Barbeque Nation IPO Opens At the modern time: Key Things to Know Earlier than You Notion to Subscribe

The bidding for Barbeque Nation Hospitality’s IPO begins on Wednesday and ends on Friday. It is a ways the most effective IPO on this monetary year. The informal dining restaurant chain is planning to elevate Rs 452.87 crore through its public bellow. Of the total bellow dimension, the corporate has already raised Rs 202.89 crore from anchor traders.

Here are the key issues to understand sooner than planning to subscribe:

– The IPO contains a modern bellow of Rs 180 crore and a proposal for sale of up to 54,57,470 equity shares by modern promoting shareholders.

The company has reserved Rs 2 crore price of equity for its staff. Traders can explain for a minimal of 30 equity shares and in multiples of 30, thereafter.

– The cost band for the supply has been mounted at Rs 498 – Rs 500 per equity portion.

– The company will utilise the obtain proceeds from the modern bellow against growth and opening of modern restaurants, repayment of certain outstanding borrowings, and for classic corporate functions.

The supply for sale money will disappear to modern shareholders who're offloading stake.

– Barbeque-Nation Hospitality pioneered the format of ‘over the table barbecue’ idea in Indian restaurants in line with the Technopak Anecdote. The indispensable Barbeque Nation restaurant used to be launched in 2006 by sensible one of many promoters, Sayaji Resorts.

As of December 2020, Barbeque-Nation Hospitality presently operates 147 restaurants (including opened, speedy closed and below constructing retailers) across 77 cities in India and 6 world Barbeque Nation restaurants across three countries particularly UAE, Oman and Malaysia.

– Barbeque Nation is sensible one of India’s fastest rising and extensively recognised restaurant brands within the speedy rising informal dining restaurant (CDR) market. The company has experienced trusty boom in covers and consistent APC with a quite excessive percentage of full revenues from weekday gross sales and lunch covers.

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