Barbeque Nation Hospitality Limited IPO Message Board (Page 15)

Management had allotted shares to others before 6 months at 250 rs and now IPO price is 500..Also Management is not able to answer this question asked by Anil Singhavi...Valuation is super high...

not before 6 months, in Jan21 they have allotted at price of Rs252

so before 2 months only, complete loot, its like lena hai to lo

High growth prospects but very expensive at Rs 500 I believe post covid restaurants going to bounce back fastest. I would wait for Q1FY22 results before entering.
Rs in crores            
8 month EBITDA       12.59       
Annualised       18.89       
Price       500       
No of Shares      3.75      
EV       1,877       
EV/EBITDA      99.39      
            
Pre Ipo            
Xponentia      1587302 shares for 40.0 crores
Jubilant      3650794      shares for 92.0 crores
Ind & employees      713036      18.0            
            
385,000 equity shares of Rs.5 each were issued to Partner Reinsurance Europe SE at a premium of Rs.827 per share on April 12, 2018            
575,000 equity shares of Rs. 5 each were issued to Alchemy India Long-term Fund Ltd at a premium of Rs. 827 per share on March 29, 2018.            

Funfact: Alchemy Long term growth fund is backed by Rakesh Jhunjunwala they invested back in 2018 at share price of Rs 832 one of the investments that turned out bad for big bull I don''t think he would be looking for an exit here

Sometimes I feel it''s worth having good food in barbeque nation than wasting my money on this IPO... What''s your say?

It is the largest casual dining restaurant chain. It is also the largest player in the Indian food segment. It has 164 outlets in 77 cities and has consistently grown at 20% CAGR in the last 3 years.

Top line growth without profit is senseless .

No gmp.

They want us to enjoy n test food rather than applying ipo.😜😜

It makes no sense to apply to this IPO, am not sure why would they come to market with such horrible numbers. But considering current sentiment, people will apply with multiple accounts

I don''t understand why there is so much noise about this IPO? In FY 2020, the size of the Chain CDR (Casual Dinning Market) is estimated at Rs 13,400 crore. The segment is expected grow at a healthy CAGR of 18% to reach Rs 30,200 crore by FY 2025. The Barbeque Nation Restaurants have experienced steady growth in the number of covers over the last 3 Fiscals, and the proportion of total revenues from weekday sales and lunch covers at Barbeque Nation Restaurants is relatively higher as compared with the industry average.

Very high valuation.

Any GMP ????

Still no guiding comments from experts of this forum. Your guidance is absolutely necessary for this IPO. A good company but skyrocketing valuations.

Wait for rocket to come to ground

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can we expect 5 IPOs in this list for APRIL month?

Heard about Zomato coming in next couple of months, not sure when exactly.

Being into the food QSR business where there are no moats and any one can come and hyperscale in a matter of years (Rebel Foods – 1000 restaurants in 24 months) and uproot the competition and its incumbents.

Quote of Aditya Kondawar

So past performance is not an indicator of future performance

Its not right comparison, this company is into casual dining not QSR, even delivery is only ~15%. According to company it takes 3 years to breakeven for a new restaurant. They gonna open more restaurants with IPO money apart from payoff some debt. I dont think its easy to replicate that moat for new players.
QSR and cloud kitchens (eg Rebel) are easy to scale. But there is also times people want to go to restaurants and pay 1000 bucks per head for it :) compared to ordering burgers for 100 rs at home.

10 % vale ipo bharne hi nahi chahie

I have gone to barbeque nation several times, food is really good. Not sure why it''s struggling to show profit despite good business. Still thinking if I should apply our not.

The IPO is priced at an attractive valuation as compared to listed players in the chain restaurants. Moreover, company has shown excellent Revenue growth in the last 5 years.

Acha bhai, thik hai bhau!

Yes we need to agree with you Profit figures are increasing on yearly basis. Just only one minor problem all the figures are in RED.

This IPO will open in tomorrow, why no GMP yet?

Beware, this is non-veg stock. Your money will become assudh.

वैसे भी आजकल काफी आईपीओ मैं रिटेल पोरशन 10 % रखा जाता है
ये समज नहीं आता ऐसा क्यों होता है .

फिर हम रिटेल लोग उनको सब्सक्राइब करते है और आईपीओ 50 गुना तक चला जाता है .

और जब वो आईपीओ अछि भाव से लिस्ट नहीं होता तो एक मायूसी सी हो जाती है जिनको इतने हाई सब्सक्रिप्शन के बाद allotment आता है

iski rate 248-250 aani chahiye thi as per grey mkt buyers

but now 498-500

double from prediction

Rather than applying have a dinner in barbeque.

As per financial data the company has posted a cumulated loss of Rs. 154.78 cr. For the last 32 months working which is alarming. Management has clarified that due to its ongoing expansion plans and higher provisions for depreciation etc., it has posted losses. But looking at the losses made in the first eight months of the current fiscal on account of pandemic scare and resurgence of the same since past one week or so, immediate future appears gloomy. There is no certainty of restoration of normalcy in the near term and thus, it may continue to face the music. It made pre-IPO placement at Rs. 252 per share just two months before and now asking nearly double the price. Considering all these and the negative P/E, cash surplus, risk savvy investors may consider parking their hard-earned money at their own risks.
Review By Dilip Davda on Mar 22, 2021

Why No GMP?
Since NII portion is just Rs. 67.94 Crs & RII postion 10%/ only 905747 Shares / Rs. 45.28 Crs, Grey Market operators are not willing to take on any risk of huge oversubscription and falling in losses


Barbeque GMP Today #
On 22 March 2021
Grey Market Premium Rs.0barbeque ipo
Application Rates :Rs. 0
Subject to Rates : Rs. 0