Barbeque Nation IPO allotment standing: Here is learn how to examine your shares

Barbeque Nation IPO allotment standing: The preliminary public providing (IPO) of Barbeque-Nation Hospitality was met with 5.98 occasions subscription over the 9.57 crore shares provided in the course of the subscription interval from March 24-26, 2021. The value band was fastened at Rs 498-500 per share.
Barbeque Nation obtained bids of over 2.99 crore (2,99,01,510) shares towards the entire subject measurement of almost 50 lakh (49,99,609) shares, knowledge obtainable with the National Stock Exchange (NSE) confirmed.
The certified institutional consumers (QIBs) class was subscribed 5.11 occasions, non institutional traders 3.10 occasions and retail particular person traders (RIIs) 13.13 occasions. The workers phase too noticed a 1.02 occasions subscription.

The IPO of the informal eating chain agency contains a recent subject of shares price Rs 180 crore and an offer-for-sale (OFS) of 54,57,470 fairness shares. The proceeds of the difficulty will likely be utilised to fund the corporate’s capital expenditure for enlargement and opening of recent eating places, prepayment or reimbursement of sure borrowings and for basic company functions.
As of December 2020, Barbeque-Nation Hospitality operated 147 retailers throughout India and 6 retailers throughout three international locations — UAE, Oman and Malaysia.
Investors are actually wanting ahead to the share allotment date of the Barbeque-Nation Hospitality IPO. The firm will finalise the allotment of shares on Thursday, April 1, 2021. In case you’ve gotten utilized for the Barbeque Nation IPO, then right here is how one can examine the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is Link Intime India (Click right here: https://linkintime.co.in/MIPO/Ipoallotment.html). Applicants might want to choose Barbeque-Nation Hospitality Limited – IPO within the drop-down menu and enter both their PAN, software quantity or DP Client ID. and click on on search to view their allotment standing.
Apart from the registrar’s web site, candidates also can examine the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose “Barbeque-Nation Hospitality Limited” from the drop-down listing within the Issue Name part, enter their Application Number and PAN Number within the respective containers after which click on on search to view their standing.
The itemizing of shares of Barbeque-Nation Hospitality is more likely to happen on April 7, 2021, on each the NSE and BSE. The subject measurement of the IPO was Rs 453 crore.
Axis Capital, IIFL Securities, Ambit Capital and SBI Capital Markets are the ebook working lead managers to the IPO.