Grill Splendour Services Limited

Company Profile
Company Name Grill Splendour Services Limited
Open Date 15-04-2024
Close Date 18-04-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹120 per share
Issue Size 13,72,800 shares
Application Amount ₹1,44,000
Recommendation Avoid
Founded in 2019, Grill Splendour Services Limited has its registered office in Mumbai, Maharashtra, India. The company is a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee-owned, and companyoperated) and the rest 12 stores are owned by the company. The company offers fresh food products from traditional to ‘made to order’ as required by the Customers. As of February 29, 2024, the company had a total of 77 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Nov-23
Total Assets 265.98 290.59 764.02 2,211.54
Net Assets -1.77 1.69 200.79 494.98
Total Borrowings 97.32 134.52 300.23 1,494.06
Total Revenue 825.22 1,152.27 1,531.62 885.64
Profit After Tax -3.63 3.46 199.10 61.65

Tentative Timeline

Opening Date 15-04-2024
Closing Date 18-04-2024
Basis of Allotment 19-04-2024
Initiation of Refunds 22-04-2024
Credit of Shares to Demat 22-04-2024
Listing Date 23-04-2024

Objects of the Issue

Repayment in full or in part, of certain outstanding borrowings
To meet additional working capital requirements.
General corporate purposes.

Contact Information

Registered Office Grill Splendour Services Limited J1, Shram Siddhi Vinayak Premises Co-Op Soc Ltd C1 1st Floor, Plot - 8, Wadala Truck Terminal Road, Antop Hill, Mumbai - 400 037
Phone +91 22 5002 9517

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Retail Shares Offered 50% of the Net Issue
Other Shares Offered 50% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 49.75%
Share Holding Post Issue (Promoters) 36.64%

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