Grill Splendour Services Private Ltd. operates a chain of gourmet Bakery and Patisserie outlets across Mumbai. It has 17 retail stores and a centralized production facility. With 5 franchisee-owned and company-operated stores and 12 owned by the company itself, they offer fresh food products, from traditional to made-to-order. Founded in November 2019, the company acquired the bakery and confectionary business, including the Birdy's Bakery and Patisserie brand, from WAH Restaurants Private Limited. They offer cakes & pastries, food, beverages, and desserts.;

Founded in

2019

MD/CEO

Mr. Srinidhi V Rao

Parent organisation

Grill Splendour Services Ltd

Grill Splendour Financials

Revenue

Total Assets

Profit

All values are in ₹ Cr

Strengths & Risks

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.

Application details

For Grill Splendour IPO, eligible investors can apply as Regular.

Apply as	Price band	Apply range	Lot size
Regular	₹120 - ₹120	₹2 - ₹5 Lakhs	1200
High Networth Individual	₹120 - ₹120	₹2 - ₹5 Lakhs	1200

Frequently Asked Questions

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