Craving a taste of luxury? Look no further than Grill Splendour Services Limited, the company behind Mumbai's beloved Birdy's Bakery and Patisserie! Established in 2019, Grill Splendour is taking its delectable treats public with an IPO (Initial Public Offering).
Here's a sneak peek at what they offer:
17 Sweet Locations: Birdy's boasts 17 charming retail stores across Mumbai, making it easy to grab a sweet treat wherever you are in the city.
Central Hub of Deliciousness: They have a central production facility, ensuring consistent quality and freshness in every pastry and cake.
Corporate Clients: They don't just cater to walk-in customers! Birdy's also serves a delightful selection of treats to corporate clients, keeping your office meetings extra special.
A World of Flavors: Their product range is a paradise for gourmands, offering delectable cakes, pastries, beverages, and a variety of food items to tantalize your taste buds.
This IPO could be your chance to be a part of Birdy's exciting growth story! Stay tuned for further details about the IPO dates and how you can be a part of this delicious venture.
Birdy's IPO: Key Details at a Glance
Here's a quick breakdown of Birdy's IPO to help you decide if it tickles your fancy:
Detail | Information |
IPO Dates | April 15, 2024 - April 18, 2024 |
Listing Date | To be announced (represented by "[.]" in the original text) |
Face Value | ₹10 per share |
Issue Price | ₹120 per share |
Lot Size | 1200 Shares |
Total Issue Size | ₹16.47 Crore (1,372,800 shares) |
Issue Type | Fixed Price Issue IPO |
Listing Exchange | NSE SME |
Pre-Issue Promoter Holding | 3,835,400 Shares |
Post-Issue Promoter Holding | 5,208,200 Shares |
Market Maker | Rikhav Securities (69,600 shares) |
Reservation of Shares | See Table Below |
Investor Category | Percentage of Shares Offered |
Retail Individual Investors | 50% |
Other Investors (Institutional & HNI) | 50% |
IPO Timeline (Tentative):
Takeoff: Bidding starts on Monday, April 15th, 2024 and closes on Thursday, April 18th.
Fasten Your Seatbelts: Allotment decisions are expected on Friday, April 19th.
Refunds & Share Delivery: If you aren't allotted shares, refunds will be initiated on Monday, April 22nd.
Credit of Shares: For successful applications, your shares will be credited to your Demat account on the same day.
Touchdown on NSE SME! The tentative listing date is Tuesday, April 23rd. Don't miss it!
Important Note: Ensure UPI mandate confirmation by 5 PM on April 18th to avoid delays.
How Much Can I Invest?
Birdy's offers investment opportunities for both retail investors and HNIs (High Networth Individuals).
Retail Investors: Invest in a minimum of 1 lot (1200 shares) for ₹144,000.
HNIs: Grab a minimum of 2 lots (2400 shares) for ₹288,000. You can invest in multiples of the lot size.
Promoter Holding:
Before you invest, it's important to understand the promoter holding:
Pre-IPO: Promoters hold 49.75% of the company's shares.
Post-IPO: Promoter holding will decrease to 36.64%.
Birdy's on the Rise: Delectable Financials!
Birdy's, the bakery chain behind Grill Splendour Services Limited, is looking sweet with its recent financial performance. Here's a quick breakdown for easy understanding:
Soaring Sales and Profits:
Revenue took a big bite out of last year's numbers, jumping a whopping 32.92%!
Even more impressive, their profit after tax (PAT) skyrocketed a massive 5,654.34% compared to the previous year!
Growth on a Plate:
This financial information shows Birdy's is on a growth trajectory. Their revenue and profits are climbing steadily, indicating a strong business.
Financial Snapshot (as of Nov 30, 2023):
Market Capitalization: ₹62.5 Crore (This represents the total value of the company if all its shares were sold)
Debt to Equity Ratio (1.5): This means Birdy's has a moderate amount of debt compared to the money they own (equity). This can be a good sign, but it's important to consider other factors too.
Return on Net Worth (RoNW) 12.46%: This indicates Birdy's is generating a good return on the money invested by the owners.
Price to Book Value (P/BV) 9.3: This ratio suggests the stock price is currently trading higher than the company's book value (net assets).
Profit After Tax (PAT) Margin 6.96%: This means for every ₹100 of revenue, Birdy's keeps about ₹7 as profit after taxes.
Remember: This is a simplified look at Birdy's financials. It's important to do your own research before making any investment decisions.
Birdy's IPO: Where's the Dough Going?
So, you're curious how Birdy's plans to use the money raised from the IPO? Here's a breakdown of their goals:
Stocking Up for Success: Part of the funds will go towards their working capital needs. This ensures they have enough supplies to keep those ovens baking and shelves stocked!
Paying Off Debt: Birdy's also plans to use some of the proceeds to pay down or even eliminate some of their existing loans. This can improve their financial health in the long run.
Investing in the Future: The remaining funds will be used for general corporate purposes. This could include things like investing in new bakery locations, expanding their product offerings, or improving their technology.
By using the IPO funds strategically, Birdy's aims to grow their business and become an even sweeter success story.
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