Grill Splendour Services IPO opens Monday. All you need to know before subscribing
1) About Grill Splendour Services
Grill Splendour is a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralised production facility, and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company-operated), and the rest 12 stores are owned by the company.
2) Industry Overview
India’s food service sector is one of the vibrantly growing segments that have witnessed noticeable growth in the past few years. The sector, including both organised and unorganized segments, stood at Rs 4,23,865 crore in 2018-19. The sector is expected to reach $79.65 billion by 2028, with a CAGR of 11.19%, according to the DRHP.
3) Grill Splendour Services IPO size
The IPO is entirely a fresh equity issue of 13.7 lakh shares and through the issue, the company aims to raise nearly Rs 16.5 crore.
4) Grill Splendour Services IPO price band
The company is offering its shares at Rs 120 apiece, and investors can bid for 1200 shares in 1 lot.
5) Grill Splendour Services IPO financial performance
For the period ended November 2023, the company clocked revenues of Rs 9 crore and net profit of Rs 61 lakh.
Also Read: IPO Calendar: 2 new issues, 2 listings on investors' radar for next week
6) Objects of the offer
The net proceeds from the public offer will be used for funding working capital requirements, repayment of debt, general corporate purposes, and public issue expenses.
7) Lead managers and Registrar
Inventure
