Barbeque Nation IPO: Barbeque Nation’s share sale by way of 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 supply of the corporate will shut on Friday, March 26, remaining open for traders for a interval of three days. By its preliminary public supply, Barbeque Nation plans to boost round Rs 453 crore on the higher finish of the value band. The IPO consists of a contemporary situation 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 response to 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 heaps, 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 shouldn’t be determined as but.
The corporate’s important goal of constructing the general public supply is to satisfy the prepayment or compensation of all or part of the corporate’s excellent borrowings, that have been availed on a consolidated foundation. By its IPO, it additionally meant to finish basic company functions.
Barbeque Nation was included in 2006 and now capabilities because the nation’s fastest-growing restaurant model. It is likely one of the main informal eating restaurant chains within the nation and provides 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.