The foodies among us surely have fond memories associated with this upcoming IPO. Remember skipping lunch because you were headed for a buffet dinner at Barbeque Nation (BN)? However, with BN headed for a stock market debut, you’re probably looking to grab a piece of the company’s stake. Here’s a quick round-up about the company and its public issue.
Key details
- Price band: ₹498–500 per equity share
- Lot size: 30 shares
- IPO size: ₹452 crore
Fresh issue: ₹180 crore - Cost per lot: ₹15,000
- Issue opens: 24 March 2021
- Issue closes: 26 March 2021
- Basis of allotment date: 1 April 2021
- Initiation of refunds: 5 April 2021
- Credit of shares to demat account: 6 April 2021
- Expected listing date: 7 April 2021
About Barbeque Nation Hospitality
Barbeque Nation Hospitality is the owner of the Barbeque Nation (BN) chain of casual dining restaurants (CDR). It also owns the Toscano and UBQ chains of restaurants. As of 31 December 2020, it has 164 restaurants, including 147 BNs across 77 cities in India, 11 Italian restaurants and six international outlets.
The CDR market grew at a CAGR of 19% from FY15–20 and is expected to grow at 18% till FY25. The company’s revenues have grown at a CAGR of 20% from FY15–20. However, it hasn’t recorded profits during this time.
About the issue
The ₹452 crore issue comprises a fresh issue of ₹180 crore, while the rest is an offer for sale. The proceeds from the fresh issue will be used to expand the business by opening new restaurants and repaying loans.
IPO allocation quota
| QIB | HNI | Retail |
| 75% | 15% | 10% |
To know more about the IPO, read its red herring prospectus. The issue opens on 24 March 2021 and you can subscribe to the Barbeque Nation IPO with Upstox here. Meanwhile, we’ll keep you posted on all the updates about this IPO and the public issues that follow, so stay tuned!