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SME IPO Status: Listed [15th Apr 2024 to 18th Apr 2024]
Grill Splendour Services IPO, a SME IPO of ₹16.47 Cr was launced on 15-04-2024 to 18-04-2024 and the shares got listed on NSE SME on 23-04-2024.
The public issue of Grill Splendour Services IPO (BIRDYS) was offered at ₹120.00 per share and the ipo was listed at ₹121.30. It has delivered listing gain of 1.08%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 1560.00 per lot return on listing.
| SME IPO Issue Opening Date: | 15th Apr 2024 |
| SME IPO Issue Closing Date: | 18th Apr 2024 |
| SME IPO Issue Price: | ₹120.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹16.47 Cr |
| Fresh Issue: | ₹16.47 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 49.75% |
| Promoter Holding Post IPO: | 36.64% |
| Allotment Status: | Allotment Status |
| NSE Code: | BIRDYS |
Get important updates regarding Grill Splendour Services SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th Apr 2024 |
| Refunds Initiation* | 22nd Apr 2024 |
| Credit of Shares to Demat* | 22nd Apr 2024 |
| SME IPO Listing Date* | 23rd Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹120.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-04-2024 | 120.00 | 8 | 7300 | ₹128 (6.67%) | 23-Apr-2024 10:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Grill Splendour Services Private Ltd. acquired Birdy's Bakery and Patisserie brand from WAH Restaurants Private Limited in November 2019 to expand their hospitality business.
Birdy's Bakery and Patisserie has a presence in Mumbai with a total of 17 retail outlets, in addition to a central production facility and several corporate clients. Out of these 17 retail outlets, 5 follow a franchise model, with both franchisee and corporate ownership, while the remaining 12 outlets are owned by the company itself.
The following are the product categories that the company sells:
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Restaurants | ₹16.47 Cr | https://www.birdys.in/ |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 651,600 (50%) | 651,600 (50%) | 1,303,200 | |
| 1 | 15th Apr 2024 19:31 | 0.38x | 3.94x | 2.16x |
| 2 | 16th Apr 2024 19:31 | 1.30x | 6.69x | 4.00x |
| 3 | 18th Apr 2024 19:31 | 4.59x | 12.78x | 8.68x |
Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Grill Splendour Services Limited | 13.19 | 13.19 | 13.3 | 9.1 | 99.16 | |
| Westlife Foodworld Ltd | 7.16 | 7.16 | 36.29 | 112.36 | 19.72 | Consolidated |
| Sapphire Foods India Limited | 36.7 | 36.7 | 197.33 | 42.77 | 18.6 | Consolidated |
| Jubilant Foodworks Ltd | 5.35 | 5.35 | 30.88 | 83.8 | 17.32 | Consolidated |
Last Updated on 27-Apr-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Grill Splendour Services SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Grill Splendour Services SME IPO with Zerodha.
Alternate approch to apply in Grill Splendour Services SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Grill Splendour Services SME IPO Review and Important Updates
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To subscribe or apply in Grill Splendour Services SME IPO, you can use the following methods:
| Grill Splendour Services SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Grill Splendour Services SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Grill Splendour Services SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Grill Splendour Services SME IPO. Most of the Syndicate Banks provide access to apply in Grill Splendour Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Grill Splendour Services SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Grill Splendour Services SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Grill Splendour Services SME IPO Review and Important Updates
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Grill Splendour Services SME IPO is going to be list on 23-04-2024. NSE Code for Grill Splendour Services is BIRDYS.
Other relevant questions:
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Grill Splendour Services SME IPO Allotment Date is 19-04-2024.
Other relevant questions:
Grill Splendour Services SME IPO share allotment date?Grill Splendour Services SME IPO allotment date?
