Mumbai, March 24, 2021: Barbeque-Nation
Hospitality Limited, one of India’s leading casual dining restaurant chains (in
terms of outlet count as on September 30, 2020) as per Technopak Report;
received bids of 66,46,830
shares against the offered 49,99,609 equity shares, as per the 5:00 pm data available on the bourses.
The portion reserved for retail investors was subscribed 6.14
times. While the Qualified Institutional Buyer category was subscribed 0.37,
the Non-Institutional Investor category was subscribed 0.07 times. The employee category was subscribed 0.41
times.
A day prior to the issue opening the company raised Rs. 203 Cr from 15
anchor investors which found participation from renowned global portfolio
investors such as Fidelity, Eastspring Investment, Nomura,
Goldman Sachs, Kuber India and UPS Group Trust. Participation from key domestic
investors like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund,
Aditya Birla Sun Life Mutual Fund, Kotak Mutual Fund, HDFC Life, Pioneer
Investment Fund and Motilal Oswal Select Opportunities Fund Series II was
observed.
The offer consists of a fresh issuance of equity shares aggregating up to
180 Cr and an Offer for sale of up to 54,57,470 equity shares of face value of Rs 5 each
by the selling shareholders. The minimum bid lot is of 30 equity shares,
thereafter in multiples. The price band
has been fixed at Rs. 498 – Rs. 500 per Equity Share. Prior to the IPO opening
the company raised Rs 100 cr via a pre ipo placement to SBI MF and Axis Mutual
Fund.
The IPO is a fresh issuance of equity shares of Rs 5 face value,
aggregating up to Rs 180 cr and an offer for sale of up to 54,57,470 equity
shares of face value of Rs 5 each by the selling shareholders. Equity shares
aggregating up to Rs. 2 crore will be reserved for eligible employees. The
issue will be closed on Friday, March 26, 2021.
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