- by Stocktry Expert
- 29th Mar 2021
Barbeque Nation IPO share allotment open for subscription on March 25; here is how to check
Barbeque Nation Hospitality, the casual-dining restaurant chain, is expected to finalise
the IPO share allocation on March 24 and closed on March 26 after being subscribed
almost six times. Qualified institutional buyers subscribed their portion 5.11 times and
non-institutional investors 3.10 times. Barbeque Nation raised Rs 453 crore through the
issue, which comprised a fresh issue of Rs 180 crore and an offer for sale of Rs 273
crore equity shares by shareholders. The company will use the fresh issue funds for
repaying debt.
Here are two options available for investors to check the allotment status:
1. The IPO's registrar on its website - One needs to select 'Barbeque Nation
Hospitality Limited - IPO' in the dropdown list and then enter either PAN,
application number or DP Client ID. Finally, click on 'search' button.
2. The share allotment can also be checked on the BSE website. Check box on
'equity' under issue type and select 'Barbeque-Nation Hospitality Limited' in the
dropdown list. Enter 'application number' and 'PAN number'. And finally click on
'search'.
The company will refund funds to anchor investors, if any, as well as unblock ASBA
accounts around April 5.
Equity shares will get credited to eligible investors' demat account around April 6 and
the trading in equity shares will commence the next day.
As of December 2020, Barbeque Nation Hospitality operated 147 Barbeque Nation
restaurants (including opened, temporarily closed and under construction outlets) in 77
Indian cities and six restaurants in UAE, Oman and Malaysia .
The company reported losses during FY18-FY20 as well as in the eight months period
ended November 2020, according to the red herring prospectus.
But the operating performance was better with EBITDA (earnings before interest, tax,
depreciation and amortisation) at Rs 168 crore and Rs 12.59 crore in FY20 and in the
eight months period ended November 2020.
