BBQ Nation - IPO | Motilal Oswal

BBQ Nation - IPO

The new IPO from BBQ Nation is easily one of the most awaited IPOs of the year. Let’s take a look at some of the key BBQ Nation IPO details.

About the company

Incorporated in the year 2006, Barbeque Nation Hospitality Limited, is a company that owns multiple restaurants throughout the country under the ‘Barbeque Nation’ brand name. That’s not all. The company also owns and operates other casual dining restaurants under the ‘Toscano’, ‘La Terrace’, and ‘UBQ’ brand names as well.

As of 2019, BBQ Nation owns more than 138 restaurants in as many as 73 cities in India. The company also owns around 7 restaurants in three countries other than India. BBQ Nation’s total revenue has grown steadily over the years from Rs. 4,916 million in FY2017 to around Rs. 7,076 million in FY19. The company is not only fast growing, but also enjoys significant brand equity and is one of the most recognizable restaurant brands in India.

BBQ Nation IPO details

Now that you’re aware of the company, here are some of the key details of this issue including the BBQ Nation IPO date and the BBQ Nation IPO share price band.

BBQ Nation IPO date

The opening and closing dates of the upcoming IPO from BBQ Nation are still shrouded in mystery. More details regarding the same can be expected in the near future.

BBQ Nation IPO issue size

The total issue of the BBQ Nation IPO consists of a fresh issue of shares aggregating up to Rs. 275 crores. On top of that, there’s also an Offer for Sale (OFS) from the promoters of the company whereby around 9,822,947 equity shares would also be put up for sale.

BBQ Nation IPO share price band

Since the company has filed only the Draft Red Herring Prospectus till date, the share price band of the latest IPO is also not known to the public. As with the IPO date, more information regarding the same can be expected once the company files its Red Herring Prospectus with the SEBI.

BBQ Nation IPO listing

The upcoming IPO from the company would be listed on both the NSE as well as the BSE. The company has received in-principle approvals from both the stock exchanges in this regard.

BBQ Nation IPO objectives

BBQ Nation has proposed to utilize the net proceeds from this latest IPO towards the repayment or prepayment of outstanding borrowings of the company and for general corporate purposes.

Before commencing online trading, always remember to open a Demat Account and Trading Account with a trusted and reliable financial partner.

If you already have an existing account, you can login to trade and invest in the IPO.

  • Open your FREE Demat Account in 5 Minutes
+91|
Select State
Select City
By submitting your details, you are authorising us to call you or send promotional communication even though you may be registered under DND
angle-up