April 7, 2021
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Barbeque IPO Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 21 Years
Barbeque IPO Listing Estimate:
https://chanakyanipothi.com/category/ipo-listing-estimates/
Why No GMP?
Since NII portion is just Rs. 67.94 Crs & RII postion 10%/ only 905747 Shares / Rs. 45.28 Crs, Grey Market operators are not willing to take on any risk of huge oversubscription and falling in losses
Barbeque IPO Guidance @
https://chanakyanipothi.com/category/guidance-ipos-rights-offers/
Barbeque GMP Today #
On 7 April 2021
Grey Market Premium Rs.0
For Past trend ,See Page bottom box
Barbeque IPO Subscription #
On 26 March 2021 @ 5.00 pm
QIB (75%) 2705242 sh : 5.11 T
NII ( 15%) 1352620 Sh : 3.10 T
RII ( 10%) 901747 Sh : 13.13 T
Tot: 49,99,609 Sh : 5.98 Times
Barbeque Nation Company Details
Barbeque Nation Hospitality Limited owns and operates Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains . They also own and operate Toscano Restaurants and UBQ by Barbeque Nation. The Company launched its first Barbeque Nation Restaurant in 2008, and subsequently acquired 5 Barbeque Nation Restaurants in 2012. They have steadily grown to 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants in 3 countries outside India as of November 30, 2019.
Its recently acquired 61.35% Subsidiaries, Red Apple, owns and operates 9 restaurants under the brand name, “Toscano”, a casual dining Italian restaurant chain and operates a single restaurant under the brand name “La Terrace”. As of November 30, 2019, they operated 10 Italian cuisine restaurants, 9 of which are under the brand name “Toscano”, in 2 cities in India. In November 2018, they launched UBQ by Barbeque Nation to provide a la carte Indian cuisine in the value segment. At present, UBQ by Barbeque Nation predominantly caters to the delivery segment.
The strengths of the company:
* One of India’s fastest growing and widely recognised restaurant brands in the rapidly growing CDR segment.
* Healthy financial position with proven track record of revenue growth and profitability .For more study : www.barbeque-nation.com
The Promoters of Barbeque-Nation Hospitality limited
Sayaji Hotels ltd , Sayaji House Keeping Services ltd,
Kayum Danani , Raoof Dhanani & Suchitra Dhanani.
Barbeque-Nation Hospitality limited IPO Main Objects
The Offer comprises of a Fresh Issue and an Offer for Sale.
Net Proceeds is proposed to be used for
A. Setting-up of new Barbeque Nation restaurants in India;
B. Repayment or prepayment of loans of the Company and Subsidiaries
Barbeque IPO Details
IPO Opens on : 24 March 2021
IPO Closes on : 26 March 2021
Issue Type: Book Built Issue IPO
Total Issue of 9057470 Shares
Issue Size: Rs. 452.87 Crore
*Fresh Issue Up to 3600,000 Equity Shares , Rs 180 Cr
*Offer for Sale Up to 54,57,470 Equity Shares , Rs 272.87 Cr
Face Value per share : Rs. 5
Barbeque IPO Price Band Rs. 498-500 Per Equity Share
Barbeque IPO Lot Size 30 Shares
Barbeque Nation Listing will at BSE,NSE
Shares offered to
QIB(75%) 6793103 Shares = Rs 339.65 Crs
NII (15%) 1358620 Shares = Rs. 67.94 Crs
RII (10%) 905747 Shares = Rs. 45.28 Crs
Lot size: 30 shares = 30191 Forms
Barbeque IPO Tentative timeTable
Barbeque IPO Allotment on 5 April 2021
Unblocking of ASBA 5 April 2021
Credit to Demat Accounts 6 April 2021
Barbeque IPO Listing on 7 April 2021
Barbeque Nation IPO Financial Details :
Earnings per Share 2017-18 Rs (11.77)
Earnings per Share 2018-19 Rs (8.31)
Earnings per Share 2019-20 Rs +2/14
Earnings per Share 2020-21,8M Rs (28.50)
Book Value of the Share as on 30.11.2020 Rs (5.33)
Return on Net Worth: 17-18 (556.59) %
Return on Net Worth: 18-19 (29.16)%
Return on Net Worth: 19-20 (4.00) %
Return on Net Worth: 20-21,8M : %
Upper Price Band/last EPS: NA
Upper offer price/Book Value Ratio : NA
Barbeque IPO Peer Comparison
Jubilant Food Works @ PEmultiple of 140.05
Speciality Restaurants : NA
Westlife Development : NA
Burger King India : NA
Barbeque-Nation IPO Lead Managers
IIFL Holdings,Edelweiss Financial Services,
Jefferies India, SBI Capital Markets
Registrar to the IPO
Link Intime India Private Limited
Registered Office of Barbeque-Nation Hospitality limited
Survey No. 62, Site No. 13,
6 th Cross, NS Palya, BTM Layout,
Bengaluru 560 076,
Company Secretary and Compliance Officer
Nagamani CY
Barbeque IPO Grey Market Premium Trend
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