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Barbeque-Nation Hospitality IPO is a book build issue of ₹452.87 crores. The issue is a combination of fresh issue of 0.36 crore shares aggregating to ₹180.00 crores and offer for sale of 0.55 crore shares aggregating to ₹272.87 crores.
Barbeque-Nation Hospitality IPO bidding started from Mar 24, 2021 and ended on Mar 26, 2021. The allotment for Barbeque-Nation Hospitality IPO was finalized on Apr 1, 2021. The shares got listed on BSE, NSE on Apr 7, 2021.
Barbeque-Nation Hospitality IPO price band is set at ₹500.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,940 (30 shares). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹10,05,000.
The issue includes a reservation of up to 40,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Ambit Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Barbeque-Nation Hospitality IPO RHP for detailed Information.
| IPO Date | March 24, 2021 to March 26, 2021 |
| Listing Date | April 7, 2021 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹498 to ₹500 per share |
| Issue Price Final | ₹500 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 90,57,470 shares (aggregating up to ₹452.87 Cr) |
| Fresh Issue | 36,00,000 shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 54,57,470 shares of ₹5 (aggregating up to ₹272.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,39,42,920 shares |
| Share Holding Post Issue | 3,75,42,920 shares |
Barbeque Nation IPO offers total 90,57,470 shares. Out of which 67,63,103 (74.67%) allocated to QIB, 27,05,242 (29.87%) allocated to QIB, 13,52,620 (14.93%) allocated to NII, 9,01,747 (9.96%) allocated to RII and 40,57,861 (44.80%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 67,63,103 (74.67%) | NA |
| − Anchor Investor Shares Offered | 40,57,861 (44.80%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 27,05,242 (29.87%) | NA |
| NII (HNI) Shares Offered | 13,52,620 (14.93%) | NA |
| Retail Shares Offered | 9,01,747 (9.96%) | 30,058 |
| Employee Shares Offered | 40,000 (0.44%) | NA |
| Total Shares Offered | 90,57,470 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Barbeque-Nation Hospitality IPO opens on March 24, 2021, and closes on March 26, 2021.
| IPO Open Date | Wed, Mar 24, 2021 |
| IPO Close Date | Fri, Mar 26, 2021 |
| Tentative Allotment | Thu, Apr 1, 2021 |
| Initiation of Refunds | Mon, Apr 5, 2021 |
| Credit of Shares to Demat | Tue, Apr 6, 2021 |
| Tentative Listing Date | Wed, Apr 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 26, 2021 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹1,95,000 |
| S-HNI (Min) | 14 | 420 | ₹2,10,000 |
| S-HNI (Max) | 66 | 1,980 | ₹9,90,000 |
| B-HNI (Min) | 67 | 2,010 | ₹10,05,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Nov-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 9,085.85 | 9,554.58 | 8,190.85 | 7,231.60 | |
| Total Revenue | 2,366.08 | 8,507.94 | 7,425.41 | 5,904.48 | |
| Profit After Tax | (1,006.48) | (329.28) | (383.86) | (58.00) | |
The Company Barbeque-Nation Hospitality IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Capital expenditure for expansion and opening of new restaurants by the Company | 54.62 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings obtained by our Company on a consolidated basis | 75.00 |
| 3 | General corporate purposes | 38.32 |
[Dilip Davda] As per financial data the company has posted a cumulated loss of Rs. 154.78 cr. For the last 32 months working which is alarming. Management has clarified that due to its ongoing expansion plans and higher provisions for depreciation etc., it has posted losses. But looking at the losses made in the first eight months of the current fiscal on account of pandemic scare and resurgence of the same since past one week or so, immediate future appears gloomy. There is no certainty of restoration of normalcy in the near term and thus, it may continue to face the music. It made pre-IPO placement at Rs. 252 per share just two months before and now asking nearly double the price. Considering all these and the negative P/E, cash surplus, risk savvy investors may consider parking their hard-earned money at their own risks. Read detail review...
| Listing Date | April 7, 2021 |
| BSE Script Code | 543283 |
| NSE Symbol | BARBEQUE |
| ISIN | INE382M01027 |
| Final Issue Price | ₹500 per share |
| BSE Listing Group | B |
Barbeque-Nation Hospitality Ltd.
Sy. No. 62, Site No.13, 6th Cross, N.S. Palya,
BTM Layout, Bengaluru – 560 076
Bengaluru, Karnataka
Phone: +91 80 4511 3000
Email: compliance@barbequenation.com
Website: http://www.barbequenation.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: bnhl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Barbeque-Nation Hospitality IPO is a main-board IPO of 90,57,470 equity shares of the face value of ₹5 aggregating up to ₹452.87 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 30.
The IPO opens on March 24, 2021, and closes on March 26, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Barbeque-Nation Hospitality IPO using UPI as a payment gateway. Zerodha customers can apply in Barbeque-Nation Hospitality IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Barbeque-Nation Hospitality IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Barbeque-Nation Hospitality IPO opens on March 24, 2021 and closes on March 26, 2021.
Barbeque-Nation Hospitality IPO lot size is 30, and the minimum amount required for application is ₹15,000.
You can apply in Barbeque-Nation Hospitality IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Barbeque-Nation Hospitality IPO will be done on Thursday, April 1, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 6, 2021. Check the Barbeque-Nation Hospitality IPO allotment status.
The Barbeque-Nation Hospitality IPO listing date is on Wednesday, April 7, 2021.
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