Bbq Country Hospitality IPO: The casual dining restaurant chain was integrated in the year 2006Barbeque Nation Hospitality shares are most likely to be listed on the BSE and NSE tomorrow i.e.
April 6, 2021.
The Rs 453-crore IPO was subscribed 5.98 times, according to information available on the stock exchanges.The public problem got quotes for 2,99,01,510 shares versus 49,99,609 shares on offer.
The qualified institutional purchasers (QIBs) category was subscribed 5.11 times, non-institutional financiers 3.10 times and retail private investors, 13.13 times.The preliminary public offer consisted of a fresh issue of Rs 180 crore and a market of 54,57,470 equity shares.
Ahead of the public concern, the business had actually raised Rs 203 crore from anchor financiers.
Bbq Country will utilise the IPO continues to open brand-new restaurants, repay outstanding borrowings and for basic business purposes.Barbeque Nation Hospitality was incorporated in the year 2006 and is among the leading casual dining restaurant chains in the country today.
It is backed by personal equity financier CX Partners and Rakesh Jhunjhunwala's investment firm Alchemy Capital.IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets are the book running lead managers to the public concern of Bbq Nation Hospitality.