply for Grill Splendour Services Ltd IPO?

Answer Field

You can apply in Grill Splendour Services Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Grill Splendour Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Grill Splendour Services Ltd 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 Services Ltd IPO listing date?

Answer Field

The Grill Splendour Services Ltd listing date is April 23, 2024.

Who is the registrar of Grill Splendour Services Ltd IPO?

Answer Field

The registrar of Grill Splendour Services Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Inventure Merchant Banker Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Grill Splendour Services Ltd IPO?

Answer Field

The fresh issue size is ₹16.47 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Grill Splendour Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for Grill Splendour Services Ltd IPO?

Answer Field

To apply for Grill Splendour Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Grill Splendour Services Ltd?

Answer Field

The price of each Grill Splendour Services Ltd share will be ranging in between ₹120 to ₹120 per share.

What is the cut-off time for the UPI mandate for Grill Splendour Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, April 18, 2024.

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