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Grill Splendour IPO vs Varyaa Creations IPO

Comparison between Grill Splendour IPO and Varyaa Creations IPO.

IPO Details

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

 Grill Splendour IPOVaryaa Creations IPO
LogoGrill Splendour IPO LogoVaryaa Creations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Svcm Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 Varyaa Creations IPO is up to ₹19.05 Cr. The final issue price of Grill Splendour IPO is ₹120.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

 Grill Splendour IPOVaryaa Creations IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹120.00 per share₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1000 shares
Fresh Issue Size13,03,200 shares12,70,000 shares
Fresh Issue Size (Amount)up to ₹15.64 Crup to ₹19.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,03,200 shares12,70,000 shares
Issue Size Total (Amount)up to ₹15.64 Crup to ₹19.05 Cr

IPO Timetable

Grill Splendour IPO opens on Apr 15, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Grill Splendour IPO and Varyaa Creations IPO is Apr 18, 2024, and Apr 25, 2024, respectively.

 Grill Splendour IPOVaryaa Creations IPO
Issue OpenApr 15, 2024Apr 22, 2024
Issue CloseApr 18, 2024Apr 25, 2024
Basis Of Allotment (Tentative)Apr 19, 2024Apr 26, 2024
Initiation of Refunds (Tentative)Apr 22, 2024Apr 29, 2024
Credit of Share (Tentative)Apr 22, 2024Apr 29, 2024
Listing date (Tentative)Apr 23, 2024Apr 30, 2024

Financials & KPIs

Grill Splendour IPO P/E ratio is 23.12, as compared to Varyaa Creations IPO P/E ratio of 65.56.

 Grill Splendour IPOVaryaa Creations IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.127.642.912.66
Total Income8.8615.3211.528.25
Profit After Tax0.621.990.03-0.04
NET Worth4.952.010.02-0.02
Reserves and Surplus1.112.000.01-0.03
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets10.4920.011.442.18
Total Income17.625.382.530.12
Profit After Tax3.510.790.58-0.13
NET Worth4.110.59-0.19-0.77
Reserves and Surplus0.660.44-0.34-0.92
Total Borrowing0.452.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)49.75%100%
Promoter Shareholding (Post-Issue)36.64%72.02%
P/E Ratio23.1265.56
Market Cap₹62.50 Cr.₹71.85 Cr.
ROE85.52
ROCE114.57
Debt/Equity1.50
EPS₹5.19₹2.29
RoNW12.4685.52

Shares Offered

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

 Grill Splendour IPOVaryaa Creations IPO
Market Maker Reservation69,600 shares70,000 shares
NII6,51,600 shares6,35,000 shares
RII6,51,600 shares6,35,000 shares
Total13,03,200 shares12,70,000 shares

Bids Received (Subscription)

Grill Splendour IPO subscribed 8.68x in total, whereas Varyaa Creations IPO subscribed 3.58x.

 Grill Splendour IPOVaryaa Creations IPO
NII (times)4.59x1.08x
RII (times)12.78x6.08x
Total (times)8.68x3.58x

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Grill Splendour IPOVaryaa Creations IPO
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Compare:

Grill Splendour IPO Vs Varyaa Creations IPO