Grill Magnificence Provisions IPO Closes Today: Verify the Most Recent Subscription Information, GMP Now
Grill Splendour Services IPO: Investors have responded favorably to Grill Splendour Services Ltd.’s initial public offering, which will conclude on April 18. A fixed price of Rs 120 per share was set for it. The Rs 16.47-crore SME IPO attracted 4.64 times the subscription up to 10:34 am on the last day of bidding on Thursday, resulting in offers for 60,44,400 shares vs the 13,03,200 shares that were on sale.
On April 15, the public may sign up for the Girdy’s IPO, also known as Grill Splendour Services IPO.
The NII category received 1.49 times the subscription, compared to 7.79 times for the retail quota.
The shares of the Grill Splendour Services Initial Public Offering (IPO) will be allotted on April 19, and on April 23, the shares will be listed on NSE SME.
GMP Today for Grill Splendour Services IPO
Market watchers report that unlisted shares of Grill Splendour Services Ltd. are selling on the gray market for Rs. 8 more than the company’s issue price. The grey market anticipates a 6.67% listing gain from the public offering, as shown by the Rs 8 gray market premium, or GMP. The GMP is dynamic and dependent on market mood.
The willingness of investors to pay above the issue price is shown by the “grey market premium.”
Details about Grill Splendour Services’ IPO
The fixed-price Rs 16.47 crore Grill Splendour Services IPO is a completely new offering of 13.73 lakh shares.
The price of a share in Birdy’s IPO is Rs 120. An application must have a minimum lot size of 1,200 shares. Retail investors are needed to invest a minimum of Rs 1,44,000. For HNIs, the minimum lot size investment is two lots (2,400 shares), or Rs 2,88,000.
The registrant of the Birdy IPO is Bigshare Services Pvt Ltd, while the book-running lead manager is Inventure Merchant Banker Services Pvt Ltd. For Birdy’s IPO, Rikhav Securities is the market maker.
Founded in November 2019, Grill Splendour Services Limited is a network of upscale bakeries and patisseries in Mumbai that operates under the Birdy’s brand. The company has 17 retail locations, a central production plant, and a number of corporate customers.
In the fiscal year 2022-2023, it had a 32.92 percent increase in revenue and a 5,654.34 percent increase in profit after tax (PAT).
