Barbeque Nation Hospitality IPO: The IPO was subscribed 1.98 occasions on second day of the problem
Barbeque Nation Hospitality’s preliminary public provide (IPO) was subscribed 1.98 occasions on the second day of the problem, based on subscription information on the exchanges. The restaurant chain’s IPO was oversubscribed on the primary day of the problem yesterday – March 24. The portion reserved for retail traders (RIIs) was subscribed 9.66 occasions on Thursday, March 25 by 5:00 pm. The portion reserved for non-institutional traders (NIIs) was subscribed 0.10 occasions, whereas the portion reserved for certified institutional consumers (QIBs) was subscribed 0.37 occasions.
Barbeque Nation Hospitality has fastened the value band of the general public provide at Rs 498 – Rs 500 per share. According to information on inventory exchanges, the corporate’s IPO market lot dimension is 30 shares. A retail-individual investor may apply for as much as 13 tons, particularly 390 shares or Rs 195,000. The information confirmed that Barbeque Nation Hospitality acquired a complete of 66.46 lakh bids for 49.99 lakh shares on the general public provide. At the cut-off worth, a complete of 42.87 lakh bids had been acquired.
