Comparison between Grill Splendour IPO and Varyaa Creations IPO.
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 IPO | Varyaa Creations IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Inventure Merchant Banker Services Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Svcm Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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 IPO | Varyaa Creations IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹120.00 per share | ₹150.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 13,03,200 shares | 12,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹15.64 Cr | up to ₹19.05 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 13,03,200 shares | 12,70,000 shares |
| Issue Size Total (Amount) | up to ₹15.64 Cr | up to ₹19.05 Cr |
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 IPO | Varyaa Creations IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Apr 15, 2024 | Apr 22, 2024 |
| Issue Close | Apr 18, 2024 | Apr 25, 2024 |
| Basis Of Allotment (Tentative) | Apr 19, 2024 | Apr 26, 2024 |
| Initiation of Refunds (Tentative) | Apr 22, 2024 | Apr 29, 2024 |
| Credit of Share (Tentative) | Apr 22, 2024 | Apr 29, 2024 |
| Listing date (Tentative) | Apr 23, 2024 | Apr 30, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Grill Splendour IPO P/E ratio is 23.12, as compared to Varyaa Creations IPO P/E ratio of 65.56.
| Grill Splendour IPO | Varyaa Creations IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 49.75 | 100.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 36.64 | 72.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.12 | 65.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹62.50 Cr. | ₹71.85 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 85.52% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 114.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.19 | ₹2.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 12.46% | 85.52% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 IPO | Varyaa Creations IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 69,600 shares | 70,000 shares |
| QIB | ||
| NII | 6,51,600 shares | 6,35,000 shares |
| RII | 6,51,600 shares | 6,35,000 shares |
| Employee | ||
| Others | ||
| Total | 13,03,200 shares | 12,70,000 shares |
Grill Splendour IPO subscribed 8.68x in total, whereas Varyaa Creations IPO subscribed 3.59x.
| Grill Splendour IPO | Varyaa Creations IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 4.59x | 1.08x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 12.78x | 6.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 8.68x | 3.59x |
