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.
Competitive strengths
One of India’s fastest-growing restaurant brands.
Diversified offerings for both vegetarian and non-vegetarians.
Experienced promoters and managers team.
Healthy financial position with a proven track record of revenue growth.
Company Promoters:
Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani are the company promoters.
Company Financials:
Summary of financial Information (Restated Consolidated)ParticularsFor the year/period ended (₹ in million)30-Nov-2031-Mar-2031-Mar-1931-Mar-18Total Assets9,085.859,554.588,190.857,231.60Total Revenue2,366.088,507.947,425.415,904.48Profit After Tax(1,006.48)(329.28)(383.86)(58.00)
Objects 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.
Barbeque Nation IPO Details
IPO Opening DateMar 24, 2021IPO Closing DateMar 26, 2021Issue TypeBook Built Issue IPOFace Value₹5 per equity shareIPO Price₹498 to ₹500 per equity shareMarket Lot30 SharesMin Order Quantity30 SharesListing AtBSE, NSEIssue Size[.] Eq Shares of ₹5
(aggregating up to ₹452.87 Cr)Fresh Issue[.] Eq Shares of ₹5
(aggregating up to ₹180.00 Cr)Offer for Sale5,457,470 Eq Shares of ₹5
(aggregating up to ₹272.87 Cr)
Barbeque Nation IPO Tentative Timetable
The Barbeque Nation IPO open date is Mar 24, 2021, and the close date is Mar 26, 2021. The issue may list on Apr 7, 2021.
IPO Open DateMar 24, 2021IPO Close DateMar 26, 2021Basis of Allotment DateApr 1, 2021Initiation of RefundsApr 5, 2021Credit of Shares to Demat AccountApr 6, 2021IPO Listing DateApr 7, 2021
Barbeque Nation IPO Lot Size
The Barbeque Nation IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195,000).
ApplicationLotsSharesAmount (Cut-off)Minimum130₹15,000Maximum13390₹195,000
Barbeque Nation IPO Promoter Holding
Pre Issue Share Holding60.21%Post Issue Share Holding