Barbeque Nation IPO is all set to hit the Dalal street soon. the company aims for an issue size of ₹452.87 Crore through this IPO issue.
Also read: IPO List 2021: a complete list of IPOs in 2021
Barbeque Nation Hospitality Limited
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.
Objectives 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.
Competitive strengths
- One of India’s fastest-growing restaurant brands.
- Diversified offerings for both vegetarian and non-vegetarians.
- Experienced promoters and managers team.
- A healthy financial position with a proven track record of revenue growth.
Basic details about the company
| Full name | Barbeque Nation Hospitality Limited |
| Sector | Hospitality |
| Industry | Hospitality |
| Company Website | www.barbequenation.com |
Dates to remember
| IPO Open | 24 March 2021 |
| IPO Close | 26 March 2021 |
| Basis of Allotment | 01 April 2021 |
| Refunds date | 05 April 2021 |
| Credit to Demat Account | 06 April 2021 |
| Listing Date | 07 April 2021 |
IPO details
| Issue type | Book Built Issue |
| Offer for Sale | ₹272.87 Cr |
| Fresh Issue | ₹180.00 Cr |
| IPO issue size | ₹452.87 Cr |
| Face value | ₹5 per equity share |
| Price band | ₹498 to ₹500 per equity share |
| Retail Allocation | 35% |
| Lot size | 30 Shares |
| Minimum application | 1 Lot-30 Shares |
| Maximum application | 13 Lots-390 Shares |
| Minimum application amount | ₹15,000 |
| maximum application amount | ₹195,000 |
| Listing Exchange | BSE & NSE |
Financial summary
FY2018 | FY2019 | FY2020 | 8M FY2021 | |
| Revenue | 590.4 | 742.5 | 850.8 | 236.6 |
| Expenses | 450.1 | 593.2 | 682.8 | 224.0 |
| Comprehensive income | -6.5 | -40.7 | -35.6 | -98.6 |
| Margin (%) | -1.1 | -5.5 | -4.2 | -41.7 |
Valuation of Barbeque Nation (as of FY2020)
| Earnings Per Share (EPS) | ₹-11.77 |
| Price/Earnings (PE ratio) | to be updated |
| Return on Net Worth (RONW) | -556.59% |
| Net Asset Value (NAV) | ₹59.16 per share |
Company Promoters
- Sayaji Hotels
- Sayaji Housekeeping Services
- Kayum Dhanani
- Raoof Dhanani and Suchitra Dhanani
Lead Managers
- IIFL Securities Limited
- Axis Capital Limited
- Ambit Capital Private Limited
- SBI Capital Markets Limited
Registrar of Barbeque Nation IPO
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: bnhl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Barbeque Nation Contact Details
Barbeque Nation Hospitality Limited
Sy. No. 62, Site No.13,
6th Cross, N.S. Palya,
BTM Layout,
Bengaluru – 560 076, Karnataka
Phone: +91 80 4511 3000
Email: compliance@barbequenation.com
Website: www.barbequenation.com
Barbeque Nation IPO Allotment Status
Barbeque Nation IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Barbeque Nation IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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