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Grill Splendour Services SME IPO Details, Financials, Valuation & Peers
By IPOBase •Last 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.
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
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.
| Fields | Details |
|---|---|
| IPO Dates | 15 Apr - 18 Apr 2024 |
| IPO Price Band | ₹ 120 per share |
| Fresh Issue | 13,72,800 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 16.47 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 15 Apr 2024 |
| IPO Closing Date | 18 Apr 2024 |
| Basis Of Allotment | 19 Apr 2024 |
| Refunds | 22 Apr 2024 |
| Demat Transfer | 22 Apr 2024 |
| IPO Listing Date | 23 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Nov 2023 |
|---|---|---|---|---|
| Total Income | 8.25 | 11.52 | 15.32 | 8.86 |
| Total Expenses | 8.13 | 11.26 | 12.41 | 7.75 |
| Net Profit/Loss | -0.04 | 0.03 | 2.0 | 0.62 |
| NPM (*) | -0.44 | 0.30 | 13.0 | 6.96 |
| Total Assets | 2.66 | 2.91 | 7.64 | 22.12 |
| Total Liabilities | 2.68 | 2.89 | 5.63 | 17.17 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Nov 2023 |
|---|---|---|---|---|
| EPS | -36.30 | 34.60 | 1991.0 | 1.61 |
| ROE (%) | Negative | Negative | 99.16 | 12.46 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 0.69 | 0.85 | 0.97 | 1.51 |
| EBITDA MARGIN (%) | 1.54 | 2.29 | 18.97 | 12.46 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Grill Splendour Services Limited | 15.32 | 9.10 | 13.19 | 99.16 | 9.02 |
| Westlife Foodworld Limited | 2,298.50 | 112.36 | 7.16 | 19.72 | 22.15 |
| Sapphire Foods India Limited | 1,962.78 | 42.77 | 36.70 | 18.60 | 7.95 |
| Jubilant Foodworks Limited | 5,095.99 | 83.80 | 5.35 | 17.32 | 14.52 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 4.59 |
| Retail Individual Investor (RII) | 12.78 |
| Total | 8.68 |
* 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.