Barbeque Nation IPO to commence on March 24: Ticket band, lot size and more info

By: Explain Internet Desk | Unique Delhi |

March 22, 2021 2: 09: 03 pm

Barbeque Nation IPO: The Rs 453 crore initial public offering (IPO) of Barbeque-Nation Hospitality, a fashionable Indian cuisine casual eating restaurant chain, will commence on Wednesday, March 24, 2021, and shall be on hand for subscription till Friday, March 26, 2021. The worth band of the IPO has been mounted at Rs 498-500 per share of the face tag of Rs 5 every.

Barbeque-Nation Hospitality is an casual eating chain firm that's backed by personal equity investor CX Companions and ace investor Rakesh Jhunjhunwala’s company Alchemy Capital. It's promoted by Sayaji Inns, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani. The firm also operates Toscano ingesting locations and UBQ by Barbeque Nation Restaurant.

Contented FoodWorks, which owns the franchise of Domino’s Pizza and Dunkin’ Donuts in the country, too has a nearly 11 per cent stake in the firm.

The Barbeque Nation IPO comprises a fresh reveal of shares worth Rs 180 crore and a advice-for-sale (OFS) of 54,57,470 equity shares. Additional, the OFS comprises selling of 10,18,288 shares by Sayaji Housekeeping Services (SHKSL), 3,39,430 shares by Azhar Dhanani, 3,39,430 shares by Sadiya Dhanani, 3,39,430 shares by Sanya Dhanani, 33,23,106 shares by Tamara Deepest Little (TPL), 71,186 shares by AAJV Funding Belief (AAJVIT) and 26,600 shares by Menu Deepest Little (MPL), the records given on the red herring prospectus on hand on the Nationwide Stock Trade (NSE) showed.

Barbeque Nation Hospitality had filed preliminary papers in February last 365 days, received Sebi’s approval in July 2020 to bolt with the float the IPO.

The firm has already raised Rs 150 crore thru a pre-IPO placement from Xponentia Capital and Contented Foodworks.

Investors who treasure to subscribe to Barbeque Nation’s IPO can uncover in the lot of 30 equity shares and multiples thereof. At the upper tag band, they're going to beget to shell out Rs 15,000 to ranking a single lot of Barbeque Nation. The shares shall be listed on both BSE and NSE.

The net proceeds from the difficulty shall be utilised to fund the firm’s capital expenditure for growth and opening of most up-to-date ingesting locations, prepayment or compensation of clear borrowings and for popular company capabilities.

Axis Capital, IIFL Securities, Ambit Capital and SBI Capital Markets are the book working lead managers to the IPO while Hyperlink Intime India is the registrar of the difficulty.

As of December 31, 2020, Barbeque-Nation Hospitality owns and operates 147 Barbeque Nation Restaurants (including opened, immediate closed and beneath construction shops) across 77 cities and six Global Barbeque Nation Restaurants in three countries. Separately, it operates eleven Italian Restaurants in three cities in India.

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