Grill Splendour Services Ltd IPO

Grill Splendour Services is launching an INR 1,647.36 lakhs IPO with 13,72,800 shares at INR 50 each to boost working capital, repay debts, support corporate functions & growth.

Important Details

Date: April 15 to April 18 2024 Listing Date: April 23, 2024 Price: INR 120 per share Lot Size: 1200 Shares Total Issue Size: INR 1,647.36 lakhs

Fundamental Analysis

Grill Splendour Services shows Revenue initially up, then dropped, profitability and equity improved,  but return on net worth declined, indicating mixed performance.

Peer Comparison

Grill Splendour’s, Moderate revenues & net profit, Westlife Foodworld, Substantial revenue growth,Sapphire Foods: Consistent income,Jubilant Foodworks: Significant revenue & profitability.

Objective

Grill Splendour's main objective is to Address funding needs for working capital, pre-pay/repay borrowings for financial stability and flexibility.

Risks And Challenges

Grill Splendour's risks include Managing rapid expansion, reliance on top retail customers, adapting to changing consumer preferences amid food delivery rise.

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