Barbeque Nation IPO: All You Need To Know
On March 22, 2021, Barbeque-Nation Hospitality Ltd filed the final Red Herring Prospectus with the SEBI. The company has set the Initial Public Offering (IPO) date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Barbeque-Nation initial public offering.
Barbeque Nation IPO Dates & Price Band: (Tentative)
| IPO Open: | 24 March 2021 |
| IPO Close: | 26 March 2021 |
| IPO Size: | Approx ₹452.87 Crores (Approx) |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹498 – ₹500 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Equity: | 90,57,470 Shares |
Barbeque Nation IPO Market Lot:
| Particulars | No. of lots | Equivalent no. of shares | Cut-off amount |
| Minimum you can apply | 1 | 30 equity shares | ₹15,000 |
| Maximum you can apply | 13 | 390 equity shares | ₹195,000 |
Barbeque Nation IPO Allotment & Listing:
| Basis of Allotment: | 1 April 2021 |
| Refunds: | 5 April 2021 |
| Credit to Demat Account: | 6 April 2021 |
| Listing Date: | 7 April 2021 |
Financials of Barbeque Nation Hospitality Ltd.
| Particulars | 31-Nov-2020 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
| Total Assets (in millions) | 9,085.85 | 9,554.58 | 8,190.85 | 7,231.60 |
| Total Revenue (in millions) | 2,366.08 | 8,507.94 | 7,425.41 | 5,904.48 |
| Profit After Tax (in millions) | (1,006.48) | (329.28) | (383.86) | (58.00) |
About Barbeque Nation
Barbeque-Nation Hospitality Ltd owns and runs a restaurant chain under the ‘Barbeque Nation’ brand in over 73 cities across India, as you may be aware. The business also owns the brands ‘Toscano,’ ‘La Terrace,’ and ‘UBQ,’ and runs a number of casual dining restaurants under these names.
Barbeque-Nation Hospitality Ltd is a prominent and well-known brand with incredible brand value, with over 138 restaurants as of 2019. The business owns and operates seven restaurants in three separate countries in addition to those in India.
The company’s revenue has risen from about Rs. 55.89 million in March 31, 2019 to Rs. 112.34 million in March 31, 2020, which is nothing short of remarkable.
Objective of the Issue:
The funds raised from the new issue will be used by Barbeque Nation Hospitality Limited to:
- Capital expenditures for the Company’s expansion and new restaurant openings
- Prepayment/repayment of all or a portion of the company’s remaining consolidated borrowings.
- General corporate purposes.