The Grill Splendour Services date has been confirmed from April 15, 2024 and closes on April 18, 2024. Read the post to learn about Grill Splendour Services IPO GMP.
Grill Splendour Services IPO is a fixed price issue of Rs 16.47 crores. The price is ₹ 120 per share. The application requires a minimum lot size of 1200 Shares. The minimum amount of investment needed by retail investors is ₹ 144,000. The minimum lot size investment for HNI is 2 lots( 2,400 shares) amounting to ₹ 288,000.
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Key Details Of Grill Splendour Services
Bidding Dates
April 15-18
Price Range
₹120 per share
Face Value
₹10 per share
GMP
₹8
Grill Splendour Services IPO GMP
The Grill Splendour Services IPO GMP Today is ₹8.
Grill Splendour Services IPO Overview
The IPO for Birdy is a fixed- price offering for Rs 16.47 crores. The 13.73 lakh shares are being issued completely again. The subscription period for Birdy’s IPO begins on April 15, 2024, and ends on April 18, 2024. It’s anticipated that on Friday, April 19, 2024, the allocation for Birdy’s IPO will be completed. The proposed listing date for Birdy’s original public offering( IPO) on NSE SME is Tuesday, April 23, 2024.
The IPO price of Birdy is ₹ 120 per share. The Grill Splendour Services IPO GMP is ₹8. An application must have a minimum lot size of 1200 shares. Retail investors are demanded to invest a minimum of ₹ 144,000. HNI requires a minimal investment of two lots( 2,400 shares), or ₹ 288,000, as a lot size.
Grill Splendour Services IPO Details
| IPO Date | April 15, 2024 to April 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹120 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,372,800 shares (aggregating up to ₹16.47 Cr) |
| Fresh Issue | 1,372,800 shares (aggregating up to ₹16.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,835,400 |
| Share holding post issue | 5,208,200 |
| Market Maker portion | 69,600 shares |
Grill Splendour Services Limited Financial Information
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,211.54 | 764.02 | 290.59 | 265.98 |
| Revenue | 885.64 | 1,531.62 | 1,152.27 | 825.22 |
| Profit After Tax | 61.65 | 199.10 | 3.46 | -3.63 |
| Net Worth | 494.98 | 200.79 | 1.69 | -1.77 |
| Reserves and Surplus | 111.44 | 199.79 | 0.69 | -2.77 |
| Amount in ₹ Lakhs | ||||
Grill Splendour Services IPO Timeline
| IPO Open Date | Monday, April 15, 2024 |
| IPO Close Date | Thursday, April 18, 2024 |
| Basis of Allotment | Friday, April 19, 2024 |
| Initiation of Refunds | Monday, April 22, 2024 |
| Credit of Shares to Demat | Monday, April 22, 2024 |
| Listing Date | Tuesday, April 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2024 |
Company Profile
Innovated in November 2019, Grill Splendour Services Limited is a Mumbai- based network of upmarket bakeries and patisseries that operates under the Birdy’s brand. It has 17 retail locations, a central manufacturing factory, and a number of commercial guests. In November 2019, WAH Restaurants Private Limited sold Birdy’s Bakery and Patisserie to Grill Splendour Services PrivateLtd. in an effort to grow in the hospitality sector. Of the company’s seventeen retail locations, five are run on a franchise basis( franchisee- owned and company- operated), while the remaining
twelve are company- owned. The company employed 77 individuals across multiple departments as of February 29, 2024. The company’s product portfolio can be divided into the ensuing areas
- Cakes and pastries
- Sale of food products
- Beverages
- Sale of desserts
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Grill Splendour Services Limited |
| Phone number | +91 22 5002 9517 |
| Email ID | [email protected] |
| Website | birdys.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Grill Splendour Services IPO FAQs
When Birdy’s IPO will open?
The Birdy’s IPO opens on April 15, 2024 and closes on April 18, 2024.
What is the lot size of Birdy’s IPO?
Birdy’s IPO lot size is 1200 Shares, and the minimum amount required is ₹144,000.
When is Birdy’s IPO allotment?
The finalization of Basis of Allotment for Birdy’s IPO will be done on Friday, April 19, 2024, and the allotted shares will be credited to your demat account by Monday, April 22, 2024.
When is Birdy’s IPO listing date?
The Birdy’s IPO listing date is not yet announced. The tentative date of Birdy’s IPO listing is Tuesday, April 23, 2024.
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