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Barbeque Nation Hospitality Limited IPO (Barbeque Nation IPO) Detail

Mar 24, 2021 - Mar 26, 2021

Incorporated in 2006, Barbeque Nation Restaurants is one of the leading casual dining restaurant chains in India. It offers the best quality of food offerings, ambiance, and services to customers. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation that caters to the delivery segment.

The first Barbeque Nation Restaurant was established in 2008 and as of November 30, 2019, the network has been steadily grown to 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants in 3 countries outside India. The company has recently diversified into another brand "Red Apple" which operates 10 Italian restaurants in 2 cities of India i.e. Bengaluru and Chennai.

Competitive strengths

  • One of India's fastest-growing restaurant brands.
  • Diversified offerings for both vegetarian and non-vegetarians.
  • Experienced promoters and managers team.
  • Healthy financial position with a proven track record of revenue growth.

Company Promoters:

Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
30-Nov-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 9,085.85 9,554.58 8,190.85 7,231.60
Total Revenue 2,366.08 8,507.94 7,425.41 5,904.48
Profit After Tax (1,006.48) (329.28) (383.86) (58.00)

Objects of the Issue:

  • To make prepayment/repayment of all or a part of the company's outstanding borrowings availed on a consolidated basis.
  • To meet general corporate purposes.

Barbeque Nation IPO Details

IPO Opening Date Mar 24, 2021
IPO Closing Date Mar 26, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹498 to ₹500 per equity share
Market Lot 30 Shares
Min Order Quantity 30 Shares
Listing At BSE, NSE
Issue Size9,057,470 Eq Shares of ₹5
(aggregating up to ₹452.87 Cr)
Fresh Issue[.] Eq Shares of ₹5
(aggregating up to ₹180.00 Cr)
Offer for Sale5,457,470 Eq Shares of ₹5
(aggregating up to ₹272.87 Cr)

Barbeque Nation IPO Tentative Timetable

The Barbeque Nation IPO open date is Mar 24, 2021, and the close date is Mar 26, 2021. The issue may list on Apr 7, 2021.

IPO Open Date Mar 24, 2021
IPO Close Date Mar 26, 2021
Basis of Allotment Date Apr 1, 2021
Initiation of Refunds Apr 5, 2021
Credit of Shares to Demat Account Apr 6, 2021
IPO Listing Date Apr 7, 2021

Barbeque Nation IPO Lot Size

The Barbeque Nation IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 30 ₹15,000
Maximum 13 390 ₹195,000

Barbeque Nation IPO Promoter Holding

Pre Issue Share Holding 47.80%
Post Issue Share Holding 37.79%

Barbeque Nation IPO Subscription Status (Bidding Detail)

The Barbeque Nation IPO is subscribed 5.98 times on 3/26/2021 5:00:00 PM. The public issue subscribed 13.13 in the retail category, 5.11 in the QIB category, and 3.10 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB5.11
NII3.10
Retail13.13
Employee1.02
Total5.98

Barbeque Nation IPO Prospectus

Barbeque Nation IPO Rating

1016
3.4
Rating:Rated 3.4 stars
Vote Here ...

Barbeque Nation IPO Listing Date

Listing Date Wednesday, April 7, 2021
BSE Script Code 543283
NSE Symbol BARBEQUE
Listing In B Group of Securities
ISIN INE382M01027
IPO Price ₹500 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹500.00
₹492.00
₹481.35
₹590.40
₹590.40
NSE
₹500.00
₹489.85
₹481.85
₹587.80
₹587.80

Company Contact Information

Barbeque Nation Hospitality Limited
Sy. No. 62, Site No.13, 6th Cross, N.S. Palya,
BTM Layout, Bengaluru – 560 076

Phone: +91 80 4511 3000
Email: compliance@barbequenation.com
Website: http://www.barbequenation.com/

Barbeque Nation IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: bnhl.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Barbeque Nation IPO FAQs

Barbeque Nation IPO is a main-board IPO of 9,057,470 equity shares of the face value of ₹5 aggregating up to ₹452.87 Crores. The issue is priced at ₹498 to ₹500 per equity share. The minimum order quantity is 30 Shares.

The IPO opens on Mar 24, 2021, and closes on Mar 26, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Barbeque Nation IPO using UPI as a payment gateway. Zerodha customers can apply in Barbeque Nation IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Barbeque Nation IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Barbeque Nation IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Barbeque Nation IPO opens on Mar 24, 2021 and closes on Mar 26, 2021.

Barbeque Nation IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.

You can apply in Barbeque Nation IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Barbeque Nation IPO will be done on Apr 1, 2021, and the allotted shares will be credited to your demat account by Apr 6, 2021. Check the Barbeque Nation IPO allotment status.

The Barbeque Nation IPO listing date is on Wednesday, April 7, 2021.

Barbeque Nation IPO Message Board

Ranked Members  Ranked Members

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664 Comments

321. IPO Mitr |Apr 11, 2021 7:30:54 PM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
Suggest avoiding excessive exuberance and to remain cautious

It will be prudent to first safeguard your capital and then gains. It is no fun while seeking gains someone puts risk to their original capital as well, especially when the stock not only listed in positive but also have appreciated considerably post listing.

Suno sabki par Karo sirf apne man ki
320. Akula PapaRao |Apr 9, 2021 12:45:16 PM
looks like long term investor might be buying
319. rsk |Apr 7, 2021 3:03:34 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Burger King IPO price Re 60, still trading at 130. (QSR)
Can BNH trade above Re 1000? (Full fledge restaurant)

Lets see in the evening if there are some bulk deals by biggies.
318. Akula PapaRao |Apr 9, 2021 10:12:35 PM
delivery percentage is very low, seems to be lot of speculative trade is going , due to very low free float, it might gyrate in both the ways :-)
317. Cautious ipo |Apr 8, 2021 1:35:38 PM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Its purely shory sellers trapped... soon lowered circuit to start
316. rsk |Apr 8, 2021 10:13:58 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
no bulk deals today.
315. Akula PapaRao |Apr 8, 2021 10:12:05 PM
combined traded volume is 26 L ( 50% of free float) , delivery percentage is 51.17%
indicates gap up opening tomorrow unless some unforeseen market condition
314. Akula PapaRao |Apr 8, 2021 9:36:08 PM
SEBI has ASM framework, it automatically regulates circuit filter based on price manipulation.
Nureca is listed in T2T segment and with circuit filter of 5%, now it is as usual . price variations will be thoroughly analyzed and appropriate frame work & groups will be used .
when MTAR or Indigo or some other scrip is listed with more than 75% premium, people are happy : -)
now it just clocked less than 40% absolute returns , some FII/DII may find some value or purely an operator driven , either way one need to apply their own analysis based on the available tips/ data / technique etc
313. Akula PapaRao |Apr 8, 2021 9:06:15 PM
one key inference : free float stock is just a meagre 48 Lakh shares that could lead to volatility in share price . perhaps intuitions might be thinking ( DCF method) that it is better to acquire stake from a long term perspective , as per their share holding pattern Jubilant food is having 9.72% stake , RJ is having 1.5% , MF- 5.42% , PE firm - 4.23%, FPI - 9.19%, HDFC Life - 1.22%, retail owning is just 5.08%
if it locks UC tomorrow , then it may join enjoy the valuation of Burger King/west life / JF etc
fingers crossed, wait & watch
312. ultrasnow |Apr 8, 2021 7:17:13 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Zillion dollar question is why so called ''experts'' recommended avoid for this IPO when this was a screaming buy or apply from the word go. Friends please do your own DD and do not depend on opinion of others
311. ipobull |Apr 8, 2021 6:27:07 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Its behaving exactly like another loss-making food company Burger King. Lower circuits/ downward drift to start very soon, probably tomorrow or Monday.
310. MOHIT JAIN |Apr 8, 2021 5:09:03 PM
Full chance of lower circuit .stay away dont get trapped. Loss making company. Where there is ten percent retail quotaa operators is highly active in that script.
309. Akula PapaRao |Apr 8, 2021 4:36:14 PM
lower circuit seems to be ruled out ! combined traded volume is just 26 Lakhs, it seems lot of apatite is there for this QSR chain . higher probability of UC or trading in green tomorrow
308. Akula PapaRao |Apr 8, 2021 12:53:43 PM
seems to be either an anchor investor or somebody else might be increasing their stake, else 2 consecutive upper circuits by HNI/Retailers alone can not stay afloat
307. IPO Mitr |Apr 8, 2021 10:42:09 AM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
Remember folks......it is extremely difficult for a retail investors to earn from a stock which trades mostly at Circuit Breakers.

If a stock continuously goes up in upper circuit breakers, same stock can also go down in lower circuit breakers. In both cases (normal not influential) retailers will find it almost impossible to do anything but watch game played by large operators.......At Upper CIrcuit breakers they will not be able to buy and at lower circuit breakers they will not be able to sell.
306. KHUS |Apr 8, 2021 11:15:11 AM
It is evident that upper circuit on both the days will not allow any retail investor to buy the stocks
Game has started by the BIG BULL

Be careful don’t get trapped
305. Big B |Apr 7, 2021 2:06:24 PM
I don''t understand why the Stock is freezed ? Generally, on the listing day, it is always open. Can anyone give a reason ? Thanks in advance.
304. Pixel |Apr 7, 2021 9:52:29 PM
Why did the stock trading freeze for BBQ at 10:35?
I googled at it says that it hit Upper Circuit of 20% gain.

But my question is how it is different from MTAR and Indigo Paints IPO? They almost doubled themselves on listing day so why didn''t they hit UC?
Sorry if dumb question. Still learning
303. rsk |Apr 7, 2021 8:56:45 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
07-Apr-21      BARBEQUE      Barbeque Nation Hosp. Ltd      UTI MUTUAL FUND A/C UTI - FLEXI CAP FUND      BUY      250924      579.62      -
07-Apr-21      BARBEQUE      Barbeque Nation Hosp. Ltd      INTEGRATED CORE STRATEGIES ASIA PTE LTD      SELL      401815      545.15      -
302. Akula PapaRao |Apr 7, 2021 8:53:20 PM
Day 1 combined (NSE + BSE ) delivery percentage is quiet ~ 39% out of 63 lakh traded volume , looks like some long time buyers are in fray.