Grill Splendour IPO allotment status to be finalised on April 19: Steps to check share allocation online

Grill Splendour IPO share allotment status is expected to be finalised on Friday, April 19, after the successful subscription of the initial public offer.

The ₹16.47-crore NSE SME IPO was subscribed over 8.68 times at the end of 3-day bidding process on April 18. The gourmet bakery chain company received bids for over 1.13 crore shares against 13,03,200 shares on offer.

The retail portion was subscribed over 12.78 times while the non-institutional investors’ (NIIs) category was booked 4.69 times.

Investors who submitted their bids in Grill Splendour IPO can check the allotment status online via the official website of the issue's registrar, Bigshare Services Pvt Ltd, and the NSE.

How to check Grill Splendour IPO allotment status online?

• Go to Grill Splendour IPO's registrar Bigshare Services's official website – https://www.bigshareonline.com/Index.aspx.
• Click on the IPO Allotment Status tab.
• Select one of the server links displayed on the screen to proceed with your request.
• You will be redirected to a new page.
• Select Grill Splendour from the drop-down menu under the Company Selection tab. The company's name will only appear after the finalisation of the allotment.
• Enter the details as required and click on submit.

Grill Splendour IPO share allotment status will be displayed on the screen. For final allotments, the number of shares will also be shown.

How to check Grill Splendour IPO share allotment status via NSE?

• Log on to National Stock Exchange of India (NSE) website at www.nseindia.com
• Create a new registration or log in to your account.
• Select Grill Splendour IPO from the dropdown list.
• Enter PAN details and application number.
• Click on submit.

Grill Splendour Services Limited will start the credit of shares into the demat account of successful bidders on Monday, April 22. The initiation of refunds for the non-allottees will also be done on the same day.

Grill Splendour shares are scheduled to be listed on NSE SME platform, Emerge, on Tuesday, April 23.

Grill Splendour Services IPO details

Grill Splendour Services IPO is entirely a fresh issue of 13.72 lakh shares. This includes a market maker allocation of 69,600 shares for Rikhav Securities. There is no offer-for-sale component in this public issue. The company had reserved 50% of the net issue for retail investors whereas the remaining half was set aside for other categories of investors.

Grill Splendour Services IPO price band was fixed at ₹120 at a face value of ₹10 each. The minimum lot size for retail investors in the IPO was 1200 shares totalling a minimum investment of ₹1.44 lakh and in multiples thereof.

Grill Splendour intends to raise ₹16.47 crore through the IPO. The company will use the proceeds for funding the working capital requirement, payment of debts and general corporate purposes.

About Grill Splendour Services

Grill Splendour Services is a multi-store chain of gourmet bakeries and patisseries. The company has 17 outlets across Mumbai including 5 franchises.

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