Barbeque Nation Hospitality mops up Rs 203 crore from anchor patrons sooner than IPO

Constancy, Eastspring Investments India, Nomura Funds, Goldman Sachs and UPS Neighborhood Belief are among marquee patrons that invested in Barbeque Nation Hospitality thru anchor e book.

March 23, 2021 / 10: 15 PM IST

Informal eating chain Barbeque Nation Hospitality has raised higher than Rs 202.89 crore from anchor patrons on March 23, sooner than its preliminary public offer (IPO).

The discipline will start for subscription on March 24 and will close on March 26, 2021.

"The company and Tamara Non-public Cramped in session with provider provider bankers absorb finalised the allocation of 40,57,861 fairness shares to anchor patrons, at a heed of Rs 500 per piece," Barbeque Nation talked about in its spherical filed with the exchanges.

Constancy, Eastspring Investments India, Nomura Funds, Goldman Sachs and UPS Neighborhood Belief are among marquee patrons that invested within the company thru anchor e book.

Amongst others, SBI Mutual Fund, ICICI Prudential, HDFC Trustee, Aditya Birla Solar Existence, Kotak Mutual Fund, Motilal Oswal Mutual Fund, HDFC Existence Insurance, Pioneer Funding Fund and Kuber India Fund also invested funds within the company.

Barbeque Nation Hospitality is planning to elevate Rs 452.87 crore thru its public discipline. The cost band of the offer has been mounted at Rs 498 - Rs 500 per piece.

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The offer contains a recent discipline of Rs 180 crore and an offer within the marketplace of up to 54,57,470 fairness shares by recent promoting shareholders - Sayaji Housekeeping Products and services, Azhar Dhanani, Sadiya Dhanani, Sanya Dhanani, Tamara, Aajv Funding Belief and Menu Non-public Cramped.

The on-line recent discipline funds will be utilised in the direction of expansion and opening of recent restaurants, and repayment of determined money owed.

Additionally be taughtBarbeque Nation Hospitality IPO: 10 key issues to snatch sooner than the discipline opens

Barbeque Nation Hospitality operated 147 Barbeque Nation restaurants all over 77 cities in India and 6 global Barbeque Nation restaurants all over three worldwide locations namely UAE, Oman and Malaysia, as of December 2020.

This discipline will be potentially the most contemporary addition to the list of IPOs that hit the well-known market thus a ways within the calendar year 2021, after Indian Railway Finance Company, Indigo Paints, Dwelling First Finance Firm, Range Kraft, Brookfield India REIT, Nureca, RailTel Company, Heranba Industries, MTAR Applied sciences, Easy Time out Planners, Anupam Rasayan, Craftsman Automation, Laxmi Natural, Kalyan Jewellers, Nazara Applied sciences and Suryoday Shrimp Finance Financial institution.

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