Barbeque Nation IPO: Barbeque Nation’s share sale through preliminary public providing (IPO) will open for subscription on Wednesday, March 24, within the worth band of Rs 498- Rs 500 per fairness share. The general public provide of the corporate will shut on Friday, March 26, remaining open for buyers for a interval of three days. By means of its preliminary public provide, Barbeque Nation plans to boost round Rs 453 crore on the higher finish of the worth band. The IPO consists of a contemporary concern of shares price ₹180 crore and a proposal on the market of as much as 5.46 million fairness shares by the current shareholders and promoters.
In line with information on inventory exchanges, the Barbeque Nation IPO market lot dimension is 30 shares. The minimal order amount of the IPO is 30 shares. A retail investor can apply for a most of as much as 13 tons, particularly 390 shares or Rs 195,000. The shares are proposed to be listed on inventory exchanges BSE and NSE. The date of the itemizing isn’t determined as but.
The corporate’s major goal of creating the general public provide is to meet the prepayment or compensation of all or part of the corporate’s excellent borrowings, that had been availed on a consolidated foundation. By means of its IPO, it additionally supposed to finish normal company functions.
Barbeque Nation was integrated in 2006 and now features because the nation’s fastest-growing restaurant model. It is without doubt one of the main informal eating restaurant chains within the nation and affords all kinds of each vegetarian and non-vegetarian meals.
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.