Barbecue Nation IPO fragment location: Here is strategies to envision your shares

Barbecue Nation IPO fragment location: The preliminary public providing (IPO) of Barbecue-Nation Hospitality became met with 5.98 times subscription over the 9.57 crore shares supplied all over the subscription duration from March 24-26, 2021. The value band became fixed at Rs 498-500 per portion.

Barbecue Nation bought bids of over 2.99 crore (2,99,01,510) shares in opposition to the total enviornment dimension of practically 50 lakh (49,99,609) shares, data on hand with the Nationwide Inventory Alternate (NSE) confirmed.

The qualified institutional traders (QIBs) class became subscribed 5.11 times, non institutional investors 3.10 times and retail particular particular person investors (RIIs) 13.13 times. The workers phase too noticed a 1.02 times subscription.

The IPO of the casual eating chain company comprises a unusual enviornment of shares value Rs 180 crore and an offer-for-sale (OFS) of 54,57,470 fairness shares. The proceeds of the topic will likely be utilised to fund the firm’s capital expenditure for expansion and opening of fresh eating areas, prepayment or repayment of sure borrowings and for well-liked corporate purposes.

As of December 2020, Barbecue-Nation Hospitality operated 147 retail outlets all over India and six retail outlets all over three nations — UAE, Oman and Malaysia.

Traders are surely taking a ogle forward to the portion fragment date of the Barbecue-Nation Hospitality IPO. The firm will finalise the fragment of shares on Thursday, April 1, 2021. Have to you maintain gotten utilized for the Barbecue Nation IPO, then right here is how to envision the placement of your fragment when it will get declared:

• The fragment location will gain as a lot as this point on the web set of the registrar of the IPO, which on this case is Link Intime India (Click on right here: https://linkintime.co.in/MIPO/Ipoallotment.html). Applicants will must take out Barbecue-Nation Hospitality Miniature – IPO within the drop-down menu and enter both their PAN, utility quantity or DP Client ID. and click on on search to stare their fragment location.
• Except for the registrar’s web set, applicants can even compare the placement of their fragment on the web set of the BSE (Click on right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they're going to must take out Equity in Inform Model, then take out “Barbecue-Nation Hospitality Miniature” from the drop-down checklist within the Inform Title fragment, enter their Application Number and PAN Number within the respective packing containers and then click on on search to stare their location.

The listing of shares of Barbecue-Nation Hospitality is likely to take home on April 7, 2021, on each the NSE and BSE. The topic dimension of the IPO became Rs 453 crore.

Axis Capital, IIFL Securities, Ambit Capital and SBI Capital Markets are the book working lead managers to the IPO.