#BarbequeNation #IPOs
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.
Barbeque Nation IPO lists at 10% premium | Sell or Hold or Buy | What to do ?
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.
Barbeque Nation IPO lists at 10% premium | Sell or Hold or Buy | What to do ?
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.
Barbeque Nation IPO lists at 10% premium | Sell or Hold or Buy | What to do ?