Grill Splendour Services Limited IPO Closed

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IPO date 15th – 18th Apr 2024
Listing date 23 Apr 2024
Type SME
Price range 120 – 120
Minimum order quantity 1200
(D)RHP View

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Grill Splendour Services Limited is launching its IPO. The offer opens for subscription on April 15, 2024, and closes on April 18, 2024

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.

What does Grill Splendour Services Limited do?

Grill Splendour Services Private Ltd. operates a chain of gourmet Bakery and Patisserie outlets across Mumbai, consisting of 17 retail stores, a central production facility, and corporate clients. Five of these stores operate under a franchise model, while the remaining 12 are owned by the company. The company offers a range of fresh food products, including traditional items and made-to-order options. Its founders each possess over 30 years of experience in the hospitality industry. Grill Splendour Services was established in November 2019 to acquire the bakery and confectionary business, including the Birdy’s Bakery and Patisserie brand, from WAH Restaurants Private Limited.

This acquisition was executed through a Business Transfer and Intellectual Property Assignment Agreement dated December 27, 2019. Originally known as “Birdy’s by Taj,” the brand changed ownership before being acquired by Grill Splendour Services. The company’s primary goal is to restore the quality and reputation of the Birdy’s brand, achieved through various initiatives over the past few years. Their product offerings encompass cakes & pastries, food sales, beverages, and dessert sales.

Schedule/Timeline of Grill Splendour Services Limited IPO

Issue Period 15th April to 18th April 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment April 19, 2024
Initiation of Refunds April 22, 2024
Credit of Shares April 22, 2024
Date of Listing April 23, 2024
Mandate end date May 03, 2024
Anchor Investors Lock-In End Date (50% of the investment) May 19, 2024
Anchor Investors Lock-In End Date (Remaining investment) July 18, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Grill Splendour Services Limited IPO?

You can apply for the Grill Splendour Services Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Grill Splendour Services Limited IPO?

You can check the allotment status for the Grill Splendour Services Limited IPO on the website of the Registrar and Transfer agent.