Barbeque Nation Hospitality IPO: The informal eating restaurant chain was integrated within the 12 months 2006
Barbeque Nation Hospitality shares are prone to be listed on the BSE and NSE tomorrow i.e. April 6, 2021. The Rs 453-crore IPO was subscribed 5.98 instances, in line with information accessible on the inventory exchanges.The public subject obtained bids for two,99,01,510 shares towards 49,99,609 shares on supply. The certified institutional consumers (QIBs) class was subscribed 5.11 instances, non-institutional buyers 3.10 instances and retail particular person buyers, 13.13 instances.
The preliminary public supply consisted of a contemporary subject of Rs 180 crore and a proposal on the market of 54,57,470 fairness shares. Ahead of the general public subject, the corporate had raised Rs 203 crore from anchor buyers. Barbeque Nation will utilise the IPO proceeds to open new eating places, repay excellent borrowings and for basic company functions.
Barbeque Nation Hospitality was integrated within the 12 months 2006 and is without doubt one of the main informal eating restaurant chains within the nation right this moment. It is backed by non-public fairness investor CX Partners and Rakesh Jhunjhunwala’s funding agency Alchemy Capital.
IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets are the ebook working lead managers to the general public subject of Barbeque Nation Hospitality.
