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Barbeque Nation Hospitality Limited IPO Message Board (Page 22)

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20. Rafiq |   Link |  Bookmark | March 18, 2021 12:38:54 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
This one is going to rock!!!!!!!!1
20.1. arunARUN |   Link |  Bookmark | March 18, 2021 8:56:00 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Did you see the financial data?
19. RAKESH PUTHRAN |   Link |  Bookmark | March 18, 2021 6:19:41 PM
Just looking at Financials ( 3 years including this year) you can skip this IPO. Also due to Corona you are not sure of margins and profitability in next 1 year. So take your call wisely.
19.1. arunARUN |   Link |  Bookmark | March 18, 2021 8:54:54 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
i agree. Sit down places have a limited people serving. In 8 hour they can at max serve 3 rounds given pricing system of Barbeque i.e. eat what you want for fixed price
The focus is very high on Non Veg and society does have some issue with that post covid
18. Lokesh Chiru |   Link |  Bookmark | March 18, 2021 7:33:56 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Bcoz he wants the results to look very good and help the company get over subscription as the results for past 3 financial years are not that good and even posted losses.
17. Sarthak Deshmukh |   Link |  Bookmark | March 18, 2021 2:57:03 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
1. The company has posted a 27.67% CAGR in revenues during
FY 2013-17.
2. The company has posted a 38.45% CAGR in PAT during
FY13-17.
3. The company has posted an consolidated EPS of 3.8 in FY17.
4. The D/E stands at 0.35 which is quite manageable. After IPO
company would become debt free.
5. The company has close to 2.7024 Cr shares as on FY17. So if
we give Unlisted Price of 850 to Barbeque Nation the Mcap
comes out to be 2300 Cr.
6. Mcap/Sales= 4.57
7. Price/Book Value= 15
17.1. arunARUN |   Link |  Bookmark | March 18, 2021 6:44:25 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Why are you even looking at FY 17 data when latest data is available at SEBI website upto 30th Nov 2020
16. Sarthak Deshmukh |   Link |  Bookmark | March 18, 2021 2:57:52 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Jubilant food which is a listed company is the peer of the Barbeque Nation.
1. Barbeque Nation(FY17 Standalone)

Revenue= 489 Cr
EBITDA= 70 Cr
PAT= 15 Cr
EBITDA Margins= 14.31%
PAT Margins= 3.06%
Employee/Revenue=17%
Mcap/Sales= 4.70
P/B= 15

2. Jubilant Food( FY-18 Standalone)
Revenue= 3000 Cr
EBITDA= 466 Cr
PAT= 206 Cr
EBITDA Margins= 15.33%
PAT Margins= 6.86%
Employee/Revenue= 21%
Mcap/Sales= 6
P/B= 18
16.1. arunARUN |   Link |  Bookmark | March 18, 2021 6:43:21 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
no comparison between Jubilant Foods (Delivery model more than 90%) and Barbeque (Delivery model around 25%)
15. Sarthak Deshmukh |   Link |  Bookmark | March 18, 2021 2:59:36 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
1. The revenue has increased from 707 Crores to 790 Crores in FY19-20. This shows that revenue has increased by 11.7%.
2. The EBITDA was down from 165 Crores to 159 Crores due to higher Employee benefit expenses and other expenses.
3. Due to lower EBITDA and higher finance costs, Barbeque Nation has shown negative PAT in FY19-20.
4. In FY19-20, total debt has increased from 76 Crores to 164 Crores. The Net-worth of Barbeque Nation in FY19-20 is 75 Crores, So D/E = 0.45x.
5. During the year Barbeque Nation has opened 21 stores in India and the cumulative number of stores/outlets of the Company as at the end of FY 2020 is 148 (including 1 outlet for UBQ, a delivery and takeaway business unit of the Company.
6. During the year Barbeque Nation has started takeaway and delivery business model, the company has established a new brand called ‘Barbeque in a Box’ to provide a barbeque experience to the customers at their door step, in addition to the existing delivery business brand ‘UBQ’.
15.1. arunARUN |   Link |  Bookmark | March 18, 2021 6:41:50 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
i dont know how you got debt equity ratio of 0.45
When debt is 164 crore and networth is 75 crore
It is risking on border and add burden of FY 21 due to Covid. Balance sheet will be full of holes
14. Senthil babu |   Link |  Bookmark | March 18, 2021 11:36:10 AM
Offer for sale is 9822947 shares.
Issue size is 275 cr.

So issue price is Rs.280??
14.1. PSR |   Link |  Bookmark | March 18, 2021 11:45:22 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Fresh issue is for Rs. 275 Crores, but not for 9822947 shares,

Offer for sale is 9822947 shares.

Hence, the total issue amount will be Rs. 275 Crores + (9822947 x issue price)..

Total shares for issue would be 98,22,947 + (275,00,00,000 / issue price)
14.2. arunARUN |   Link |  Bookmark | March 18, 2021 6:37:27 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Due to pre IPO placement fresh issue reduced to Rs 180 crores
13. arunARUN |   Link |  Bookmark | March 18, 2021 6:35:24 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
consolidated networth at -15 crore is below zero. So retail will be 10 percent most likely
12. Sarthak Deshmukh |   Link |  Bookmark | March 18, 2021 2:56:36 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
The way we are moving towards in time with rising disposable income
everyone wants good delicious food, spent time with dear and near ones, get
relax from work but not worrying to shed out that extra from pocket which will
be the key to success for these Restaurant Chains in future.
You go out in these restaurants and try to find seats without waiting. If you get
one, you are lucky but this is quite rare.This shows the revenue visibility of
these Restaurant Chains in India if managed and expanded well.
The margins in the food service is huge which is another big positive for these
companies.
Today we have the largest youth population in the world. As per survey, the
age group between 20-35 is highest in the world. The youth love to party and
dining out and if they get places like Barbeque Nation which serve hot and
delicious the future looks very bright for such restaurant chains.

12.1. SureshNCD |   Link |  Bookmark | March 18, 2021 5:05:35 PM
Sarthak you look like employee of barbeque nation. 2021-21 loss is 126 crores. Corona is fine but still loss is loss and valuations are too high
11. arunARUN |   Link |  Bookmark | March 18, 2021 4:54:38 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Loss of Rs 126.5 crore in 8 months of current financial year i. e. period upto 30th Nov 2020
10. NavJan |   Link |  Bookmark | March 18, 2021 4:49:21 PM
What is the PAT for FY 2020-21?
10.1. NavJan |   Link |  Bookmark | March 18, 2021 4:51:39 PM
Also, how much is the debt? As one of the objective is "To make prepayment/repayment of all or a part of the company''s outstanding borrowings availed on a consolidated basis.".

PS: I am a regular/loyal customer of this brand :)
9. PearlRohit |   Link |  Bookmark | March 18, 2021 11:47:33 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Promoter of Barbeque Nation Hospitality Parent Company Sayaji Hotel.
Fin. Year 2019-20 Rs. 1.80 Cr. Loss & Financial Year 2020-21 3 Quarter Net Loss Rs. 15.88 Cr. and and and Rs. 139.90 Cr Promoter Holding under Pledge. so Be Careful This Barbeque Nation IPO before Investment or Apply IPO
8. SHANI |   Link |  Bookmark | March 18, 2021 11:30:27 AM (300+ Posts, 300+ Likes)
Good one
7. P Patel |   Link |  Bookmark | March 18, 2021 10:55:40 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Lets see what will be the price band....
6. Analyst. Ipo |   Link |  Bookmark | March 18, 2021 10:42:34 AM
Buy Sayaji hotels parent company of Barbaque nations..success of this ipo will be reflect in price of sayaji hotel...it''s T grp company and 5% circuit filter.once date and price announced this sayaji hotel would have continuous upper circuit.
5. IPO Rock Star |   Link |  Bookmark | March 18, 2021 7:28:09 AM
Thank god this IPO maintain the social distance नहीं तो समझ नही आ रहा था कोन से IPO में छेद करें किसको छोड़े कौन चालू हो गया कोन बंद।
5.1. INDIAWAY |   Link |  Bookmark | March 18, 2021 7:54:50 AM
ha ha ha

I hope now onwards coming IPOs maintain SOCIAL DISTANCE

Lets see
4. KrishnaTwentyFour |   Link |  Bookmark | March 18, 2021 6:13:28 AM
Retail Portion The portion of the Offer being not less than 35% of the Net Offer consisting of [●] Equity
Shares which shall be available for allocation to Retail Individual Bidders in accordance
with the SEBI ICDR Regulations subject to valid Bids being received at or above the
Offer Price


👆As per DRHP DATES ON 17 Feb 2020

Let''s wait for RHP
3. Sarthak Deshmukh |   Link |  Bookmark | March 18, 2021 2:58:23 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Private equity firm CX Partners-backed casual dining restaurant chain
Barbeque Nation Hospitality Ltd has raised Rs 80-90 crore in a pre-IPO
placement from Alchemy Capital Management, an investment firm
co-founded by ace stock market investor Rakesh Jhunjhunwala in 2017.
As per sources, the Pre-IPO placement was done at 2300-2400 Cr
Valuation. So with an Equity of 2.7 Cr in FY17, the Pre-IPO placement
would have done at Rs. 890 per share at least
2. Chartered accountant AB |   Link |  Bookmark | March 18, 2021 1:06:07 AM
Barbeque nation ipo(Tentative)
Open:-24th march
Close:-26th march
1. Chartered accountant AB |   Link |  Bookmark | March 18, 2021 1:04:04 AM
Barbeque nation ipo(Tentative)
Open-24th march
Close:-26th march