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Grill Splendour Services Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Grill Splendour Services Ltd IPO

Registered Office: J1 S.S.Vinayak Pre-CoopSoc Ltd,C-105 1Flr Plot 8 Antop Hill , Mumbai - 400037 , Maharashtra , India.
Phone : +91 22 5002 9517   Fax:
Email :  ipo@birdys.in  
Website :  www.birdys.in
Initial public offering of up to 13,72,800 equity shares of (Rs)10 each ("Equity Shares") of Grill Splendour Services Limited ("GSSL" or the "Company") for cash at a price of (Rs)120 per equity share (the "Offer Price"), aggregating to (Rs)16.47 crores ("The Offer"). of the offer, 69,600 equity shares aggregating to (Rs)0.84 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 13,03,200 equity shares of face value of (Rs)10.00 each at an offer price of (Rs)120.00 per equity share aggregating to (Rs)15.64 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.34% and 25.02%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is (Rs)10.00 each and the offer price of (Rs)120.00 is 12.00 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
15-Apr-24 18-Apr-24 (Rs)120.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 16.10
Inventure Merchant Banker Services Pvt Ltd
Project Financed through Current Offer 16.47  
Post Issue Equity Share Capital 5.21  
Issue Price (Rs)120.00  
 
Projects
Funding additional working capital requirementsGeneral corporate purposes
Pre-payment/Repayment in full or part of certain outstanding borrowings by the company
Promoted By
Srinidhi V Rao  
Vandana Srinidhi Rao  
Vivek Vijaykumar Rao  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd