Barbeque Nation IPO opens on March 24, 2021

 

Barbeque Nation Hospitality Limited IPO Details

Barbeque Nation IPO to open on Wednesday, March 24, 2021 at price band of ₹498-500/Share.

The IPO comprises a fresh issue of shares worth ₹180 crore and an offer-for-sale of up to 54,57,470 equity shares.

After Nazara Technologies, Barbeque Nation is the second company backed by Rakesh Jhunjhunwala to hit the capital market within a week.

Jhunjhunwala's investment firm Alchemy Capital holds close to 2% stake or 575,000 shares in Barbeque Nation Hospitality.

Barbeque Nation Hospitality, owns and operates Barbeque Nation restaurants.

The Barbeque Nation IPO open date is Mar 24, 2021, and the close date is Mar 26, 2021.

The Barbeque Nation IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares of ₹195,000).

Barbeque Nation IPO Tentative Timetable

The firm started in 2006, Barbeque Nation Restaurants is one of the leading casual dining restaurant chains in India. It offers the best quality of food offerings, ambiance, and services to customers. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation that caters to the delivery segment.

The first Barbeque Nation Restaurant was established in 2008 and as of November 30, 2019, the network has been steadily grown to 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants in 3 countries outside India. The company has recently diversified into another brand "Red Apple" which operates 10 Italian restaurants in 2 cities of India i.e. Bengaluru and Chennai.