58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Grill Splendour Services Limited IPO Analysis

Grill Splendour Services IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Hotels And Resorts - QSR sector. Inventure Merchant Banker Services Private is the merchant banker of Grill Splendour Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 11th March 2024.

Grill Splendour Services IPO posted revenues of Rs 13.27 crores and PAT of Rs 0.93 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Grill Splendour IPO Financial Performance (Restated)

Financial results of Grill Splendour Services IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Nov-24
FY23
FY22
FY21
Balance Sheet
Assets
22.12
7.64
2.91
2.66

Net Worth
4.95
2.01
0.02
-0.02

Total Debt
14.94
3.01
1.34
0.97

Profit & Loss
Revenue
Revenue on annualised basis
8.84
13.26
15.29
11.50
8.25

EBITDA
EBITDA on annualised basis
1.10
1.65
2.91
0.26
0.13

PAT
PAT on annualised basis
0.62
0.93
1.99
0.03
-0.04

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Grill Splendour IPO Key performance Indicators (KPI)

Grill Splendour Services IPO PAT Margin is 7.01%, ROCE (Return on Capital Employed) is [●]% as per latest financial. The below table shows Grill Splendour Services IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Nov-24
FY23
FY22
FY21

EBITDA Margin (%)
12.44
19.03
2.26
1.58

PAT Margin (%)
7.01
13.02
0.26
-0.48

EPS (Rs.)
[●]
13.19
0.23
-0.24

ROE (%)
12.53
99.00
150.00
200.00

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
2.80
26.05
1.03
-1.50

Debt to Equity (x)  
3.02
1.50
67.00
-48.50

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Grill Splendour Services IPO Valuation Metrics

The market Capitalisation of Grill Splendour Services IPO is Rs 62.50 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
62.50

Enterprice Value (EV) (Rs. Cr.):
76.71

EV/EBITDA (times) :
46.49

PE Multiple (times) :
67.58

P/B (times) :
2.92

NAV (Rs.) :
[●]

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Grill Splendour prospectus?

The Grill Splendour Services IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Grill Splendour IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Grill Splendour Services IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Grill Splendour IPO ?

The post-IPO market capitalisation of Grill Splendour Services IPO is ₹62.50 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Grill Splendour IPO?

The Grill Splendour Services IPO has a Price-to-Earnings (PE) ratio of 67.58 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Grill Splendour Services IPO?

Grill Splendour Services IPO reported revenue of ₹13.27 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Grill Splendour Services IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Grill Splendour Services IPO?

Grill Splendour Services recorded an EBITDA of ₹ 1.65 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Grill Splendour Services IPO?

Grill Splendour Services Profit After Tax (PAT) is ₹0.93 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 13.26 Cr.
            EBITDA: ₹ 1.65 Cr.
            PAT: ₹ 0.93 Cr.
  • EBITDA Margin: 12.44 %
            Pat Margin: 7.01%
  • Net Worth: ₹ 4.95 Cr.
  • Market Capitalisation: ₹ 62.50 Cr.
  • P/E: 67.58 times
  • P/BV: 2.92 times
  • EV/EBITDA: 46.49 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Grill Splendour Services operates in Hotels And Resorts - QSR and Chain Of Gourmet Bakeries And Patisseries. The Issue is listed on NSE EMERGE in Apr, 2024. Grill Splendour Services IPO size was 16.47 with Issue price of 120.00 .

Grill Splendour Services IPO subscription was 8.68 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Grill Splendour Services IPO listed at a listing price of 127.35 against the offer price of 120.00.

The current market price of Grill Splendour Services is 91.30.

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