Grill Splendour Services Limited IPO Closed
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About Grill Splendour Services Limited
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.