Barbeque Nation IPO: BarbieQ Nation IPO Opens

March 24, 2021 daknewsnetwork 357 Views 0 Comments Barbeque Nation IPO

Barbeque Nation IPO: BarbieQ Nation IPO opens for subscription from today, know every update related to it.

There is good news for those investing in IPOs. The IPO of the restaurant chain BarbieQ Nation (Barbeque Nation) has opened for subscription today i.e. from 24th March. This IPO can be subscribed till 26 March.

In the IPO, the company will issue a fresh issue of Rs 180 crore. The price band for this IPO has been kept at Rs 498-500. At the same time, 54,57,470 equity shares will be put up for sale through the offer for sale.

This IPO of Barbeque Nation has a lot of 30 shares. This means investors will have to bid for a minimum of 30 shares. A minimum of Rs 14,940 can be invested in an IPO according to the lower price band.

It is known that Alchem Capital, a company of veteran investor Rakesh Jhunjhunwala, and private equity firm CX Partners have also invested in this company. 75% of the IPO is reserved for qualified institutional buyers.

Let us know that the company has already raised Rs 150 crore through IPO placements from Xponentia Capital and Jubilant Foodworks.

Under this issue, promoters of BarbieQ Nation, Saadia Dhanani, Sanaya Dhanani, Sayaji Housekeeping Service, Azhar Dhanani, Tamara, Aajav Investment Trust, and Menu Private Limited will sell their shares in Offer for Sale.

After this, 10 percent for retail investors and the remaining 15 percent for non-institutional investors. Equity shares up to Rs 2 crore are reserved for eligible employees.

About BarbieQ Nation.

BarbieQ Nation was established in the year 2006. The company opened its first restaurant in 2008.

Currently, the company operates 138 in India, one in Malaysia, 5 in the UAE, and one in Oman. The company had total operating revenue of Rs 850.8 crore in FY 2020.

Petrol Diesel Price Today: Petrol-diesel becomes cheaper today, know the rate of your city.

New prices of petrol and diesel were released on Wednesday. Today, both petrol and diesel have become cheaper. In Delhi, petrol became cheaper by 18 paise per liter and diesel by 17 paise.

Before this, there was no change in the price till the 24th consecutive day. Diesel in Mumbai today was Rs 88.42 per liter and petrol was Rs 97.40 per liter.

Petrol in Kolkata increased to Rs 91.18 per liter and diesel to Rs 84.18 and in Chennai to petrol Rs 92.95 and diesel to Rs 86.29.

Talking about Patna, petrol came to Rs 93.31 per liter and diesel came to Rs 86.55 per liter. Petrol in Lucknow came at Rs 89.18 and diesel at Rs 81.70 per liter.