This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding additional working capital requirements
Pre-payment/repayment, in full or part, of certain outstanding borrowings availed by the company
Strengths & Weaknesses of Grill Splendour Services Limited
Strong brand recognition
The brand Birdy’s was initially established as “Birdy’s by Taj”. It was later acquired by WAH Restaurants and subsequently acquired by the company. The primary objective of the company was to restore the quality and reputation of the brand
Chain of Stores
The company is a chain of gourmet bakery and patisserie spread across Mumbai and Thane through 17 retail stores, a centralized production facility and multiple corporate clients
Customer relationships
The company operates a chain of gourmet bakeries and patisseries across Mumbai and Thane, comprising 17 retail stores, a centralized production facility, and serving multiple corporate clients
Highly competitive industry
The company operates in a fiercely competitive industry, and its revenues, profits, or market share could be negatively impacted if it fails to compete effectively
Geographically concentrated
The business is concentrated geographically in Mumbai, Maharashtra. Any loss or shutdown of operations at any of the facilities in this area may have an adverse effect on the business
Negative cash flow
The company experienced negative cash flow from operating activities in recent fiscal periods. Sustained negative cash flow could adversely impact the business
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Grill Splendour Services Limited
Grill Splendour Services was incorporated on November 29, 2019. It operates a chain of gourmet bakeries and patisseries spread across Mumbai, with 17 retail stores, a centralized production facility, and several corporate clients. Out of these 17 retail stores, 5 operate under the franchise model, while the remaining 12 are owned by the company.
Promoter
Srinidhi V Rao
Promoter
Vandana Srinidhi Rao
Promoter
Vivek Vijaykumar Sood
Grill Splendour Services Limited IPO FAQs
What is Grill Splendour Services Limited IPO?
Grill Splendour Services Limited IPO refers to the initial public offering of shares by Grill Splendour Services Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Grill Splendour Services Limited IPO?
For Grill Splendour Services Limited IPO the issue size is ₹16 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Grill Splendour Services Limited IPO?
For Grill Splendour Services Limited IPO the minimum investment is ₹1,44,000. The minimum investment for Grill Splendour Services Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Grill Splendour Services Limited IPO?
For Grill Splendour Services Limited IPO the lot size is 1200 shares. The lot size of Grill Splendour Services Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Grill Splendour Services Limited IPO on Share.Market?
To apply for Grill Splendour Services Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Grill Splendour Services Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Grill Splendour Services Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Grill Splendour Services Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Grill Splendour Services Limited IPO?
For Grill Splendour Services Limited IPO the allotment date is April 19, 2024. The allotment date of Grill Splendour Services Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Grill Splendour Services Limited IPO?
For Grill Splendour Services Limited IPO, the subscription opens on April 15, 2024 and closes on April 18, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.