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 current subscription status of Grill Splendour Services Limited IPO?

Grill Splendour Services Limited IPO has received a total subscription of 8.74 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

8.74x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

4.69x

High Net-Worth

Retail (RII)

12.78x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 8.74x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	651,600	3,058,800	4.69x
RETAIL	651,600	8,325,600	12.78x
Total	1,303,200	11,384,400	8.74x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 12.49x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	400	5,112	12.78x
HNIs (10L +)	3	14	4.69x
HNIs (2-10L)	12	56	4.69x
Total Applications	415	5,182	12.49x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Grill Splendour Services Limited Public Issue & Market Profile

Grill Splendour Services Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹16.47 Crores. The shares are offered at a price band of ₹120 to ₹120 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-21, while un-allotted funds or UPI block mandates will be released on 2024-04-20.

Frequently Asked Questions

What is Grill Splendour Services Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Grill Splendour Services Limited IPO is ₹8 per equity share. Based on the upper price band of ₹120 to ₹120 per equity share, the estimated listing price is ₹128 (+6.7% expected listing gain).

What is the expected profit per lot for Grill Splendour Services Limited IPO?

With a lot size of 1200 shares and current GMP of ₹8, the expected profit per application lot is approx ₹9,600 (+6.7% gain). Minimum application cost is approx ₹1,44,000.

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

The Grill Splendour Services Limited IPO aggregate issue size is ₹16.47 Crores with an equity price band set at ₹120 to ₹120 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,44,000.

How can I check Grill Splendour Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 8.74x (Retail: 12.78x, QIB: 0.00x, NII: 4.69x). You can track live multiples directly on our dedicated subscription page.

Where and when will Grill Splendour Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-04-19. Investors can verify status using PAN card or application number.

When is the listing date for Grill Splendour Services Limited IPO?

Grill Splendour Services Limited shares are scheduled to list on NSE on 2024-04-23.