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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 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

Barbeque Nation IPO Date Mar 24, 2021 to Mar 26, 2021
Barbeque Nation IPO Face Value ₹5 per share
Barbeque Nation IPO Price ₹498 to ₹500 per share
Barbeque Nation IPO Lot Size 30 Shares
Issue Size9,057,470 shares of ₹5
(aggregating up to ₹452.87 Cr)
Fresh Issue[.] shares of ₹5
(aggregating up to ₹180.00 Cr)
Offer for Sale5,457,470 shares of ₹5
(aggregating up to ₹272.87 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Barbeque Nation IPO Timeline (Tentative Timetable)

Barbeque Nation IPO opens on Mar 24, 2021, and closes on Mar 26, 2021. The Barbeque Nation IPO bid date is from Mar 24, 2021 10.00 A.M. to Mar 26, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Barbeque Nation IPO Opening Date Mar 24, 2021
Barbeque Nation IPO Closing Date Mar 26, 2021
Basis of Allotment Apr 1, 2021
Initiation of Refunds Apr 5, 2021
Credit of Shares to Demat Apr 6, 2021
Barbeque Nation IPO Listing Date Apr 7, 2021

Barbeque Nation IPO Lot Size

The Barbeque Nation IPO 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
Retail (Min) 1 30 ₹15,000
Retail (Max) 13 390 ₹195,000

Barbeque Nation IPO Promoter Holding

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

Barbeque Nation IPO Review

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...


Barbeque Nation IPO Subscription Status (Bidding Detail)

The Barbeque Nation IPO is subscribed 5.98 times on Mar 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)

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 share
Face Value ₹5 per 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 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 .

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.
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Barbeque Nation IPO Message Board

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926 Comments

440. Akula PapaRao |   Link |Apr 15, 2021 4:56:33 PM
seems to be resilient
439. KING VINOD |   Link |Apr 12, 2021 11:02:44 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Shayam Metallics IPO Expecting Next Week
438. Akula PapaRao |   Link |Apr 12, 2021 7:47:52 PM
no sharp cut, in fact JF is down more than 5% , but delivery percentage is low, need to watch out this counter, would it be a trading bet or long term play
437. Akula PapaRao |   Link |Apr 12, 2021 2:13:53 PM
what a market :-)
just 2 % cut
where as broader market is minimum 3%
436. Akula PapaRao |   Link |Apr 12, 2021 1:13:50 PM
protect your gains at high level
one could enter post peak out of fresh cases
435. KSC |   Link |Apr 12, 2021 12:57:03 PM
Today.26,873 shares AUCTION on NSE...sort karne wale ki lag gai.
434. Akula PapaRao |   Link |Apr 12, 2021 12:13:09 PM
blood bath started :-)
433. IPO Mitr |   Link |Apr 11, 2021 6:30:54 PM
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
432. Akula PapaRao |   Link |Apr 9, 2021 11:45:16 AM
looks like long term investor might be buying
432.1. arunARUN |   Link |Apr 10, 2021 5:44:18 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
They could have bought in Ipo as hni
432.2. Akula PapaRao |   Link |Apr 10, 2021 11:41:56 PM
HNI is just 3 times . usually intuitions buy in large quantity to hike their stake or acquire stake, else it would have tanked down amid covid uncertainty and negative bottom line
need to watch out for few more days, if not intuitional interest, it may get into consolidation zone, one good thing in this scrip is free gloat is just less 50 L shares
431. rsk |   Link |Apr 7, 2021 2:03:34 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ 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.
431.1. rsk |   Link |Apr 8, 2021 9:37:22 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Follow almost BKing type chart. BK had 3 days of UC.
431.2. arunARUN |   Link |Apr 10, 2021 5:45:31 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
the business is not comparable. It is not in QSR business
430. Akula PapaRao |   Link |Apr 9, 2021 9:12:35 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 :-)
429. arunARUN |   Link |Apr 9, 2021 3:28:58 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
One wonders about brave 2033 investors who decided to apply as retail but just before 2 lakh cut off points and agreed for 30 shares in ratio of 33:215
Had these people decided to put one extra lot and gone into HNI they would have got 137 shares that too confirmed lot
So the logic is that these people were props to show higher subscription with least risk, They dont show intelligent applications
428. Cautious ipo |   Link |Apr 8, 2021 12:35:38 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Its purely shory sellers trapped... soon lowered circuit to start
428.3. IPOANALYSIS |   Link |Apr 8, 2021 8:06:37 PM
Wah what a reason given
Similar thing happened with route mobile circuit filter changed but it kept rising. Offcourse few correction Happen midway. Hindustan copper too circuit changed but it went higher only. This is most nonsense reason given agar aisa hai then every stock same thing will happen and u should not be in stock market then if have such meaningless reason . Agar stock Nahi hai toh jealousy kyun ... Just wait for few months it is a multibagger stock like jubiliant
428.4. Cautious ipo |   Link |Apr 8, 2021 9:25:22 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
If so then will buy tomorrow before 9.06 a.m. for short term to earn huge from this multibagger too..
427. rsk |   Link |Apr 8, 2021 9:13:58 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
no bulk deals today.
426. Akula PapaRao |   Link |Apr 8, 2021 9:12:05 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
425. Sachin Sarda |   Link |Apr 8, 2021 8:48:26 PM
It will be another Bector .food
424. Akula PapaRao |   Link |Apr 8, 2021 8:36:08 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
423. Akula PapaRao |   Link |Apr 8, 2021 8:06:15 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
422. ultrasnow |   Link |Apr 8, 2021 6:17:13 PM
Top Contributor Top Contributor (400+ Posts, 700+ 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
421. ipobull |   Link |Apr 8, 2021 5:27:07 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Its behaving exactly like another loss-making food company Burger King. Lower circuits/ downward drift to start very soon, probably tomorrow or Monday.