Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Barbeque Nation IPO ends with strong subscription
  • March 27,2021  09:29
  • The initial public offer (IPO) of Barbeque Nation Hospitality received bids for 2.99 crore shares as against 49.99 lakh shares on offer, according to the stock exchange data. The issue was subscribed 5.98 times.

    The retail individual investors category was subscribed 13.13 times. The qualified institutional buyers (QIBs) category was subscribed 5.11 times. The non-institutional investors category was subscribed 3.10 times.

    The issue opened for bidding on Wednesday, 24 March 2021, and closed on Friday, 26 March 2021. The price band for the IPO was set at Rs 498-500 per share. The issue comprised of fresh issue of up to Rs 180 crore and an offer for sale of 54,57,470 equity shares.

    Ahead of the IPO, the company on 23 March 2021 finalised allocation of 40,57,861 equity shares to anchor investors at Rs 500 per share, aggregating to Rs 202.89 crore.

    Out of net proceeds from the fresh issue of Rs 180 crore, an amount of Rs 54.62 crore is proposed to be utilized for capital expenditure for expansion and opening of new restaurants by the company; and Rs 75 crore is proposed to utilize for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company on a consolidated basis; and balance for general corporate purposes. The company proposes to add 20 new Barbeque Nation Restaurants in FY2022 and another 6 Barbeque Nation Restaurants in FY2023.

    Barbeque Nation Hospitality is one of India's leading casual dining restaurant chains, which owns and operates Barbeque Nation Restaurants and International Barbeque Nation Restaurants. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation Restaurant.

    The first Barbeque Nation Restaurant was launched in 2006 by one of the promoters, Sayaji Hotels (SHL), while the company launched its first Barbeque Nation Restaurant in 2008 and, subsequently, acquired five Barbeque Nation Restaurants owned by SHL in 2012. The company has steadily grown its owned and operated Barbeque Nation Restaurant network from a single restaurant in 2008 to 164 restaurants end December 2020, which includes 147 Barbeque Nation Restaurants across 77 cities in India, 6 International Barbeque Nation Restaurants in 3 countries outside India and 11 casual dining Italian restaurant chains (of which 9 are operated under the brand name Toscano, one restaurant each under the brand names La Terrace and Collage).

    On a consolidated basis, the company reported a net loss of Rs 100.65 crore and revenue of Rs 201 crore in the eight months ended on 30 November 2020.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory