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Grill Splendour IPO vs Emmforce Autotech IPO

Comparison between Grill Splendour IPO and Emmforce Autotech IPO.

IPO Details

Grill Splendour IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Emmforce Autotech IPO is a SME Bookbuilding proposed to list at BSE SME.

 Grill Splendour IPOEmmforce Autotech IPO
LogoGrill Splendour IPO LogoEmmforce Autotech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Emmforce Autotech IPO is up to ₹51.19 Cr. The final issue price of Grill Splendour IPO is ₹120.00 per share and of Emmforce Autotech IPO is ₹98.00 per share.

 Grill Splendour IPOEmmforce Autotech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹93.00 per share
Issue Price (Upper)₹98.00 per share
Issue Price (Final)₹120.00 per share₹98.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size13,03,200 shares52,23,600 shares
Fresh Issue Size (Amount)up to ₹15.64 Crup to ₹51.19 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,03,200 shares52,23,600 shares
Issue Size Total (Amount)up to ₹15.64 Crup to ₹51.19 Cr

IPO Timetable

Grill Splendour IPO opens on Apr 15, 2024, while Emmforce Autotech IPO opens on Apr 23, 2024. The closing date of Grill Splendour IPO and Emmforce Autotech IPO is Apr 18, 2024, and Apr 25, 2024, respectively.

 Grill Splendour IPOEmmforce Autotech IPO
Anchor Bid DateApr 22, 2024
Issue OpenApr 15, 2024Apr 23, 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
Anchor Lockin End date 1May 26, 2024
Anchor Lockin End date 2Jul 25, 2024

Financials & KPIs

Grill Splendour IPO P/E ratio is 23.12, as compared to Emmforce Autotech IPO P/E ratio of 33.5.

 Grill Splendour IPOEmmforce Autotech 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

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,597.134,895.405,257.363,384.41
Total Income4,790.314,875.327,138.135,185.32
Profit After Tax511.78438.85732.58508.91
Net Worth1,500.002,344.952,129.091,524.82
Reserves and Surplus43.72
Total Borrowing2,404.251,535.431,651.09501.70
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)49.75100.00
Promoter Shareholding (Post-Issue)36.6473.17
P/E Ratio23.1233.5
Market Cap₹62.50 Cr.₹200.90 Cr.
ROE
ROCE
Debt/Equity1.50
EPS₹5.19₹2.93
RoNW12.46%2.83

Shares Offered

In the Grill Splendour IPO Retail Individual Investors (RII) are offered 6,51,600 shares while in Emmforce Autotech IPO retail investors are offered 6,51,600 shares. Qualified Institutional Buyers (QIB) are offered in Grill Splendour IPO and 10,45,200 shares in Emmforce Autotech IPO.

 Grill Splendour IPOEmmforce Autotech IPO
Anchor Investor Reserveration15,66,000 shares
Market Maker Reserveration69,600 shares2,76,000 shares
QIB10,45,200 shares
NII6,51,600 shares7,83,600 shares
RII6,51,600 shares18,28,800 shares
Employee
Others
Total13,03,200 shares52,23,600 shares

Bids Received (Subscription)

Grill Splendour IPO subscribed 8.68x in total, whereas Emmforce Autotech IPO subscribed 364.37x.

 Grill Splendour IPOEmmforce Autotech IPO
QIB (times)160.58x
NII (times)4.59x861.98x
Big NII (times)
Small NII (times)
RII (times)12.78x267.62x
Employee (times)
Other (times)
Total (times)8.68x364.37x