Barbeque Nation Hospitality IPO – Review, Allotment, Subscription, GMP & more

Let’s have a detailed review of the company and analytics of the Barbeque Nation Hospitality Limited IPO release date, IPO offer price, subscription, Barbeque Nation Hospitality IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Barbeque Nation Hospitality IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

They own and operate Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains according to the Technopak Report, and International Barbeque Nation Restaurants.

They also own and operate Toscano Restaurants and UBQ by Barbeque Nation. The first Barbeque Nation Restaurant was launched in 2006 by SHL, one of their promoters.

They have steadily grown their owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2008 to 138 Barbeque Nation Restaurants in 73 cities in India and seven International Barbeque Nation Restaurants in three countries outside India as of November 30, 2019.

The Promoters of this company are SAYAJI HOTELS LIMITED, SAYAJI HOUSEKEEPING SERVICES LIMITED, KAYUM DHANANI, RAOOF DHANANI AND SUCHITRA DHANANI. The lead managers to the issue are IIFL Securities Limited, Axis Capital Limited, Ambit Capital Private Limited, SBI Capital Markets Limited. The Registrar to this issue is Link Intime India Private Limited.

Barbeque Nation Hospitality IPO Dates / Launch Date

The opening and the closing date of Barbeque Nation Hospitality IPO is 24 March 2021 to 26 March 2021.

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Barbeque Nation IPO Subscription 

The shares subscribed by the public will be updated here.

Barbeque Nation Hospitality IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Barbeque Nation Hospitality IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Barbeque Nation Hospitality IPO Price Band

The face value of each share is Rs.5, and the cash price of the IPO is Rs 498-500.

Barbeque Nation Hospitality IPO Size

This Initial Public Issue of [●] Equity Shares of Rs.5 each for price band of Rs 498-500 per equity share aggregating to Rs. 4528.7 Million.

Barbeque Nation Hospitality IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.5 each, aggregating to Rs.2,750 million,

Net Offer: The Offer minus the Employee Reservation Portion

Offer for Sale: Offer for sale consists of Up to 5,457,470 Equity Shares of the face value of Rs.5 each for cash at a price of Rs.498-500 per Equity Share aggregating Rs.2728.7 Million.

Barbeque Nation Hospitality IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Barbeque Nation Hospitality IPO Grey Market Premium

The Barbeque Nation Hospitality Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

Barbeque Nation IPO – Company Overview

They launched their first Barbeque Nation Restaurant in 2008, and subsequently acquired five Barbeque Nation Restaurants owned by SHL in 2012. They have steadily grown their owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2008 to 138 Barbeque Nation Restaurants in 73 cities in India and seven International Barbeque Nation Restaurants in three countries outside India as of November 30, 2019.

The company also recently acquired 61.35% of the equity share capital on a fully diluted basis of one of their Subsidiaries, Red Apple, which owns and operates nine restaurants under the brand name, “Toscano”, a casual dining Italian restaurant chain and operates a single restaurant under the brand name “La Terrace”.

The first Toscano Restaurant commenced operations in June 2008 and, as of November 30, 2019, they operated ten Italian cuisine restaurants, nine of which are under the brand name “Toscano”, in two cities in India. In November 2018, they launched UBQ by Barbeque Nation to provide a la carte Indian cuisine in the value segment. At present, UBQ by Barbeque Nation predominantly caters to the delivery segment.

Barbeque Nation Hospitality Core Values and Crafted Service

They believe the value they offer, the nature and quality of their food offerings and the ambience and service of their restaurants create a one-of-a-kind overall customer experience. Through their Barbeque Nation Restaurants, they pioneered the format of ‘over the table barbeque’ concept in Indian restaurants according to the Technopak Report.

Live grills embedded in dining tables allow their guests to grill their own barbeques. They believe their Barbeque Nation Restaurants, compared to other fixed price dining options, offer competitive attractions such as a wide range of vegetarian and non-vegetarian appetisers and main courses, a popular dessert menu, a pleasant and casual dining environment and prompt service.

They also periodically run popular food festivals at their Barbeque Nation Restaurants offering their guests a range of Indian, international and fusion cuisines.

Barbeque Nation Hospitality – Expanded Business

They have recently diversified into another brand pursuant to their acquisition of 61.35% of the equity share capital on a fully diluted basis of Red Apple, which operates 10 Italian Restaurants in two cities in India, namely Bengaluru and Chennai.

Of the Italian Restaurants operated by them as of November 30, 2019, two Toscano Restaurants were opened since March 31, 2019 whereas four Toscano Restaurants were opened in the three Fiscals immediately preceding Fiscal 2019. Their acquisition of Red Apple has enabled them to diversify their brand, cuisine and customer segment beyond their flagship concept of ‘over the table barbeque’.

UBQ by Barbeque Nation provides a la carte Indian cuisine in the value segment, initially through leading food delivery service providers for the delivery of their food. As of November 30, 2019, they were providing delivery in 71 cities in India of a la carte Indian cuisine under UBQ by Barbeque Nation from their existing kitchen infrastructure.

Barbeque Nation Hospitality – Growth Prospects

According to Technopak, the chain CDR market is one of the fastest growing segments in the Indian restaurant industry and is projected to grow at a CAGR of approximately 20.00% from Fiscal 2019 to Fiscal 2024.

Their Barbeque Nation Restaurants have experienced steady growth in the number of covers over the last three Fiscals, and the proportion of total revenues from weekday sales and lunch covers at Barbeque Nation Restaurants is relatively higher as compared with the industry average according to the Technopak Report.

They carefully choose the locations of their Barbeque Nation Restaurants with the objective of keeping their rent to potential revenue ratio low.

Barbeque Nation Hospitality Achievements

Their Company was ranked 13th among best companies to work for in India across all categories by Economic Times “Great Places to Work” survey for 2019 conducted by Great Places to Work Institute. Their Company was also voted among the top ten employers within the Indian retail industry for 2019 by Great Places to Work and 14th among best large workplaces in Asia by Great Places t

Barbeque Nation  IPO – Financial Statements

On the basis of the Standalone statement:

Earnings per Equity Share (in Million)

From FY 2016-17 to FY 2019-2020, as per the Restated Financial Statements

• Their standalone total revenue, EBITDA and Adjusted EBITDA has changed from Rs.5,763.04 million Rs.1,443.93 million and Rs.904.45 million respectively.
• In Fiscal 2018 to Rs.7,903.58 million, Rs.1,595.47 million and Rs.809.06 million respectively, in Fiscal 2020, at a CAGR of 17.11%, 5.12% and (5.42%), respectively.
• In Fiscals 2018, 2019 and 2020 and for eight months ended November 30, 2020, their total standalone revenues were Rs.5,763.04 million, Rs.7,076.29 million, Rs.7,903.58 million and Rs.2,087.91 million,
• Their standalone EBITDA was Rs.1,443.93 million, Rs.1,653.29 million, Rs.1,595.47 million and Rs.99.16 million and their Adjusted EBITDA was Rs.904.45 million, Rs.1,011.23 million, Rs.809.06 million and ₹(455.32) million, respectively.
• The Company also had negative net working capital in Fiscals 2018, 2019, 2020 and for eight months ended November 30, 2020.

Barbeque Nation Hospitality IPO – Promoters

The Promoter of this company is:

• SAYAJI HOTELS LIMITED
• SAYAJI HOUSEKEEPING SERVICES LIMITED
• KAYUM DHANANI
• RAOOF DHANANI
• SUCHITRA DHANANI

List of Related Parties (Key Managerial Personnel)

• Nagamani C Y, Company Secretary and Compliance Officer
• Rahul Agrawal, Chief Executive Officer
• Amit V Betala, Chief Financial Officer

Barbeque Nation IPO – Promoter Holding

• Pre Issue Equity Shareholding – 60.21%
• Post Issue Equity Shareholding – NA

Barbeque Nation Hospitality IPO Offer Details or Issue Details

Barbeque Nation IPO Issue Object

The Net Proceeds are proposed to be utilized in the following manner:

1. prepayment or repayment of all or a portion of certain outstanding borrowings availed by their Company on a consolidated basis; and

2. general corporate purposes,

Barbeque Nation IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

• Barbeque Nation is one of India’s fastest growing and widely recognised restaurant brands in the rapidly growing CDR market
• Steady growth in covers and APC leading to growth in average bill size with a relatively high proportion of total revenues from weekday sales and lunch covers
• Attractive offerings based on constant menu innovation and customer focus
• Strong business processes and back-end systems leading to efficient operations
• Experienced staff and value-oriented business culture led by some of their Promoters and their senior management team bringing experience from well-known hospitality brands
• Healthy financial position with proven track record of revenue growth

Barbeque Nation IPO – Quantitative Factors

• Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each

Barbeque Nation IPO: Competitive Peers

Barbeque Nation IPO Lead Managers

Barbeque Nation Hospitality IPO Registrar to Offer

Barbeque Nation IPO – Other Details

• Statutory Auditor – Deloitte Haskins & Sells
• Legal Counsel to the Company –Platinum Partners
• Bankers to the Company –Axis Bank Limited, Induslnd Bank Limited, Yes Bank Limited

Barbeque Nation IPO Review by Top Stock Brokers

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Barbeque Nation IPO News

News 1 – Barbeque Nation Hospitality IPO  [Download DRHP Prospectus]

News 2 – Barbeque Nation IPO  [Download RHP Prospectus]

Barbeque Nation Hospitality IPO FAQs

Ques – What is the Issue Size of Barbeque Nation Hospitality IPO?

Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

Ques – What is the Price band?

Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

Ques – What is the Barbeque Nation Hospitality IPO Open Date?

Answer – The opening and closing dates for the IPO have been updated. The IPO is set to open on 24 March 2021, while the closing date is set at 26 March 2021.

Ques – What is the IPO Allotment Date?

Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on Apr 1, 2021, refund initiation is on Apr 5, 2021, credit of shares is on Apr 6, 2021 and share listing date is on Apr 7, 2021.

Ques – What is the IPO Listing Date?

Answer – Shares of this company shall be listed in the exchanges Apr 7, 2021. The date, when the listing would be done, is stagnant on NA.

Ques – Who is the Registrar of this IPO?

Answer – One of the reputed registrars are managing the issue of this IPO, i.e. Link InTime. Their website will help you regarding the further information you are on a lookout for.

Ques – Who is the Promoter of this Company?

Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

Ques – What is GMP of Barbeque Nation Hospitality IPO?

Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Ques – Is Barbeque Nation Hospitality IPO good for Investment?

Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

Ques – What is the PAT of this Company?

Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Millions is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.

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