Birdy's IPO

Established in November 2019, Grill Splendour Services Limited 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 Private Ltd. acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited in November 2019 to expand its reach in the hospitality industry. The company's product portfolio can be divided into the following areas Cakes and pastries Sale of food products Beverages Sale of desserts The company has 17 retail stores, 5 of which are operated under a franchise model (franchisee-owned, and company-operated), while the remaining 12 stores are owned by the company. As of February 29, 2024, the company employed 77 people in various departments.

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: Funding additional Working capital requirements; Pre-payment/Repayment, in full or part, of certain outstanding borrowings availed by the Company; and General Corporate Purposes

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