Bookbuilding IPO | ₹453 Cr | Listed at BSE, NSE | Wed, Mar 24, 2021 - Fri, Mar 26, 2021
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 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹15,000 (30 shares) (based on upper price). 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 Open
Wed, Mar 24, 2021
IPO Close
Fri, Mar 26, 2021
Issue Price
₹500 per share
Market Cap (Pre-IPO)
₹1,877.15 Cr
| IPO Date | 24 to 26 Mar, 2021 |
| Listed on | Wed, Apr 7, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹498 to ₹500 |
| Issue Price | ₹500 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 90,57,470 shares (agg. up to ₹453 Cr) |
| Fresh Issue | 36,00,000 shares (agg. up to ₹180 Cr) |
| Offer for Sale | 54,57,470 shares of ₹5 (agg. up to ₹273 Cr) |
| Share Holding Pre Issue | 3,39,42,920 shares |
| Share Holding Post Issue | 3,75,42,920 shares |
| BSE Script Code / NSE Symbol | 543283 / BARBEQUE |
| ISIN | INE382M01027 |
Barbeque-Nation Hospitality IPO comprises a total issue size of 90,57,470 shares. The net offer to the public is 90,17,470 shares, after excluding 40,000 shares under a preferential allotment. Of the Net offer 67,63,103 (75.00%) are allocated to QIB, 13,52,620 (15.00%) allocated to NII 9,01,747 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 67,63,103 | 75.00% | 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 | 15.00% | 14.93% | NA |
| Retail Shares Offered | 9,01,747 | 10.00% | 9.96% | 30,058 |
| Preferential Reservations | ||||
| Employee Shares Offered | 40,000 | 0.44% | NA | |
| Total Shares Offered | 90,57,470 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| 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 |
Barbeque-Nation Hospitality IPO raises ₹202.89 crore from anchor investors. Barbeque-Nation Hospitality IPO Anchor bid date is March 23, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 23, 2021 |
| Shares Offered | 40,57,861 |
| Anchor Portion (₹ Cr.) | 202.89 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, May 1, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 30, 2021 |
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Barbeque Nation IPO is subscribed 5.98 times on March 26, 2021 5:00:00 PM (Day 3). The public issue subscribed 13.13 times in the retail category, 5.11 times in the QIB category, and 3.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.11 | 27,05,242 | 1,38,27,030 |
| NII | 3.1 | 13,52,620 | 41,92,440 |
| Retail | 13.13 | 9,01,747 | 1,18,41,420 |
| Employee | 1.02 | 40,000 | 40,620 |
| Total | 5.98 | 49,99,609 | 2,99,01,510 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission) | 12.56 |
| 2 | Brokerage, selling commission and bidding charges for members of the Syndicate, SCSBs, Registered Brokers, CRTAs and CDPs | 0.35 |
| 3 | Selling commission/processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Banks for Bids made by RIBs using UPI | 1.04 |
| 4 | Listing fees, SEBI filing fees, book building software fees, upload fees, BSE and NSE processing fees and other regulatory expenses | 2.47 |
| 5 | Fees payable to the legal counsels | 2.68 |
| 6 | Fees payable to the Monitoring Agency | 0.05 |
| 7 | Printing and stationery expenses | 1.46 |
| 8 | Advertising and marketing expenses for the Issue | 3.11 |
| 9 | Other advisors to the Issue | 2.79 |
| 10 | Miscellaneous | 3.73 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹500.00 | ₹500.00 |
| Open | ₹492.00 | ₹489.85 |
| Low | ₹481.35 | ₹481.85 |
| High | ₹590.40 | ₹587.80 |
| Last Trade | ₹590.40 | ₹587.80 |
Barbeque-Nation Hospitality IPO is a main-board IPO of 90,57,470 equity shares of the face value of ₹5 aggregating up to ₹453 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 30.
The IPO opens on Wed, Mar 24, 2021, and closes on Fri, Mar 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 Wed, Mar 24, 2021 and closes on Fri, Mar 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 Tue, Apr 6, 2021. Check the Barbeque-Nation Hospitality IPO allotment status.
The Barbeque-Nation Hospitality IPO listing date is on Wed, Apr 7, 2021.
