Barbeque Nation IPO Evaluate 2021: The Barbeque Nation Hospitality IPO opens on twenty fourth March and closes on twenty sixth March 2021. On this article, we cowl the Barbeque Nation IPO assessment and look into essential IPO data and discover out the potential prospects of the corporate. Stick with us for the subsequent 5 minutes to get a solution to the query – Do you have to subscribe?
Barbeque Nation IPO Evaluate – Concerning the Firm
Barbeque Nation Hospitality is the proprietor of the informal eating restaurant Barbeque Nation Eating places, Toscano Eating places and UBQ. They opened their first restaurant within the 12 months 2008. Over time they’ve grown to open 138 Barbeque Nation Eating places in 73 cities throughout the nation.
The corporate additionally acquired the model “Crimson Apple” which operates 9 Italian eating places beneath the title Toscano and 1 restaurant by the title “La Terrace” in Bengaluru and Chennai. Their UBQ model presently caters to the restaurant’s supply section.
Additionally they have expanded globally by opening 7 shops within the UAE, Oman and Malaysia. Its sheer dimension has made it one of many main gamers within the organised informal eating section.
Key IPO Data of Barbeque Nation
The promoters of the corporate embrace the Dhanani household which consists of Azhar Dhanani, Sadiya Dhanani, Sanya Dhanani, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani by means of their listed flagship Sayaji Motels. They maintain a forty five.7% stake in Barbeque Nation by means of Sayaji Hotels Limited and Sayaji Housekeeping Companies Restricted.
The corporate can also be backed by CX Companions which owns 21.72% of the agency. They’re additionally backed by ace investor Rakesh Jhunjhunwala‘s funding agency Alchemy Capital holds 2.07%.
The difficulty includes each an Provide for Sale and a Contemporary Problem. The Provide for Sale features a sale of 54,57,470 fairness shares by shareholders Sayaji Housekeeping Companies, Azhar Dhanani, Sadiya Dhanani, Sanya Dhanani.
The OFS additionally consists of the sale of funding by different traders like Tamara, Aajv Funding Belief and Menu Non-public Restricted. Regardless of the OFS forming a serious portion ace investor Rakesh Jhunjhunwala has acknowledged that he’ll stay invested within the firm.
The promoters have appointed IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets because the lead managers to the problem. Hyperlink Intime India Non-public Ltd. has been appointed because the registrar to the problem.
|IPO Measurement||₹452.87 Cr|
|Contemporary Problem||₹180.00 Cr|
|Provide For Sale(OFS)||₹272.87 Cr|
|Opening Date||Mar 24, 2021|
|Closing Date||Mar 26, 2021|
|Face Worth||₹5 per fairness share|
|Value Band||₹498 to ₹500 per fairness share|
|Lot Measurement||30 Shares|
|Minimal Lot Measurement||1|
|Most Lot Measurement||13|
|Itemizing Date||Apr 7, 2021|
Additionally it is essential to notice that the corporate had filed for an IPO in 2017 to lift Rs. 700 crores. The processing of the IPO nonetheless was stored in short-term suspension by the SEBI attributable to pending regulatory motion for previous violations.
The IPO was accepted by the SEBI in 2018 however the firm didn’t go forward with the IPO attributable to unfavourable market circumstances. Within the meantime, the corporate raised capital from Rs 149.97 crore in its pre-IPO placement.
|In search of the finest Demat and Buying and selling account to begin your inventory market journey? Open your demat account with the No 1 Stockbroker in India — Be part of +4 Million Buyers & Merchants, Zero Brokerage on investing in shares and mutual funds, Immediate Paperless on-line account opening. Click here to Start Now!!|
Barbeque Nation IPO Evaluate – Goal of the IPO
The proceeds from the IPO will likely be used for:
- Reimbursement/Prepayment of all or part of the corporate’s excellent borrowings.
- Growth functions and different common company functions.
- For provide on the market.
The IPO opens on twenty fourth March and closes on twenty sixth March 2021. For retail traders, it may be alternative to look into the corporate’s future prospects and apply for the IPO in the event that they imagine within the merchandise and development prospects of Barbeque Nation.
That’s all for this put up. Do tell us what you consider the Barbeque Nation IPO assessment. Are you planning to use for this IPO or not? Remark under. Cheers!
Save Upto 90% on Brokerage Charge
Commerce Brains’ really helpful prime brokers to open demat and buying and selling account in India
Aron, Bachelors in Commerce from Mangalore College, entered the world of Fairness analysis to discover his pursuits in monetary markets. Outdoors of labor, you may catch him binging on a present, supporting RCB, and dreaming of visiting Kasol quickly. He additionally believes that consuming child’s ice-cream is one of the best ways to show them taxes.