Barbeque-Nation oversubscribed 5.98 occasions on closing bidding day

Mumbai: The Rs 453 crore-initial public offer (IPO) of Barbeque-Nation Hospitality, a restaurant chain, used to be subscribed 5.98 occasions on Friday — the last day of bidding path of. The carrying out got bids of 2.99 crore shares in opposition to the 49.99 lakh shares on offer, in step with stock alternate data.

The piece reserved for retail investors used to be subscribed 13.13 occasions. The qualified institutional buyer (QIB) class used to be subscribed 5.11 occasions while the non-institutional investor class used to be subscribed 3.10 occasions.

The IPO used to be a fresh issuance of equity shares of Rs 180 crore and a proposal-for-sale of as much as 54.57 lakh shares. The firm had on Tuesday raised Rs 202 crore from 15 anchor investors. As on December 31, 2020, the firm operated 147 Barbeque-Nation drinking areas sooner or later of 77 cities in India and 6 stores in UAE, Oman and Malaysia.

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