Barbeque Nation Hospitality IPO To List Tomorrow

Barbeque Nation Hospitality IPO: The casual dining restaurant chain was incorporated in the year 2006

Barbeque Nation Hospitality shares are likely to be listed on the BSE and NSE tomorrow i.e. April 6, 2021. The Rs 453-crore IPO was subscribed 5.98 times, according to data available on the stock exchanges.The public issue received bids for 2,99,01,510 shares against 49,99,609 shares on offer. The qualified institutional buyers (QIBs) category was subscribed 5.11 times, non-institutional investors 3.10 times and retail individual investors, 13.13 times.

The initial public offer consisted of a fresh issue of Rs 180 crore and an offer for sale of 54,57,470 equity shares. Ahead of the public issue, the company had raised Rs 203 crore from anchor investors. Barbeque Nation will utilise the IPO proceeds to open new restaurants, repay outstanding borrowings and for general corporate purposes.

Barbeque Nation Hospitality was incorporated in the year 2006 and is one of the leading casual dining restaurant chains in the country today. It is backed by private equity investor CX Partners and Rakesh Jhunjhunwala’s investment firm Alchemy Capital.

IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets are the book running lead managers to the public issue of Barbeque Nation Hospitality.

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