Barbeque Nation IPO starts from March 24

The most renowned casual dining restaurant chain, Barbeque Nation Restaurants, is all set to open its initial public offering (IPO) for subscription on March 24 whose owner is Barbeque Nation Hospitality.

The price band for the public issue is decided is between Rs 498-500 per equity share.

Moreover, the BBQ IPO fresh issue is of Rs 180 crore and an offer for sale of 54,57,470 equity shares (aggregating Rs.272.87 Crores).

BBQ IPO Promoters are – Sayaji Housekeeping Services, Azhar Dhanani, Sadiya Dhanani, Sanya Dhanani, Tamara, Aajv Investment Trust, and Menu Private Limited.

Clearly, the minimum application size is Rs 15,000 per lot at the higher price band. And the maximum application size is Rs. 195,000 for 390 Equity shares.

The share issue will close on March 26. The bidding for the day will start from will March 23. Currently, with the promoters, the pre-issue shareholding is around 60.21%.

Here are some related links related to this IPO:

Barbeque Nation IPO GMP
Barbeque Nation IPO Allotment
Review – Barbeque Nation IPO
Barbeque Nation Share Price

The company owns and operates Barbeque Nation Restaurants as one of India’s leading casual dining restaurant chains. This was according to the Technopak Report and International Barbeque Nation Restaurants.

The first Barbeque Nation Restaurant launched in the year 2006 and SHL was one of their promoters.

In a decade, Barbeque Nation Restaurant has steadily grown its owned and operated network from a single restaurant.

The opening and the closing date of Barbeque Nation Hospitality IPO is 24 March 2021 to 26 March 2021. Also, the allotment of the issue is dated 1st April 2021.

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