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Barbeque Nation IPO opens in the present day: Everything it’s worthwhile to know

Barbeque Nation IPO: The Rs 453 crore preliminary public providing (IPO) of Barbeque-Nation Hospitality, a preferred Indian delicacies informal eating restaurant chain, will open on Wednesday, March 24, 2021, and will likely be obtainable for subscription until Friday, March 26, 2021. The value band of the IPO has been mounted at Rs 498-500 per share of the face worth of Rs 5 every.
Barbeque-Nation Hospitality is an informal eating chain firm that’s backed by personal fairness investor CX Partners and ace investor Rakesh Jhunjhunwala’s agency Alchemy Capital. It is promoted by Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani. The firm additionally operates Toscano eating places and UBQ by Barbeque Nation Restaurant.
Jubilant FoodWorks, which owns the franchise of Domino’s Pizza and Dunkin’ Donuts within the nation, too has a virtually 11 per cent stake within the firm.

The Barbeque Nation IPO contains a contemporary subject of shares value Rs 180 crore and an offer-for-sale (OFS) of 54,57,470 fairness shares. Further, the OFS contains promoting of 10,18,288 shares by Sayaji Housekeeping Services (SHKSL), 3,39,430 shares by Azhar Dhanani, 3,39,430 shares by Sadiya Dhanani, 3,39,430 shares by Sanya Dhanani, 33,23,106 shares by Tamara Private Limited (TPL), 71,186 shares by AAJV Investment Trust (AAJVIT) and 26,600 shares by Menu Private Limited (MPL), the information given on the pink herring prospectus obtainable on the National Stock Exchange (NSE) confirmed.
Barbeque Nation Hospitality had filed preliminary papers in February final yr, acquired Sebi’s approval in July 2020 to drift the IPO.
The firm has already raised Rs 150 crore via a pre-IPO placement from Xponentia Capital and Jubilant Foodworks.
Investors who want to subscribe to Barbeque Nation’s IPO can bid within the lot of 30 fairness shares and multiples thereof. At the higher value band, they must shell out Rs 15,000 to get a single lot of Barbeque Nation. The shares will likely be listed on each BSE and NSE.
The web proceeds from the problem will likely be utilised to fund the corporate’s capital expenditure for growth and opening of latest eating places, prepayment or compensation of sure borrowings and for normal company functions.

Axis Capital, IIFL Securities, Ambit Capital and SBI Capital Markets are the ebook operating lead managers to the IPO whereas Link Intime India is the registrar of the problem.
As of December 31, 2020, Barbeque-Nation Hospitality owns and operates 147 Barbeque Nation Restaurants (together with opened, quickly closed and below development retailers) throughout 77 cities and 6 International Barbeque Nation Restaurants in three international locations. Separately, it operates eleven Italian Restaurants in three cities in India.