What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the price band for Grill Splendour Services Limited IPO?

The price band for Grill Splendour Services Limited IPO is set at ₹120 to ₹120 per equity share with a minimum lot size of 1200 shares.

When does Grill Splendour Services Limited IPO open and close?

The Grill Splendour Services Limited IPO opens on 2024-04-15 and closes on 2024-04-18. The allotment date is 2024-04-19 and the listing date is 2024-04-23.

What is the current GMP of Grill Splendour Services Limited IPO?

The current grey market premium (GMP) for Grill Splendour Services Limited IPO is ₹8, implying an estimated listing price of ₹128 (6.67% gain over the upper price band).

How do I check Grill Splendour Services Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Bigshare Services Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Grill Splendour Services Limited

ListedSME

Emerging SME Services · NSE

Established in November 2019, Grill Splendour Services Limited has quickly become a distinguished name in Mumbai’s gourmet bakery and patisserie scene, operating 17 upscale retail outlets alongside a centralized production facility. Strengthening its market presence, the company strategically acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited, reinforcing its commitment to growth and excellence. Offering a delectable range of cakes, pastries, desserts, and beverages, Grill Splendour serves both individual and corporate clients, ensuring premium quality and taste. Its well-coordinated logistics, powered by a fleet of four locally fueled vehicles, guarantee timely deliveries. With a team of 77 dedicated professionals, the company continues to set high standards in culinary innovation, quality, and service, solidifying its place in Mumbai’s competitive gourmet landscape.

Price Band

₹120

Issue Size

₹16.47 Cr

Lot Size

1200 shares

GMP

₹8

+6.7%

Est. Listing

₹128

at current GMP

Subscribed

8.74x

overall

Open

15 Apr 2024

18 Apr 2024

Allotment

19 Apr 2024

Refund

20 Apr 2024

Demat Credit

21 Apr 2024

Listing

23 Apr 2024

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Indian market segment
•Price band established at ₹120 - ₹120 per equity share
•Minimum bid lot is 1200 shares
•Estimated listing target of ₹128 based on current grey market activity