On the final day of the IPO, Barbeque Nation was subscribed 5.98 times.

Barbeque Nation started in 2006. 

It is one of India's most lucky dining food chains. It provides us with the finest food, feels, and services. It first opened its doors in Mumbai in 2006. it offered unique dining with live counters. The prices ranged from Rs 600 to Rs 900 per session. 

Barbeque Nation IPO subscribed 2.98 times on day 3 of bidding; retail  portion at 11.7 times - cnbctv18.com

It made Rs 850 cr in sales in the 2019-20 fiscal year. It has 164 places throughout the nation. It is one of the most expanding native food chains. Since its birth, it has raised around Rs 300 cr in funding. The pandemic prompted the brand to close at three places. But it was able to defeat the bar. 

They enact new tech. Prior revenues were just 3% of total revenue. But by November of last year, they had grown to 15%. The revenues have increased month by month for a year. And by November of last year, we were at 84 percent of our pre-pandemic levels," says the group. 

Barbeque Nation Hospitality IPO Subscription News: Barbeque Nation  Hospitality IPO Subscribed 5.98 Times On Final Day Of Issue

The firm had previously secured Sebi clearance for an IPO in 2018. but they did not proceed with it. Its Hospitality IPO starts on Wednesday. It had an issue price of Rs 498-500 per share. It'll be over on Friday. 

The Bengaluru-based hospitality chain is proposing a fresh issue of Rs 180 cr in bonds. They are also offering up to 5.4 million shares. Retail and institutional investors flocked to its Hospitality's Rs 452.87-crore IPO on its final day. As of 5 p.m., the chain's problem had been subscribed 5.98 times. the 26th of March 

Subscription Details: 

  • Institutional investors: 5.11 times. 

  • Non-institutional investors: 3.10 times. 

  • Retail investors: 13.13 times. 

  • Employees: 1.02 times. 

Bids for 5.41 cr equity shares issued against an offer of 90.57 lakh equity shares in the nineteenth IPO of 2021, which sold at Rs 498-500 per share. Craftsman Automation has been replaced as the 15th IPO on the list for 2021. 

Barbeque Nation IPO: Find out date, price range, issue size, bid lot, offer  duration, employee bookings and all other list related details – Jioforme

It intends to use Rs 54.6 crore of the proceeds from the offering for capital spends to extend. it also plans to launch a new chain soon.

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