Grill Splendour Services Limited IPO
- IPO Date15 Apr, 2024 to 18 Apr, 2024
- Listing Date23 Apr, 2024
- Face Value₹10 per share
- Issue Price₹120 to ₹120 per share
- Lot Size1200 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size13,72,800 Shares
(aggregating up to ₹16.47 Cr) - Fresh Issue13,72,800 Shares
(aggregating up to ₹16.47 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue38,35,400
- Shareholding post issue52,08,200
IPO Dates
Closing Date
18 Apr, 2024
Initiation of Refunds
22 Apr, 2024
Listing Date
23 Apr, 2024
15 Apr, 2024
Opening Date
19 Apr, 2024
Basis of Allotment
22 Apr, 2024
Credit of Shares
Grill Splendour Services Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,44,000 |
| HNI (Min) | 2 | 2400 | ₹2,88,000 |
| Retail (Max) | 1 | 1200 | ₹1,44,000 |
Grill Splendour Services Limited Promoter Holding
The promoters of the company are Srinidhi V Rao, Vandana Srinidhi Rao and Vivek Vijaykumar Sood
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 49.75% | 36.64% |
Grill Splendour Services Limited COMPANY INFORMATION
Grill Splendour Services IPO is a fixed price issue of Rs 16.47 crores. The issue is entirely a fresh issue of 13.73 lakh shares. Grill Splendour Services IPO opens for subscription on April 15, 2024 and closes on April 18, 2024. The allotment for the Grill Splendour Services IPO is expected to be finalized on Friday, April 19, 2024. Grill Splendour Services IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 23, 2024. Grill Splendour Services IPO price is ₹120 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹288,000. Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Grill Splendour Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Grill Splendour Services IPO is Rikhav Securities. Refer to Grill Splendour Services IPO RHP for detailed information.
Incorporated in November 2019, Grill Splendour Services Limited is a chain of gourmet bakeries and patisseries in Mumbai, with 17 retail stores, a centralized production facility, and multiple corporate clients.
Grill Splendour Services Private Ltd. acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited in November 2019 to expand their reach in the hospitality industry.
The product portfolio of the company can be divided into the following:-
- Cakes & Pastries
- Food Sale
- Beverages;
- Desert Sales
The company manages its delivery logistics with 4 vehicles that run on fuel sourced from local petrol pumps.
As of February 29, 2024, the company employs 77 in various departments.
FAQs About Grill Splendour Services Limited Ipo
Grill Splendour Services Limited IPO will open on 15 Apr, 2024 and close on 18 Apr, 2024. Investors must apply within this period to participate.
The Grill Splendour Services Limited IPO price band is set between ₹120.00 and ₹120.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹144000.00.
The Grill Splendour Services Limited IPO shares are expected to be listed on 23 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Grill Splendour Services Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Grill Splendour Services Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.