Barbeque Nation IPO allotment status listing date and more
Barbeque Nation IPO allotment status listing date and more. The Barbeque Nation Hospitality launched on Wednesday for public subscription, received Rs. 203 crore of anchor investors in advance of the first selling. Barbeque Nation IPO: Offer start date: 24th March Barbeque Nation IPO: Offer end date: 26th March. Allotment finalization date 1st April. However, the Refund initiation date 5th April, and the Demat transfer date 6th April. Similarly, the Listing date 7th April.
The IPO committee of the Firm has agreed to distribute 40,57,861 shares at Rs. 500 apiece to 21 anchor investors. Hence, Rs. 202.89 crore was elevated at this price. The anchor investor’s included Goldman Sachs India Ltd, Nomura Funds Ireland Pucial Limited Company, Fidelity Investment Trust, SBI Mutual Fund (MF), Kuber India Fund, the Pioneer Investment Fund, and the UPS Global Trust.
Barbeque Nation Hospitality is funded by CX Partners as a private equity investor and renowned Rakesh Jhunjhunwala stock market investor Alchemy Capital. The original public offer included a redeeming of Rs. 180 crore shares, and an offer to sell up to 54,57,470 shares. Shares aggregated for qualifying workers up to Rs. 2 crores are reserved.
Hospitality Barbeque Country owns and runs Restaurants:
The company has specified a range of Rs. 498-500 per share. That is open for public subscribers from 24th-26th March. The IPO expected to grab Rs. 453 crore at the upper end of the price range. By means of a pre-IPO investment from Xponentia Capital and Jubilant Foodworks. The company has now raised Rs. 150 crores. In addition to the prepayment or redemption of such borrowings and expenditures for general corporate intent.
The developers own an equity ratio of 60.24% stake. CX Partners has a share of 33.79%, and Alchemy Capital has 2.05% owned by Jhunjhunwala. In FY20, the company’s overall market revenue was Rs. 850.8 crore. While the CAGR was 19.5 percent, varying from FY17 to FY20. In July 2020, SEBI permission to float the IPO has obtained by Barbeque National Hospitality which submitted preliminary papers in February of last year. The problem handled by IIFL, Axis Capital, Ambit Capital, and SBI Capital Markets. Hospitality Barbeque Country owns and runs restaurants. The business submitted SEBI IPO documents earlier in 2017, with the aim of raising Rs. 700 crore. However, the company did not start initial share sales.