Barbeque Nation IPO in Rs 480-500 band

Bengaluru: Casual dining restaurant chain Barbeque Nation Hospitality’s IPO opens on Wednesday with an issue price of Rs 498-500 per share. It closes on Friday. The Bengaluru-based hospitality chain is offering a fresh issue of shares worth Rs 180 crore.

It also has an offer for sale of up to 5.4 million shares by its promoters Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani. The Dhanani family holds 47.8% in Barbeque Nation.