Barbeque Nation Hospitality Limited IPO Detail
Incorporated in 2006, Barbeque Nation Restaurants is one of the leading casual dining restaurant chains in India. It offers the best quality of food offerings, ambiance, and services to customers. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation that caters to the delivery segment.
The first Barbeque Nation Restaurant was established in 2008 and as of November 30, 2019, the network has been steadily grown to 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants in 3 countries outside India. The company has recently diversified into another brand "Red Apple" which operates 10 Italian restaurants in 2 cities of India i.e. Bengaluru and Chennai.
Competitive strengths
- One of India's fastest-growing restaurant brands.
- Diversified offerings for both vegetarian and non-vegetarians.
- Experienced promoters and managers team.
- Healthy financial position with a proven track record of revenue growth.
Company Promoters
Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani are the company promoters.IPO Details
| IPO Opening Date | Mar 24, 2021 |
| IPO Closing Date | Apr 26, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹498 - 500 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹452.87 Cr |
| Fresh Issue | Eq Shares of ₹5 (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 5,457,470 Eq Shares of ₹5 (aggregating up to ₹272.87 Cr) |
| Retail Portion | - |
IPO Tentative Timetable
The Barbeque Nation Hospitality Limited IPO open date is Mar 24, 2021, and the close date is Apr 26, 2021. The issue may list on Apr 07, 2021.
| IPO Open Date | Mar 24, 2021 |
| IPO Close Date | Apr 26, 2021 |
| Basis of Allotment Date | Apr 01, 2021 |
| Initiation of Refunds | Apr 05, 2021 |
| Credit of Shares to Demat Account | Apr 06, 2021 |
| IPO Listing Date | Apr 07, 2021 |
IPO Lot Size
The Barbeque Nation Hospitality Limited IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 30 | ₹15000 |
| Maximum | 13 | 390 | ₹195000 |
IPO Promoter Holding
| Pre Issue Share Holding | 47.80% |
| Post Issue Share Holding | 37.79% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Nov-20 | 9,085.85 | 2,366.08 | 1,006.48 |
| 31-Mar-20 | 9,554.58 | 8,507.94 | 329.28 |
| 31-Mar-19 | 8,190.85 | 7,425.41 | 383.86 |
| 31-Mar-18 | 7,231.60 | 5,904.48 | 58.00 |
Objects of the Issue:
- To make prepayment/repayment of all or a part of the company's outstanding borrowings availed on a consolidated basis.
- To meet general corporate purposes.
