Barbeque Nation Hospitality has fastened the value band of the supply at Rs 498 – Rs 500 per share
Barbeque Nation Hospitality’s preliminary public providing (IPO) will open for subscription at the moment i.e. March 24. The subject of the informal eating restaurant chain operator will shut on March 26. The shares are more likely to be listed on the BSE in addition to National Stock Exchange.
Barbeque Nation Hospitality has fastened the value band of the supply at Rs 498 – Rs 500 per share. It goals to boost Rs 452.87 crore on the larger finish of the value band.
The IPO will includes a contemporary subject of Rs 180 crore and a proposal on the market of as much as 54,57,470 fairness shares by current promoting shareholders. Investors can bid for a minimal one lot of 30 fairness shares and in multiples of 30 thereafter, as much as 13 heaps.
A complete of 75 per cent of the problem is reserved for certified institutional consumers, 10 per cent for retail buyers and the remaining 15 per cent for non-institutional buyers. The firm has reserved Rs 2 crore value shares for its workers.
The firm will utilise the IPO proceeds to open new eating places, repay excellent borrowings and for basic company functions.
Barbeque-Nation Hospitality was included in 2006 and the primary Barbeque Nation restaurant was established in 2008.
IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets are the e book operating lead managers to the general public subject.
