IPOs this week: Ramdevbaba Solvent IPO, Grill Splendour Services IPO

IPOs this week: Two initial public offerings (IPOs) in the SME category—Grill Splendour Services IPO, and Ramdevbaba Solvent IPO—are scheduled to hit Dalal Street this week starting April 15.

Upcoming IPOs this week

Grill Splendour Services IPO

Birdy's IPO has a fixed price issue of Rs 16.47 crore and the issue is entirely a fresh issue of 13.73 lakh shares.

Grill Splendour Services IPO price band, Grill Splendour Services IPO lot size

Birdy's IPO price is Rs 120 per share while the minimum lot size for an application is 1200 shares. Hence, the minimum amount of investment required by retail investors is Rs 144,000. 

Grill Splendour Services IPO: Book-running lead manager 

Inventure Merchant Banker Services is the book-running lead manager of Birdy's IPO.

Grill Splendour Services IPO: Registrar

Bigshare Services is the registrar for the public issue.

What does Grill Splendour Services do?

Established in 2019, Grill Splendour Services is a chain of gourmet bakeries and patisseries in Mumbai with 17 retail outlets, a central manufacturing facility, and several corporate clients operating under the brand name Birdy's. Grill Splendour Services acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited in November 2019 to expand its reach in the hospitality industry.

Grill Splendour Services's product portfolio is divided into the following areas—

• Cakes and pastries
• Sale of food products

Ramdevbaba Solvent IPO

Ramdevbaba Solvent IPO is a book-built issue of Rs 50.27 crore and is entirely a fresh issue of 59.14 lakh share.

Ramdevbaba Solvent IPO price band, Ramdevbaba Solvent IPO lot size

Ramdevbaba Solvent IPO's price band is fixed at Rs 80 to Rs 85 per share. The minimum lot size for an application is 1600 shares. The minimum amount of investment required by retail investors is Rs 136,000. 

Ramdevbaba Solvent IPO: Book-running lead manager

Choice Capital Advisors is the book-running lead manager of the Ramdevbaba Solvent IPO. 

Ramdevbaba Solvent IPO

Bigshare Services is the registrar for the issue.

What does Ramdevbaba Solvent do?

Founded in 2008, Ramdevbaba Solvent produces and distributes physically refined rice bran oil.

Ramdevbaba Solvent is engaged in the manufacture, distribution, marketing, and sale of rice bran oil to FMCG companies. The Company also manufactures, markets, and sells rice bran oil under its brands "Tulsi" and "Sehat".

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