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Grill Splendour IPO
Grill Splendour Services Ltd
₹1,44,000 /1200 sharesMinimum Investment
Grill Splendour IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 15 Apr ‘24 - 18 Apr ‘24 | ₹1,44,000 | 1,200 | ₹120 - ₹120 |
| Issue Size | IPO Doc |
|---|---|
| 16.47Cr | RHP PDF |
About Grill Splendour
Founded in
2019
Managing director
Mr. Srinidhi V Rao
Parent organisation
Grill Splendour Services Ltd
Strengths & Financials of Grill Splendour
Strengths
Risks
The company runs 17 retail stores across Mumbai and Thane, catering to individual customers and corporate clients. After acquiring the Birdy's brand, the company claims to have revamped more than half of its shops, offering features such as seating, music ambience, table service, and a free library, drawing in a fresh dine-in customer base.
As per the company, it has maintained good B2B client relationships to ensure repeat business over the years.
The company reported revenue from operations of Rs. 8.25 cr, Rs. 11.50 cr and Rs. 15.29 cr in FY 2021, 2022 and 2023 respectively. For 2022 the company’s Profit after tax was Rs. 0.03 cr and in 2023 it was Rs. 1.99 cr.
The company operates without long-term contracts with customers, relying instead on purchase orders from walk-in customers. Any loss of customers may significantly impact revenues and profitability.
The company's B2B operations entail significant working capital needs. Inability to sustain an optimal working capital level could adversely affect its operations.
A significant portion of the company's raw material purchases relies on a limited number of vendors, with whom it has has not established service agreements For the periods ending November 30, 2023, March 31, 2023, and March 31, 2022, purchases from the top 10 vendors comprised 26.07%, 54.78%, and 59.69% respectively, of the total purchases.
The company's entire business operations are concentrated in Mumbai, Maharashtra. This geographical concentration exposes it to various risks inherent in the Mumbai region.
The company has obtained certain unsecured loans that lenders can recall at any time.
Grill Splendour Financials
*All values are in Rs. Cr
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Application Details of Grill Splendour IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹120 - 120 | ₹2 - 5 Lakh |
| High Networth Individual | ₹120 - 120 | ₹2 - 5 Lakh |
For Grill Splendour IPO, eligible investors can apply as Regular.