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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹16.47 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹16.47 Cr |
| Fresh Issue | ₹15.64 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹120.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | BIRDYS |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Inventure Merchant Banker Services... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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 areas
The 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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional Working capital requirements | 1.00 |
| 2 | Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by our Company; and | 11.15 |
| 3 | General Corporate Purposes | 3.95 |
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.12 | 7.64 | 2.91 | 2.66 |
| Total Income | 8.86 | 15.32 | 11.52 | 8.25 |
| Profit After Tax | 0.62 | 1.99 | 0.03 | -0.04 |
| NET Worth | 4.95 | 2.01 | 0.02 | -0.02 |
| Reserves and Surplus | 1.11 | 2.00 | 0.01 | -0.03 |
| Amount in ₹ Crore | ||||
| KPI | Nov 30, 2023 |
|---|---|
| Debt / Equity | 1.50% |
| RoNW | 12.46% |
| PAT Margin | 6.96% |
| Price to Book Value | 9.30 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.19 | 1.78 |
| P/E (x) | 23.12 | 67.58 |
| Promoter Holding | 49.75% | 36.64% |
| Market Cap | ₹62.50 Cr. | |
