Grill Splendour Services IPO Details Today, GMP Price, Date, Review

Grill Splendour IPO GMP Today, Grey Market Premium

Our Business

Incorporated in November 2019 We are a chain of gourmet Bakery and Patisserie Spread Across Mumbai Through 18 Retail stores, a Centralized Production Facility and Multiple Corporate clients.

We offer freshly prepared treats from traditional to ‘made to order’ customized products. These products are hand crafted with love and passion. Both our Promoters individually have 30+ years of experience in Hospitality industry.

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 us vide above referred Acquisition Agreement. The primary focus of our Company was to bring back the quality and sheen of the brand. We did that over a period of last few years by a series of initiatives.

Grill Splendour Services IPO Date & Price Band Details

IPO Open Date April 15, 2024
IPO Close Date April 18, 2024
IPO Size 1,372,800 shares (Appprox ₹16.47 Cr)
Fresh Issue 1,372,800 shares (Appprox ₹16.47 Cr)
Lot Size 1200 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹120 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here

Grill Splendour Services IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹144,000
Retail Maximum 1 1200 ₹144,000
S-HNI Minimum 2 2400 ₹288,000

OBJECTS OF THE OFFER

  1.  Funding additional Working capital requirements.
  2.  Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by our Company.
  3. General Corporate Purposes.

Grill Splendour Services IPO Allotment & Listing Date (Details)

IPO Open Date 15 April 2024
IPO Close Date 18 April 2024
Basis of Allotment 19 April 2024
Refunds 22 April 2024
Credit to Demat Account 22 April 2024
IPO Listing Date 23 April 2024

Grill Splendour Services Financial Reports

₹ in Lakhs
Year Revenue Networth PAT
30 Nov 2023 ₹885.64 ₹494.98 ₹61.65
2023 ₹1,531.62 ₹200.79 ₹199.10
2022 ₹1,152.27 ₹1.69 ₹3.46
2021 ₹825.22 ₹-1.77 ₹3.63

Our Company Promoters-

  •  Srinidhi V Rao
  •  Vandana Srinidhi Rao
  •  Vivek Vijaykumar Sood

Grill Splendour Services Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Crores)
Grill Ltd. 10 13.19 9.10 99.16% 13.30 15.32
Peer Group
Westlife Foodworld Ltd. 2 7.16 106.02 19.72% 36.29 2298.50
Sapphire Foods Ltd. 10 36.70 41.38 18.60% 197.33 1962.78
Jubilant Foodworks Ltd. 2 5.35 87.34 17.32% 30.88 5095.99

 

Peer Competitors – Comparison

  • Westlife Foodworld
  • Sapphire Foods
  • Jubilant Foodworks

Grill Splendour Services Lead manager

Inventure Merchant Banker Services Private Limited
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End)
Western Express Highway, Andheri (East)
Mumbai – 400069, Maharashtra
Tel No: +91 22 4075 1500
Email: compliance@inventuremerchantbanker.com
Investor Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com

 

Grill Splendour Services Company Contact Details

J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C-105, 1st
Floor, Plot – 8, Wadala Truck Terminal Road, Antop Hill,
Mumbai – 400 037, Maharashtra, India
E-mail: ipo@birdys.in
Tel: +91 22 5002 9517
Website: www.birdys.in

Grill Splendour Services IPO Registar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Babu Rapheal C.

 

About Grill Splendour Services-

 

We are Engaged in Categories of Products

  • Cakes & Pastries
  • Food Sale
  • Beverages
  • Desert Sales

 

Our Products & Services

 

Cakes & Pastries – Our Cakes and Pastries are known for their freshness and quality of ingredients. Birdy’s is the first choice for customers when they are looking to purchase a cake. Products like New York Chocolate and Dutch Truffle have been the largest selling products for decades. These are our hallmark products.

 

Food Sale – Savories like Croissants, Puffs, Sandwiches, Quiches are all a part of the savory food offering at Birdy’s. These are made fresh every day and dispatched to the stores.

 

Beverages – In Birdy’s stores, we have started products that add to the experience of a dine in café. In these shops we keep India Sourced Arabica blend coffees as well as a range of Cold beverages like milkshakes.

 

Desserts Sales – One Must not ignore the range of desserts that Birdy’s is known for. Different varieties of brownies, cupcakes, muffins and tea cakes are fast movers in our shops. The shops have started to bake cookies inside the shops itself and that adds to the ambience as well as freshness of the product.

Our  Corporates Clients 

Company has reached out and acquired B2B clients viz. Barista, Trent House Bandra, Café Coffee Day, IBIS Hotels, Compass India, Wagh Bakri and MARS restaurants etc. to supply them various food products. The Company has also set corporate sales team to focus on corporate clients. Corporates have requirements of snack boxes, board meeting snacks, gifting, staff cake cutting and many such requirements. The sales team approaches the corporate and offers them customized solutions for the same. Though this business is working capital intensive, it gives better turnover and accordingly adds to our margins by leveraging existing infrastructure.

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