Grill Splendour Services IPO Allotment Date, Price and GMP

Grill Splendour Services IPO, priced at Rs. 120 per share, opens for subscription on April 15, 2024, with an allotment date set for April 19, 2024, and listing date on April 23, 2024.

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9. Apr 2024
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Grill Splendour Services IPO Allotment Date, Price and GMP















Grill Splendour Services IPO: a fixed price issue of Rs. 16.47 crores, offering 13.73 lakh shares. Subscription opens April 15, 2024, closing on April 18, 2024. Allotment is expected by April 19, 2024, with tentative listing on NSE SME by April 23, 2024. Priced at Rs. 120 per share, with a minimum lot size of 1200 shares, retail investors require a minimum investment of Rs.144,000. HNIs need a minimum investment of Rs. 288,000 for 2 lots (2,400 shares). Inventure Merchant Banker Services Pvt Ltd acts as the lead manager, with Bigshare Services Pvt Ltd as the registrar, and Rikhav Securities as the market maker.

Highlights

 

About Grill Splendour Services Limited

Grill Splendour Services Limited, established in November 2019, is a Mumbai-based chain of gourmet bakeries and patisseries. With 17 retail outlets, a centralized production unit, and corporate clientele, it acquired Birdy's Bakery and Patisserie in November 2019 to expand its hospitality footprint. The product line includes cakes, pastries, food items, beverages, and desserts. Managing delivery logistics with 4 vehicles fueled by local petrol pumps, the company employs 77 staff across departments as of February 29, 2024.

Grill Splendour Services IPO Allotment Date

Grill Splendour Services Limited is gearing up for its IPO scheduled to be available for subscription from April 15th to April 18th, 2024. Allocation of shares is set for April 19th, 2024, with the IPO slated for listing on the stock exchanges on April 23rd, 2024.

Grill Splendour Services IPO Timeline

IPO Open Date: The subscription period for the Grill Splendour Services IPO commences on April 15, 2024, allowing investors to apply for shares.

IPO Close Date: Investors need to submit their IPO applications by April 18, 2024, as the subscription period closes on this date.

Basis of Allotment: On April 19, 2024, the basis of allotment for the Grill Splendour Services IPO will be determined, outlining the allocation of shares to investors.

Initiation of Refunds: Refunds for unsuccessful IPO applicants will be initiated on April 22, 2024. Applicants who did not receive allotment will receive their refunds.

Credit of Shares to Demat: Shares allotted to successful IPO applicants will be credited to their Demat accounts on April 22, 2024.

Listing Date: The Grill Splendour Services IPO shares are expected to be listed on the stock exchange for trading on April 23, 2024.

Cut-off Time for UPI Mandate Confirmation: Investors must confirm their UPI mandates before 5 PM on April 18, 2024, to participate in the IPO subscription process.

Grill Splendour Services IPO Details

IPO Date 15th to 18th April 2024
Listing Date 23rd April 2024
Face Value Rs. 10 per share
Price Band Rs. 120 per share
Lot Size 1200 Shares
Total Issue Size 1,372,800 shares (aggregating up to Rs. 16.47 Cr)
Fresh Issue 1,372,800 shares (aggregating up to Rs. 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 (Restated)

Between the financial years ending March 31, 2022, and March 31, 2023, Grill Splendour Services Limited experienced a significant surge in revenue, up by 32.92%, and a remarkable increase in profit after tax (PAT), soaring by 5654.34%.

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 Rs. Lakhs

 

Grill Splendour Services IPO FAQs

What is Grill Splendour Services IPO?

Grill Splendour Services IPO is the initial public offering launched by Grill Splendour Services Limited, a Mumbai-based chain of gourmet bakeries and patisseries.

When Grill Splendour Services IPO will open for apply?

Grill Splendour Services IPO will open for subscription on Monday, April 15, 2024.

What are the minimum lot size and investment needed for participating in the Grill Splendour Services IPO?

The minimum lot size for an application in Grill Splendour Services IPO is 1200 shares, with a minimum investment of Rs. 144,000 for retail investors.

When is Grill Splendour Services IPO allotment date?

The allotment for Grill Splendour Services IPO is expected to be finalized on Friday, April 19, 2024.

What is the Grill Splendour Services IPO listing date?

Grill Splendour Services IPO is scheduled to be listed on the NSE SME platform on Tuesday, April 23, 2024.

What is the price band of Grill Splendour Services IPO?

The price band for the Grill Splendour Services IPO is fixed at Rs. 120 per share.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions. The accuracy and completeness of the information cannot be guaranteed, and any reliance on the information provided is at the reader's own risk.

Note - We can not guarantee that the information on this page is 100% correct. Some article is created with help of AI.

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