Grill Splendour Services IPO (Birdy’s IPO) Dates,Price,GMP,Subscription And All Key Point

Grill Splendour Services IPO (Birdy’s IPO) Dates opens for subscription on April 15, 2024, and closes on April 18, 2024. Birdy’s IPO price is ₹120 per share. Birdy’s IPO GMP Today is ₹8 on the grey market, subscription status data has not been yet till now. For now all the details of Birdy’s IPO see below.
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Grill Splendour Services IPO (Birdy's IPO)
Grill Splendour Services IPO (Birdy’s IPO) all details – ipogmptoday.in

Grill Splendour Services IPO (Birdy’s IPO) Dates and Details

Birdy's IPO Details
IPO Open Date Monday, April 15, 2024
IPO Close Date Thursday, April 18, 2024
Basis of Allotment Friday, April 19, 2024
Initiation of Refunds Monday, April 22, 2024
Cut-off time for UPI mandate confirmation 5 PM on April 18, 2024
Credit of Shares to Demat Monday, April 22, 2024
Listing Date Tuesday, April 23, 2024
Face Value ₹10 per share
Price per Share ₹120
Lot Size 1200 Shares
Total Issue Size 1,372,800 shares (₹16.47 Crores)
Fresh Issue 1,372,800 shares (₹16.47 Crores)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Shareholding Pre-Issue 3,835,400 shares
Shareholding Post-Issue 5,208,200 shares
Market Maker Portion 69,600 shares
Book Running Lead Manager Inventure Merchant Banker Services Pvt Ltd
Registrar Bigshare Services Pvt Ltd
Market Maker Rikhav Securities

Grill Splendour Services IPO (Birdy’s IPO) GMP day-by-day

Grill Splendour Services IPO (Birdy’s IPO) GMP Today is ₹8 on the grey market. For day-by-day GMP updates please see the chart below.

GMP Date IPO Price GMP Subject to Sauda Rate Estimated Listing Price Last Updated
18-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) Close Today
17-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 17-Apr-2024
16-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 16-Apr-2024
15-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 15-Apr-2024
14-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 15-Apr-2024
13-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 14-Apr-2024
12-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 12-Apr-2024
11-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 12-Apr-2024
10-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 11-Apr-2024
09-04-2024 ₹120.00 ₹8 7300 ₹128 (6.66%) 10-Apr-2024

Grill Splendour Services IPO (Birdy’s IPO) Subscription Details

Grill Splendour Services IPO Birdy’s IPO subscription details are not available yet, IPO subscription will start on 15th April then you will see its updates here please follow up again from 15th April 2024.

Know About The Grill Splendour Services (Birdy’s)

Grill Splendour Services Limited, established in November 2019, operates as a prominent chain of gourmet bakeries and patisseries in Mumbai. Under the renowned brand name Birdy’s, it manages 17 retail outlets, along with a central manufacturing facility, catering to both individual customers and corporate clients.

In November 2019, Grill Splendour Services Private Ltd. acquired Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited, a strategic move aimed at expanding its footprint within the hospitality industry. They make Cakes and pastries, Food products and Beverages.

For know more see the Grill Splendour Services IPO RHP

Grill Splendour Services IPO (Birdy’s IPO) Promoters Holding

The promoters of Grill Splendour Services Limited include Srinidhi V Rao, Vandana Srinidhi Rao, and Vivek Vijaykumar Sood. Before the issue, their collective shareholding in the company stood at 49.74%. Following the issue, their combined ownership decreased to 36.65%.

Grill Splendour Services Private Ltd (Birdy’s) financial report

Grill Splendour Services Limited witnessed significant revenue growth, soaring by 32.90%, and an impressive surge in profit after tax (PAT), which skyrocketed by 5654.33% between the financial years ending on March 31, 2023, and March 31, 2022.

Parameter FY 2022-2023 FY 2021-2022 FY 2020-2021 FY 2019-2020
Assets 2,211.55 764.22 290.57 265.96
Revenue 885.66 1,531.63 1,152.29 825.23
Profit After Tax 61.66 199.12 3.47 -3.64
Net Worth 494.99 200.78 1.68 -1.78
Reserves and Surplus 111.45 199.78 0.68 -2.77

The reason for the issue of Birdy’s IPO

The objectives of the Birdy’s IPO, as outlined by Grill Splendour Services Limited, are as follows:

  1. To support additional working capital requirements.
  2. To pre-pay or repay certain outstanding borrowings of the company, either in full or in part.
  3. To address general corporate purposes.

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FAQs (Frequently Asked Questions) about Grill Splendour Services IPO (Birdy’s IPO)

When does the Grill Splendour Services IPO (Birdy’s IPO) subscription open and close?

The subscription for Birdy’s IPO opens on April 15, 2024, and closes on April 18, 2024.

What is the IPO price of Birdy’s IPO?

The IPO price of Birdy’s IPO is ₹120 per share.

What is the Grey Market Premium (GMP) for Birdy’s IPO?

The GMP for Birdy’s IPO is ₹8 on the grey market as of today.

Where can I find day-by-day updates on the GMP for Birdy’s IPO?

You can find day-by-day updates on the GMP for Birdy’s IPO in the provided chart.

Are subscription details available for Birdy’s IPO?

Subscription details for Birdy’s IPO are not yet available. They will be updated once the IPO subscription begins on April 15, 2024.

Who are the promoters of Grill Splendour Services Limited?

The promoters of Grill Splendour Services Limited are Srinidhi V Rao, Vandana Srinidhi Rao, and Vivek Vijaykumar Sood.

What is the shareholding pattern of the promoters before and after the IPO?

Before the issue, the collective shareholding of the promoters was 49.74%. After the issue, it decreased to 36.65%.

What are the financial highlights of Grill Splendour Services Limited?

Grill Splendour Services Limited witnessed significant revenue growth of 32.90% and a remarkable surge in profit after tax (PAT) by 5654.33% between the financial years ending on March 31, 2023, and March 31, 2022.

What are the objectives of Birdy’s IPO?

The objectives of Birdy’s IPO include supporting additional working capital requirements, pre-paying or repaying certain outstanding borrowings, and addressing general corporate purposes.

Disclaimer:

The information provided here regarding Grill Splendour Services IPO (Birdy’s IPO) is sourced from ipogmptoday.in for informational purposes only. While we strive to ensure the accuracy and reliability of the information presented, we do not guarantee its completeness or correctness. Investors are advised to conduct their own research and consult with financial advisors before making any investment decisions. Investing in IPOs carries inherent risks, and past performance is not indicative of future results. ipogmptoday.in and its affiliates do not accept any liability for any loss or damage arising from reliance on the information provided herein.

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