BBQ Nation Hospitality Ltd is about to launch its IPO for public subscription on 24th March 2021 and issue closes on 26Th March 2021. Face Value per equity share is INR 5 in this Book Build Issue IPO and the IPO price range from INR 498 – 500 per equity share. The market lot or the minimum order quantity for a bid from retail-individual investor is 30 shares at a time, that means one can apply for a minimum of 30 shares for INR 15,000 to a maximum of 13 such lots i.e. 390 shares for INR 1,95,000. The issue size aggregates up to INR 452.87 crores, out of which the Fresh Issue is for INR 180.00 crores and Offer for Sale amounts to INR 272.87 crores.
More about the Company.
India’s leading chain of casual dining restaurants Barbeque Nation was incorporated in 2006 and launched its first hotel in 2008. Barbeque Nation Hospitality Private Limited has grown up its count to 147 (inclusive of all opened, temporarily closed and under-construction outlets) across 77 cities in India (as per the latest data provided by the company as of 2020) and 6 outlets in 3 different countries outside India as on Dec 2020. It is also operating UBQ and Toscano Restaurants.
When is the issue opening and closing?
The issue is schedules to open for public subscription on 24th March 2021 and the issue closes on 26th March 2021.
Details about BBQ Nation Hospitality IPO.
This issue is the main board IPO of equity shares of the Face Value of INR 5 per share with issue price ranging from INR 498 – 500 per share, aggregating to the value of INR 452.87 crores.
Is there any lot size to this issue?
The minimum order quantity fixed for a retail individual investor is 30 share for INR 15,000 who can bid for a maximum of 13 such lots of 390 shares for INR 1,95,000.
What is the bifurcation of this IPO?
Total issue size is INR 452.87 crores out of which fresh Issue is for INR 180.00 crores and Offer For Sale is INR 272.87 crores. The shares reserved are as follows-
- 75% for qualified institutional buyers
- 10% for Retail Investors
- 15% for Non-Institutional investors
- INR 2 Crores of the value of shares for its employees
What is the objective of the company behind this issue?
There are two major objective to this issue-
- To use the amount from Fresh Issue towards opening and expansion of new restaurants and setting off with the borrowings of the company a combined basis.
- The amount received against Offer For Sale will go to the selling shareholders.
Tentative Date sheet of the IPO:
| IPO Open Date | 24th March 2021 |
| IPO Close Date | 26th March 2021 |
| Basis of Allotment Date | 1st April 2021 |
| Initiation of Refunds | 5th April 2021 |
| Credit of Shares to Demat Account | 6th April 2021 |
| IPO Listing Date | 7th April 2021 |
Restated Consolidated Financial Summary of the company
| Particulars | For the year/period ended INR (in millions) | |||
| 30th Nov 2020 | 31st Mar 2020 | 31st Mar 2019 | 31st March 2018 | |
| Total Assets | 9,085.85 | 9,554.58 | 8,190.85 | 7,231.60 |
| Total Revenue | 2,366.08 | 8,507.94 | 7,425.41 | 5,904.48 |
| Profit After Tax | (1,006.48) | (329.28) | (383.86) | (58.00) |
Who are the promoter of the company?
Raoof Dhanani, Sayaji Hotels, Kayum Dhanani, Suchitra Dhanani and Sayaji Housekeeping Services Limited are the promoters of the company.
What are the details of the promoter holdings of the company?
The Pre-issue Promoter Holding is near to 60.21% of the issue and hence 54,57,470 shares are offered to the public under Offered For Sale.
Who are the Book Running Lead Managers to the issue?
IIFL Holding Limited, Ambit Private Limited, Axis Capital Limited and SBI Capital Markets are the BRLM to the issue.
Who is the official registrar to the company?
The official registrar to the company issue is Link Intime India Private Limited.
How to apply for the IPO from BBQ Hospitality Pvt Ltd?
One can apply to this IPO either by using ASBA or UPI payment method. Application for the ASBA method is available in the internet banking of your bank. Brokers who do not offer banking services offer UPI payment method for share application.