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Grill Splendour Services Limited IPO Review

Grill Splendour Services Limited Ipo operate a network of 17 gourmet Bakery and Patisserie outlets across Mumbai, comprising 12 company-owned stores alongside 5 franchise-operated locations, in addition to serving various corporate clients from their centralized production facility. Grill Splendour Services Private Ltd. was established as a hospitality company with the purpose of taking over the bakery and confectionery business, including the Birdy’s Bakery and Patisserie brand, from WAH Restaurants Private Limited. This transfer was accomplished through a Business Transfer and Intellectual Property Assignment Agreement.

Grill Splendour Services Limited Products and Services

Grill Splendour Services Limited engaged in cakes and pastries, Food Sale, Beverages, Dessert Sales. They make their Cakes and Pastries using top-notch ingredients like Cake Premixes, Sugar, and Butter, along with a diverse range of add-ins such as fruits and flavors like chocolate and vanilla. Birdy’s Bakery is a go-to option for customers seeking delicious cakes.

Grill Splendour Services Pvt Ltd Competitive Strengths are Strong Brand recognition, Chain of Stores spread across Mumbai region, Experienced Promoter, and management team with strong industry expertise, Strong B2B customer relationships. grill splendour services private limited Strategies are Dual Business Model, Multiple Brands, leveraging their existing business infrastructure, Supply to Institutional clients and Corporates, Migration to Experience Stores.

Financial Overview

The company mainly deals in selling Cakes & Pastries, Food, Beverages, and Desserts. It started making huge profits from FY23 before its Initial Public Offering (IPO), which seems like an attempt to attract high valuations. Considering its projected earnings for FY24, the IPO price is set quite aggressively. The fact that the company will have relatively low equity capital after the IPO suggests it might take a while to see returns. It might be wise to avoid investing in this expensive opportunity.