Is IPO of Barbeque nation sizzling as its dishes?

A casual dining chain known as Barbeque Nation is all set for its Initial Public Offering(IPO). On 24^th March 2021 IPO of barbeque nation will open for subscription and this 3-day public issue will close on 26^th March. 

How and Where to apply for Barbeque Nation IPO:- 

You can easily apply for this IPO on the GEPL Capital IPO portal. To apply click here. If you are not our client still you can apply for this IPO. But it's always good to have a Demat account with the most trusted stockbroker in India. Click here to get your free Demat account.

5 Things About Barbeque nation IPO:- 

What is the date and issue size for the barbeque nation IPO:- 

Barbeque Nation Hospitality IPO will open on Wednesday, March 24th, and the bid-offer will close on Friday, March 26th, with an issue size of Rs 452 to 453 crore. The anchor investor bidding will take place on March 23.

What is the special reservation for this IPO:-

The firm has set aside Rs 2 crore in stock for its workers. At the higher price band, investors can bid for a minimum of 30 equity shares and multiples of 30 equity shares, resulting in a minimum application size of Rs 15,000 per lot.

Barbeque nation IPO share quantity:

The IPO consists of a fresh issue of up to 180 crores worth of shares, as well as an offer for sale of up to 5,457,470 equity shares by existing promoters and shareholders.

Listing details for IPO of barbeque nation:-

The listing date for this IPO is April 7^th, 2021. Barbeque Nation's initial public offering (IPO) will be listed on both the NSE and the BSE.

Company Profile of barbeque nation:- 

Barbeque Nation Restaurants, founded in 2006, is one of India's most successful casual dining restaurant chains. It provides customers with the highest quality food, ambiance, and services. Toscano Restaurants and UBQ by Barbeque Country, which caters to the distribution segment, are also owned and operated by the company. The first Barbeque Nation Restaurant opened in 2008, and as of November 30, 2019, the network had expanded to 138 Barbeque Nation Restaurants in 73 cities across India, as well as 7 International Barbeque Nation Restaurants in three countries. The business has recently expanded into a new brand called "Red Apple," which operates 10 Italian restaurants in Bengaluru and Chennai, India.

Strength of the company:- 

• Fastest Growing restaurant brand.with Diversified offerings for both vegetarian and non-vegetarians.
• Financially sound, with a track record of rising sales and profitability.
• The company posted total operating revenue of Rs 850.8 crore in FY20, with a CAGR of 19.5 percent from FY17 to FY20.

Summary:- 

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