Barbeque-Nation Hospitality Ltd has filed the final Red Herring Prospectus with the SEBI on March 22, 2021. The company has finalized the IPO date and the price band at which the shares are about to be offered for sale. Let’s take a look at the Barbeque-Nation IPO details.
About the company
As you might already have been aware, Barbeque-Nation Hospitality Ltd owns and operates a chain of restaurants under the ‘Barbeque Nation’ brand in over 73 cities in India. The company also possesses the ‘Toscano’, ‘La Terrace’, ‘UBQ’ brands and operates several casual dining restaurants under these brands as well.
With more than 138 restaurants as of 2019, Barbeque-Nation Hospitality Ltd is a popular and well-known brand with amazing brand equity. In addition to owning and operating restaurants in India, the company also runs 7 others in three different countries. The revenue growth of the company has been nothing short of impressive, with the figure growing from around Rs. 55.89 million in March 31, 2019 to Rs. 112.34 million in March 31, 2020.
Barbeque-Nation Hospitality Ltd IPO details
Here’s a quick overview of the key details of the upcoming IPO including the BBQ Nation IPO date and the Barbeque-Nation stock price.
Barbeque-Nation IPO date
The company has notified the opening date of the upcoming IPO issue as March 24, 2021. After staying open for around 3 days, the issue would come to a close on March 26, 2021.
Barbeque-Nation Hospitality Ltd IPO issue size
The total issue size of the latest IPO of the company aggregates up to Rs. 452.87 crores. It consists of both a fresh issue of shares worth Rs. 180 crores and an Offer for Sale (OFS) from the promoters of the company of around 54,57,470 equity shares worth Rs. 272.87 crores.
Barbeque-Nation share price
Since the issue is book built, the price band of the new IPO has also been announced by the company, which is Rs. 498 to Rs. 500 per equity share.
Barbeque-Nation IPO listing
As with many of the mainstream new IPOs, the one from Barbeque-Nation Hospitality Ltd would also be listed on both the premier stock exchanges of the country - the BSE and the NSE.
Barbeque-Nation IPO objectives
The company has proposed to use the net proceeds from the latest IPO issue primarily for the repayment of the company’s borrowings. The remaining amount, if any, would be used for meeting other general corporate purposes.
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