Grill Splendour Services IPO, which was entirely a fresh equity issue of 13.72 lakh shares, received a decent response from investors with an overall subscription of over 6 times.
The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services public offer was subscribed 8 times so far