Tuesday, April 13, 2021

Barbeque Nation IPO Details

Barbeque Nation IPOBarbeque Nation IPO description – The company owns one of India’s leading casual dining restaurant chains and International Barbeque Nation Restaurants. It also own and operate Toscano Restaurants and UBQ by Barbeque Nation. The company has pioneered the format of ‘over the table barbeque’ concept in Indian restaurants. Live grills embedded in dining tables allow guests to grill their own barbeques.

The company launched its first Barbeque Nation Restaurant in 2008, and subsequently acquired five Barbeque Nation Restaurants owned by SHL in 2012. It has steadily grown its owned and operated Barbeque Nation Restaurant network from a single restaurant in FY2008 to 147 Barbeque Nation Restaurants in India and 6 International Barbeque Nation Restaurants.

The company also operates 11 Italian Restaurants of which nine are operated under the brand name “Toscano” and one each under the brand names “La Terrace” and “Collage”, respectively. UBQ provides a la carte Indian cuisine in the value segment, initially through leading food delivery service providers for the delivery of food.

Promoters of Barbeque Nation – Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani
Barbeque Nation IPO details
Subscription Dates 24 – 26 March 2021
Price Band INR498 – 500 per share
Fresh issue INR180 crore   
Offer For Sale 5,457,470 shares (INR271.78 – 272.87 crore) 
Total IPO size INR451.78 – 452.87 crore
Minimum bid (lot size) 30 shares
Face Value  INR5 per share
Retail Allocation 10%
Listing On NSE, BSE

Barbeque Nation Financial Performance (in INR crore)

FY2018 FY2019 FY2020 8M FY2021
Revenue 590.4 742.5 850.8 236.6
Expenses 450.1 593.2 682.8 224.0
Comprehensive income -6.5 -40.7 -35.6 -98.6
Margin (%) -1.1 -5.5 -4.2 -41.7

More about Barbeque Nation IPO

Registrar of Barbeque Nation IPO

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Barbeque Nation Contact Details

Barbeque Nation Hospitality Limited
Sy. No. 62, Site No.13,
6th Cross, N.S. Palya,
BTM Layout,
Bengaluru – 560 076, Karnataka
Phone: +91 80 4511 3000
Email: [email protected]
Website: www.barbequenation.com

Valuation of Barbeque Nation (as of FY2020)

Earnings Per Share (EPS): -INR11.77 
Price/Earnings (PE ratio): NA 
Return on Net Worth (RONW): -556.59%
Net Asset Value (NAV): INR59.16 per share

Barbeque Nation IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 27,05,242 0.37 0.37 5.12
NII 13,52,620 0.07 0.10 3.10
Retail 9,01,747 6.14 9.66 13.12
Employee 40,000 0.41 0.71 1.02
Total 49,99,609 1.33 1.98 5.98

Barbeque Nation IPO Analyst Reviews

Angel Broking – Neutral
AUM Capital – Not Rated
BP Wealth – Avoid
Choice Broking – Avoid
DSIJ – Subscribe for Long Term
Elite Wealth –  Avoid
Kotak Securities – Not Rated
Prabhudas Lilladher – Subscribe
Samco Securities –  Avoid
Ventura Securities – Not Rated
Yes Securities – Avoid

Barbeque Nation IPO Allotment Status

Barbeque Nation IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status. 

Listing Performance of Barbeque Nation

IPO Opening Date: 24 March 2021
IPO Closing Date: 26 March 2021
Finalisation of Basis of Allotment: 1 April 2021
Initiation of refunds: 5 April 2021
Transfer of shares to demat accounts: 6 April 2021
Listing Date: 7 April 2021
Opening Price on NSE: INR489.85 per share (down 2.03% from IPO price)
Closing Price on NSE: INR587.80 per share (up 17.56% from IPO price)

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