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Grill Splendour IPO vs Greenhitech Ventures IPO

Comparison between Grill Splendour IPO and Greenhitech Ventures IPO.

IPO Details

Grill Splendour IPO is a SME Fixed Price IPO proposed to list at NSE SME while Greenhitech Ventures IPO is a SME Fixed Price proposed to list at BSE SME.

 Grill Splendour IPOGreenhitech Ventures IPO
LogoGrill Splendour IPO LogoGreenhitech Ventures IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Grill Splendour IPO is up to ₹15.64 Cr whereas the issue size of the Greenhitech Ventures IPO is up to ₹5.97 Cr. The final issue price of Grill Splendour IPO is ₹120.00 per share and of Greenhitech Ventures IPO is ₹50.00 per share.

 Grill Splendour IPOGreenhitech Ventures IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹120.00 per share₹50.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares3000 shares
Fresh Issue Size13,03,200 shares11,94,000 shares
Fresh Issue Size (Amount)up to ₹15.64 Crup to ₹5.97 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,03,200 shares11,94,000 shares
Issue Size Total (Amount)up to ₹15.64 Crup to ₹5.97 Cr

IPO Timetable

Grill Splendour IPO opens on Apr 15, 2024, while Greenhitech Ventures IPO opens on Apr 12, 2024. The closing date of Grill Splendour IPO and Greenhitech Ventures IPO is Apr 18, 2024, and Apr 16, 2024, respectively.

 Grill Splendour IPOGreenhitech Ventures IPO
Anchor Bid Date
Issue OpenApr 15, 2024Apr 12, 2024
Issue CloseApr 18, 2024Apr 16, 2024
Basis Of Allotment (Tentative)Apr 19, 2024Apr 18, 2024
Initiation of Refunds (Tentative)Apr 22, 2024Apr 19, 2024
Credit of Share (Tentative)Apr 22, 2024Apr 19, 2024
Listing date (Tentative)Apr 23, 2024Apr 22, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Grill Splendour IPO P/E ratio is 23.12, as compared to Greenhitech Ventures IPO P/E ratio of 30.05.

 Grill Splendour IPOGreenhitech Ventures IPO
Financials

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,211.54764.02290.59265.98
Total Income885.641,531.621,152.27825.22
Profit After Tax61.65199.103.46-3.63
Net Worth494.98200.791.69-1.77
Reserves and Surplus111.44199.790.69-2.77
Amount in ₹ Lakhs

Greenhitech Ventures Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets2,677.752,708.063,188.772,378.58
Total Income335.672,504.356,611.584,007.69
Profit After Tax35.6457.23135.1424.39
Net Worth456.64315.45322.45140.99
Reserves and Surplus112.64
Total Borrowing431.71347.07150.14114.60
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)49.75100.00
Promoter Shareholding (Post-Issue)36.6473.19
P/E Ratio23.1230.05
Market Cap₹62.50 Cr.₹23.50 Cr.
ROE8.17%
ROCE17.19%
Debt/Equity1.500.95
EPS₹5.19₹1.66
RoNW12.46%7.80%

Shares Offered

In the Grill Splendour IPO Retail Individual Investors (RII) are offered 6,51,600 shares while in Greenhitech Ventures IPO retail investors are offered 6,51,600 shares. Qualified Institutional Buyers (QIB) are offered in Grill Splendour IPO and in Greenhitech Ventures IPO.

 Grill Splendour IPOGreenhitech Ventures IPO
Anchor Investor Reserveration
Market Maker Reserveration69,600 shares66,000 shares
QIB
NII6,51,600 shares5,97,000 shares
RII6,51,600 shares5,97,000 shares
Employee
Others
Total13,03,200 shares11,94,000 shares

Bids Received (Subscription)

Grill Splendour IPO subscribed 8.68x in total, whereas Greenhitech Ventures IPO subscribed 769.95x.

 Grill Splendour IPOGreenhitech Ventures IPO
QIB (times)
NII (times)4.59x921.60x
Big NII (times)
Small NII (times)
RII (times)12.78x597.41x
Employee (times)
Other (times)
Total (times)8.68x769.95x