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Barbeque Nation IPO

The Barbeque Nation IPO will hit the market on March 24, 2021, in the fixed price range of Rs 498-500. The casual dining chain is looking to rake Rs 452-453 crores from the market with Rs 180 crores of fresh an offer for sales of 54,57,470 equity shares. Investors will get a chance to subscribe until March 26, 2021.

Barbeque Nation IPO

Issuer

Barbeque Nation Hospitality Limited

IPO Date : 24th March 2021 - 26th March 2021
Price Band
₹498 to ₹500 per equity share

Issue Size
₹ 452 Cr - ₹ 453 Cr

Face Value
₹5 per equity share

Market Lot
30 Shares

Listing At
NSE,BSE
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Barbeque Nation Information

The casual dining chain is one of the leading restaurant chains in India, known for offering great food, ambiance, and excellent customer service. Incorporated in 2006, the first restaurant started operating in 2008. As of November 2019, it had 138 restaurants in 73 Indian cities and three restaurants abroad.

Apart from the Barbeque Nation, the brand also owns Toscano restaurants and UBQ, catering to the delivery section. Recently, the brand diversified with ‘Red Apple’ and founded 10 Italian restaurants in two cities - Bengaluru and Chennai.

Competitive strength

  • Strong brand value with over a hundred operative restaurants
  • One of the fastest-growing casual restaurant chain
  • A diversified offering of food
  • Robust financials with steady growth in revenue

Barbeque Nation IPO Important Dates

The below table has important dates with respect to the Barbeque Nation IPO allotment and listing :
Bid/Offer Opens On 24-Mar-21
Bid/Offer Closes On 26-Mar-21
Finalization Of Basis Of Allotment 01-Apr-21
Initiation Of Refunds 05-Apr-21
Credit Of Shares To Demat Acct 06-Apr-21
IPO Shares Listing Date 07-Apr-21
UPI Mandate Expiry Date 12-Apr-21

Barbeque Nation IPO Latest News & Subscription Status Today [Live]

Today, March 25, 2021, is the second day of the Barbeque Nation IPO. This popular IPO is backed by the heavyweight Rakesh Jhunjhunwala. The IPO has equity shares priced at Rs.498-Rs.500 with a market lot of 30 shares. It closes on March 26, 2021. The allotment date is April 1, 2021, and the shares listing date is April 7, 2021.

It is the final day of the Barbeque Nation IPO today, 26th March, 2021. The IPO began on 24th March, 2021. Shares of this IPO are priced from Rs.498 to Rs.500/equity share. The allotment date is April 1, 2021, and the share listing date is April 7, 2021.
March 26: Day 3
March 25: Day 2
March 24: Day 1

Here’s the final update for the Barbeque Nation IPO that started on 24th March, 2021, and closed today, 26th March, 2021. Equity shares are priced between Rs.498 and Rs.500 each share. The allotment date is 1st April, 2021, while the share listing date is 7th April, 2021. 

 

At 05:00 p.m

- This IPO has been subscribed 5.98x by 05:00 p.m. on Day 3.

- It is a public issue with 5,457,470 equity shares. 

Status of Subscription

- (NII) Non-institutional buyers: 3.10x 

- Employees: 1.02x 

- (RII) Retail individual investors: 13.13x 

- (QIB) Qualified institutional buyers: 5.11x 

At the close of the Barbeque Nation IPO, subscriptions have reached a good 5.98x, with NII at 3.10x, RII at 13.13x, and employees at 1.02x. After a slow start on Day 1 and a slow climb on Day 2, this IPO has performed better on the closing day. It has indeed been an intriguing day, and all eyes will now be on how Barbeque Nation performs in the market in the near future.

 

At 03:48 p.m

- This IPO has been subscribed 12.92x by 03:48 p.m. on Day 3.

- It is a public issue with 5,457,470 equity shares. 

Status of Subscription

- (NII) Non-institutional buyers: 2.00x 

- Employees: 0.97x 

- (RII) Retail individual investors: 12.92x 

- (QIB) Qualified institutional buyers: 4.94x 

At what’s almost the end of the Barbeque Nation IPO Final Day, subscriptions have reached 5.56x, with NII climbing to 2x, employees remaining at 0.97x, and RII and QIB growing steadily to 12.92x and 4.94x respectively. This IPO indeed gets more interesting each hour and all eyes are now on the closing figures.

 

At 02:58 p.m

- This IPO has been subscribed 5.00x by 02:58 p.m. on Day 3.

- It is a public issue with 5,457,470 equity shares. 

Status of Subscription

- (NII) Non-institutional buyers: 0.27x 

- Employees: 0.96x 

- (RII) Retail individual investors: 12.46x 

- (QIB) Qualified institutional buyers: 4.94x 

The third day of Barbeque Nation IPO is an eventful one, with subscriptions jumping to 5x by the afternoon. There’s a jump in the QIB too, with 4.94x. RII is steadily rising while NII and employees remain hardly touched. Watch this space for upcoming and closing updates on this IPO.

 

At 01:48 p.m

- This IPO has been subscribed 3.01x by 01:48 p.m. on Day 3.

- It is a public issue with 5,457,470 equity shares. 

Status of Subscription

- (NII) Non-institutional buyers: 0.21x 

- Employees: 0.86x 

- (RII) Retail individual investors: 11.80x 

- (QIB) Qualified institutional buyers: 1.51x 

On the afternoon of Day 3, the Barbeque Nation IPO has reached a good 3.01x. RII has reached 11.80x, while QIB has gone past the 1 mark with 1.51x, and NII and employees remain below 1, with 0.21x and 0.86x respectively. Stay tuned for more updates from the day.

 

At 12:49 p.m

- This IPO has been subscribed 2.91x by 12:49 p.m. on Day 3.

- It is a public issue with 5,457,470 equity shares.

Status of Subscription

- (NII) Non-institutional buyers: 0.20x 

- Employees: 0.81x 

- (RII) Retail individual investors: 11.37x 

- (QIB) Qualified institutional buyers: 1.48x 

The Barbeque Nation IPO has reached a significant point in the afternoon of Day 3, with 2.91x subscriptions, 11.37x RII, and 1.48x QIB. NII and employees continue to remain low. The rest of the day seems to have interesting movements in store.

 

At 11:45 a.m

- This IPO has been subscribed 2.32x by 11:49 a.m. on Day 3.

- It is a public issue with 5,457,470 equity shares.

Status of Subscription

- (NII) Non-institutional buyers: 0.12x 

- Employees: 0.75x 

- (RII) Retail individual investors: 10.83x 

- (QIB) Qualified institutional buyers: 0.61x 

From 1.98x at the closing of Day 2, the Barbeque Nation IPO has come to 2.32 on the morning of Day 3. Retail individual investors are showing a decent growth and have reached 10.83x, while NII, QIB, and employees are still hardly showing movement. Let us wait and watch how this IPO performs in the remainder of closing day.

 

At 10:45 a.m

- This IPO has been subscribed 2.13x by 05:00 p.m. on Day 3.

- It is a public issue with 5,457,470 equity shares.

Status of Subscription

- (NII) Non-institutional buyers: 0.11x

- Employees: 0.74x

- (RII) Retail individual investors: 10.53x

- (QIB) Qualified institutional buyers: 0.37x

At the close of Day 2, the Barbeque Nation IPO had been subscribed 1.98x, while it has begun at 2.13 on the morning of Day 3. RII has risen to a good 10.53x, while the NII, QIB, and employee figures have hardly moved, just like the past 2 days. All eyes will be fixed on the happenings throughout Day 3 now.

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How to apply for Barbeque Nation IPO :


1. If you are already a client of Angel One, apply directly for Barbeque Nation IPO, click here.

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In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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Barbeque Nation IPO FAQs

What is an IPO?

Companies make a maiden offer to sell equity shares to the general investors to raise capital from the market. Through the process of releasing initial shares, companies become publicly traded and list in the stock exchanges.

What is Barbeque Nation IPO?

Barbeque Nation plans to rake Rs 452-453 crores from the market by launching initial public shares in the price band of Rs 452-453. The offer size contains fresh issues worth Rs 180 crores and OFS of up to 54,57,470 equity shares.

How to apply for Barbeque Nation IPO through Angel One?

Current investors can log in to their account on the Angel One website or mobile app to apply for Barbeque Nation IPO. Open an online Demat account today and enjoy hoards of benefits, including lifelong free delivery of equities to your account. Click here.

When will Barbeque Nation IPO open?

The IPO subscription period will open on March 24, 2021, for two days. Investors need to apply for it by March 26, 2021.

What is the minimum lot size for retail investors?

The minimum order quantity is 30 shares or one lot. Retail investors can bid for 13 lots, amounting to a total investment amount of Rs 195,000.

How to apply for Barbeque Nation IPO?

Investors can apply through a stockbroker like Angel Boking or through a bank’s net banking using ASBA form. Apply through Angel One Demat account. Get one today.

When is the Barbeque Nation IPO allotment date?

The finalisation of IPO shares will take place on April 1, 2021.

When is the Barbeque Nation IPO listing date?

The tentative listing date is April 7, 2021. However, it is not confirmed yet.

How to pay for Barbeque Nation IPO using UPI?

As retail investors must pay through their UPI handle, link your current account to Google Pay or BHIM. During the payment, you will receive a payment mandate on your UPI handle, approve it to complete the bidding process.

How will I receive the Barbeque Nation IPOs?

Allotted shares will get directly credited to investors’ Demat accounts on April 6, 2021. Receive Barbeque Nation IPOs in your Angel One Demat account. Open Demat Now.

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