Tuesday, December 6, 2022
Arabic Arabic Bengali Bengali English English French French Hindi Hindi Indonesian Indonesian Malay Malay Punjabi Punjabi Russian Russian Spanish Spanish Turkish Turkish Urdu Urdu

Key Things to Know Before You Plan to Subscribe

Must Read

Queens Together- Top Ten Lease Highlights

Do you know these top ten lease highlights? A QEDC business consultation can help. This list is not legal...

London-based V7, which offers an API for data annotation and labeling needed for AI training models, raised a $33M Series A led by Radical...

Ingrid Lunden / TechCrunch: London-based V7, which offers an API for data annotation and labeling needed for AI...

No Kiara Advani-Sidharth Malhotra Wedding In January, Reveals Close Friend | Hindi Movie News

Of late, a section of the entertainment media has been jumping on the sofa with wedding plans for...


The bidding for Barbeque Nation Hospitality’s IPO starts on Wednesday and ends on Friday. It is the last IPO in this financial year. The casual dining restaurant chain is planning to raise Rs 452.87 crore through its public issue. Of the total issue size, the company has already raised Rs 202.89 crore from anchor investors.

Here are the key things to know before planning to subscribe:

– The IPO comprises a fresh issue of Rs 180 crore and an offer for sale of up to 54,57,470 equity shares by existing selling shareholders.

The company has reserved Rs 2 crore worth of equity for its employees. Investors can bid for a minimum of 30 equity shares and in multiples of 30, thereafter.

– The price band for the offer has been fixed at Rs 498 – Rs 500 per equity share.

– The company will utilise the net proceeds from the fresh issue towards expansion and opening of new restaurants, repayment of certain outstanding borrowings, and for general corporate purposes.

The offer for sale money will go to existing shareholders who are offloading stake.

– Barbeque-Nation Hospitality pioneered the format of ‘over the table barbeque’ concept in Indian restaurants according to the Technopak Report. The first Barbeque Nation restaurant was launched in 2006 by one of the promoters, Sayaji Hotels.

As of December 2020, Barbeque-Nation Hospitality currently operates 147 restaurants (including opened, temporarily closed and under construction outlets) across 77 cities in India and six international Barbeque Nation restaurants across three countries namely UAE, Oman and Malaysia.

– Barbeque Nation is one of India’s fastest growing and widely recognised restaurant brands in the rapidly growing casual dining restaurant (CDR) market. The company has experienced steady growth in covers and consistent APC with a relatively high proportion of total revenues from weekday sales and lunch covers.


- Advertisement -
- Advertisement -

Latest News

Queens Together- Top Ten Lease Highlights

Do you know these top ten lease highlights? A QEDC business consultation can help. This list is not legal...
- Advertisement -

More Articles Like This

- Advertisement -