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Barbeque Nation IPO is a book built issue of Rs 452.87 crores. The issue comprises of fresh issue of Rs 180.00 crore and offer for sale of 0.55 crore shares.
Barbeque Nation IPO bidding started from March 24, 2021 and ended on March 26, 2021. The allotment for Barbeque Nation IPO was finalized on Thursday, April 1, 2021. The shares got listed on BSE, NSE on April 7, 2021.
Barbeque Nation IPO price band is set at ₹498 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Ambit Private Limited, Axis Capital Limited, Iifl Securities Ltd and SBI Capital Markets Limited are the book running lead managers of the Barbeque Nation IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Barbeque Nation IPO RHP for detailed information.
| IPO Date | March 24, 2021 to March 26, 2021 |
| Listing Date | April 7, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹498 to ₹500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 9,057,470 shares (aggregating up to ₹452.87 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 5,457,470 shares of ₹5 (aggregating up to ₹272.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Barbeque Nation IPO offers 4,999,609 shares. 2,705,242 (54.11%) to QIB, 1,352,620 (27.05%) to NII, 901,747 (18.04%) to RII, 40,000 (0.80%) to employees. 30,058 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 420 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,705,242 (54.11%) | NA |
| NII (HNI) Shares Offered | 1,352,620 (27.05%) | |
| Retail Shares Offered | 901,747 (18.04%) | 30,058 |
| Employee Shares Offered | 40,000 (0.80%) | NA |
| Total Shares Offered | 4,999,609 (100%) |
Barbeque Nation IPO opens on March 24, 2021, and closes on March 26, 2021.
| IPO Open Date | Wednesday, March 24, 2021 |
| IPO Close Date | Friday, March 26, 2021 |
| Basis of Allotment | Thursday, April 1, 2021 |
| Initiation of Refunds | Monday, April 5, 2021 |
| Credit of Shares to Demat | Tuesday, April 6, 2021 |
| Listing Date | Wednesday, April 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2021 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹195,000 |
| Lot Size Calculator | |||
Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani are the company promoters.
| Share Holding Pre Issue | 47.80% |
| Share Holding Post Issue | 37.79% |
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
| 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) | |
[Dilip Davda] 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. Read detail review...
The Barbeque Nation IPO is subscribed 5.98 times on March 26, 2021 5:00:00 PM. The public issue subscribed 13.13 times in the retail category, 5.11 times in the QIB category, and 3.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.11 |
| NII | 3.10 |
| Retail | 13.13 |
| Employee | 1.02 |
| Total | 5.98 |
| Listing Date | April 7, 2021 |
| BSE Script Code | 543283 |
| NSE Symbol | BARBEQUE |
| ISIN | INE382M01027 |
| Final Issue Price | ₹500 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bnhl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 30 Shares.
The IPO opens on March 24, 2021, and closes on March 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
Visit Zerodha IPO Application Process Review for more detail.
The Barbeque Nation IPO opens on March 24, 2021 and closes on March 26, 2021.
Barbeque Nation IPO lot size is 30 Shares, and the minimum amount required is ₹15,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Barbeque Nation IPO will be done on Thursday, April 1, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 6, 2021. Check the Barbeque Nation IPO allotment status.
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