Barbeque Nation IPO: The challenge worth of the provide is mounted at Rs 498-500 per share.
Barbeque Nation IPO: Barbeque Nation’s share sale through Initial Public Offering (IPO) will open for subscription from Wednesday, March 24, within the worth band of Rs 498- Rs 500 per fairness share. The IPO of one of many main informal eating restaurant chains within the nation will shut on Friday, March 26, remaining open for traders for a interval of three days. Through its preliminary public provide, the corporate plans to boost round Rs 453 crore on the higher finish of the worth band. The IPO consists of a recent challenge of shares price ₹180 crore and a suggestion on the market of as much as 5.46 million fairness shares by the current shareholders and promoters.
According to knowledge on inventory exchanges, the Barbeque Nation IPO market lot measurement is 30 shares. The minimal order amount of the IPO is 30 shares. A retail particular person investor can apply for as much as 13 tons, particularly 390 shares or ₹195,000. The shares are proposed to be listed on inventory exchanges BSE and NSE.
The firm’s major aims of creating the general public provide are to meet the prepayment or reimbursement of all or part of the corporate’s excellent borrowings availed on a consolidated foundation. Through its IPO, it additionally meant to finish basic company functions.
Barbeque Nations was included in 2006 and now features because the nation’s fastest-growing restaurant model. Apart from meals providers, it additionally gives customer-centric providers equivalent to ambiance. The very first Barbeque Nation restaurant was established in 2008. As of November 30, 2019, the community has been grown to 138 eating places throughout 73 cities within the nation and 7 of them are established abroad.
