Grill Splendour Services Limited IPO
Grill Splendour Services Limited IPO
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Grill Splendour Services Limited's completed its IPO journey with a successful listing on NSE on 23-04-2024. The public offering mobilized 13,72,800 Shares in total capital, comprising 13,72,800 Shares in fresh equity.
The offering was conducted within the price band of ₹120 to ₹120, with minimum application lots of 1200 shares. Investor participation during the 15-04-2024 to 18-04-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 19-04-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Grill Splendour IPO About Company
Established in November 2019, Grill Splendour Services Limited has quickly become a distinguished name in Mumbai’s gourmet bakery and patisserie scene, operating 17 upscale retail outlets alongside a centralized production facility. Strengthening its market presence, the company strategically acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited, reinforcing its commitment to growth and excellence. Offering a delectable range of cakes, pastries, desserts, and beverages, Grill Splendour serves both individual and corporate clients, ensuring premium quality and taste. Its well-coordinated logistics, powered by a fleet of four locally fueled vehicles, guarantee timely deliveries. With a team of 77 dedicated professionals, the company continues to set high standards in culinary innovation, quality, and service, solidifying its place in Mumbai’s competitive gourmet landscape.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Grill Splendour IPO Strength Factors
- Legal and Regulatory Risks: Compliance with food safety and business regulations is crucial. Any legal issues or regulatory non-compliance could impact operations.
- Operational Costs: Maintaining 17 retail stores in Mumbai comes with high rental and operational costs, which could affect profitability if not managed efficiently.
- Market Competition: The premium food and hospitality sector in Mumbai is highly competitive. Changing consumer preferences and new market entrants could challenge Grill Splendour’s growth and market share.
Grill Splendour IPO Risk Factors
- Working Capital Management: High capital requirements for inventory and operational expenses could strain liquidity. Implementing efficient cash flow management and credit policies can help mitigate this risk.
- Vendor Diversification: Dependence on a few vendors increases supply chain risks. Expanding the vendor base and establishing backup suppliers can reduce potential disruptions.
- Geographic Expansion: Relying solely on the Mumbai region makes the company vulnerable to local risks. Exploring new markets or delivery models could enhance resilience and long-term stability.
Grill Splendour IPO Lead Manager(s)
- Inventure Merchant Banker Services Private Limited
Grill Splendour IPO Promoter(s)
- Srinidhi V Rao
- Vandana Srinidhi Rao
- Vivek Vijaykumar Sood
Grill Splendour IPO FAQs
Grill Splendour Services Limited IPO subscribed 8.74 times. The public issue subscribed 12.78 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 7:26:00 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Grill Splendour IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Grill Splendour IPO FAQs
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