Grill Splendour Services SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Get everything you need to know about the Grill Splendour Services IPO. Explore Grill Splendour Services IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
15 Apr - 18 Apr 2024
Price Range
₹ 120
Issue Size
₹ 16.47 crore
Listed Price
₹121.31.08%

Overview

Grill Splendour Services Private Ltd. is a prominent chain of gourmet Bakery and Patisserie establishments, with a strong presence across Mumbai. Our network comprises 18 retail stores, a centralized production facility, and a loyal base of corporate clients. Our commitment lies in delivering freshly prepared treats, ranging from traditional favorites to customized, made-to-order products. Each creation is meticulously handcrafted with love and passion.

Key Points:

  • Grill Splendour Services Private Ltd. was incorporated in November 2019 as a hospitality company, acquiring the bakery and confectionary business, along with the renowned brand Birdy’s Bakery and Patisserie, from WAH Restaurants Private Limited.
  • Brand Legacy: Originally known as "Birdy’s by Taj," the Birdy’s brand has a rich history and was eventually acquired by Grill Splendour Services. The company's primary objective is to restore and enhance the quality and reputation of the brand, which it has achieved through various strategic initiatives over the years.
  • Product Offerings: Grill Splendour Services offers a diverse range of products across four broad categories:
    • Cakes & Pastries
    • Food Sale
    • Beverages
    • Dessert Sales

IPO Docs

Objects of the Issue

  • Funding additional Working capital requirements
  • Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by the Company
  • General Corporate Purposes

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates15 Apr - 18 Apr 2024
IPO Price Band₹ 120 per share
Fresh Issue13,72,800 Shares
Offer For SaleNIL
Total IPO Size₹ 16.47 crore
Face Value₹ 10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date15 Apr 2024
IPO Closing Date18 Apr 2024
Basis Of Allotment19 Apr 2024
Refunds22 Apr 2024
Demat Transfer22 Apr 2024
IPO Listing Date23 Apr 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Nov 2023
Total Income8.2511.5215.328.86
Total Expenses8.1311.2612.417.75
Net Profit/Loss-0.040.032.00.62
NPM (*)-0.440.3013.06.96
Total Assets2.662.917.6422.12
Total Liabilities2.682.895.6317.17

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Nov 2023
EPS-36.3034.601991.01.61
ROE (%)NegativeNegative99.1612.46
ROCE (%)NANANANA
D/E RatioNANANANA
Current Ratio0.690.850.971.51
EBITDA MARGIN (%)1.542.2918.9712.46

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Grill Splendour Services Limited15.329.1013.1999.169.02
Westlife Foodworld Limited2,298.50112.367.1619.7222.15
Sapphire Foods India Limited1,962.7842.7736.7018.607.95
Jubilant Foodworks Limited5,095.9983.805.3517.3214.52

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)0
Non-Institutional Investor (NII/HNI)4.59
Retail Individual Investor (RII)12.78
Total8.68

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Bigshare Services Private Limited
Phone
: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Company Promoters

  • SRINIDHI V RAO
  • VANDANA SRINIDHI RAO

Lead Managers

  • Inventure Merchant Banker Services Private Limited

Company Address

Grill Splendour Services Limited

J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C105, 1st Floor, Plot - 8, Wadala Truck Terminal Road, Antop Hill,

Mumbai - 400 037, Maharashtra, India

Phone: +91 22 5002 9517

Email: ipo@birdys.in

Website: www.birdys.in

FAQs

  • What is the issue size of the Grill Splendour Services SME IPO?
    The Grill Splendour Services SME IPO has an issue size of ₹ 16.47 crore. This includes a fresh issue of 13,72,800 Shares and an offer for sale (OFS) of NIL.
  • What is the price band of the Grill Splendour Services IPO?
    The price band for the Grill Splendour Services IPO is ₹ 120 per share.
  • What are the bidding dates for the Grill Splendour Services IPO?
    The Grill Splendour Services IPO will open for bidding on 15 Apr 2024 and close on 18 Apr 2024.
  • What is the allotment date for the Grill Splendour Services IPO?
    The allotment date for the Grill Splendour Services IPO is 19 Apr 2024.
  • What is the listing date for the Grill Splendour Services IPO?
    The listing date for the Grill Splendour Services IPO is 23 Apr 2024.
  • What is the Grill Splendour Services IPO grey market premium?
    The grey market premium (GMP) for the Grill Splendour Services IPO is currently at ₹8, with an expected listing gain of approximately 6.67%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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