Issue Price
₹120
Per Share
GMP
NIL
Grey Market
Est. Listing
₹120
Expected Price
Min. Application
₹288,000
2 lots × 1200 shares
Established in November 2019, Grill Splendour Services Limited is a chain of gourmet bakeries and patisseries in Mumbai with 17 retail outlets, a central manufacturing facility, and several corporate clients operating under the brand name Birdy's.Grill Splendour Services Private Ltd. acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited in November 2019 to expand its reach in the hospitality industry.The company's product portfolio can be divided into the following areasCakes and pastriesSale of food productsBeveragesSale of dessertsThe company has 17 retail stores, 5 of which are operated under a franchise model (franchisee-owned, and company-operated), while the remaining 12 stores are owned by the company.As of February 29, 2024, the company employed 77 people in various departments.
Grill Splendour Services Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 69,600 | — | ₹0.84 Cr | — |
| TOTAL | 1,372,800 | 100.00% | ₹16.47 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹144,000 |
| Retail (Max) | 13 | 15,600 | ₹1,872,000 |
| sNII (Min) | 14 | 16,800 | ₹2,016,000 |
| bNII (Min) | 68 | 81,600 | ₹9,792,000 |
| Particulars | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 885.64 | 1531.62 | 1152.27 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 61.65 | 199.10 | 3.46 |
| Net Worth | 494.98 | 200.79 | 1.69 |
| Total Assets | 2211.54 | 764.02 | 290.59 |
| Reserves & Surplus | 111.44 | 199.79 | 0.69 |
| Total Borrowings | N/A | N/A | N/A |