Barbeque-Nation oversubscribed 5.98 times on last bidding day
The portion reserved for retail investors was subscribed 13.13 times. The qualified institutional buyer (QIB) category was subscribed 5.11 times while the non-institutional investor category was subscribed 3.10 times.
By ET Bureau | Updated:
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Mumbai: The Rs 453 crore-initial public offer (IPO) of Barbeque-Nation Hospitality, a restaurant chain, was subscribed 5.98 times on Friday — the final day of bidding process. The issue received bids of 2.99 crore shares against the 49.99 lakh shares on offer, according to stock exchange data.
The portion reserved for retail investors was subscribed 13.13 times. The qualified institutional buyer (QIB) category was subscribed 5.11 times while the non-institutional investor category was subscribed 3.10 times.
The IPO was a fresh issuance of equity shares of Rs 180 crore and an offer-for-sale of up to 54.57 lakh shares. The company had on Tuesday raised Rs 202 crore from 15 anchor investors. As on December 31, 2020, the company operated 147 Barbeque-Nation restaurants across 77 cities in India and six outlets in UAE, Oman and Malaysia.
The portion reserved for retail investors was subscribed 13.13 times. The qualified institutional buyer (QIB) category was subscribed 5.11 times while the non-institutional investor category was subscribed 3.10 times.
The IPO was a fresh issuance of equity shares of Rs 180 crore and an offer-for-sale of up to 54.57 lakh shares. The company had on Tuesday raised Rs 202 crore from 15 anchor investors. As on December 31, 2020, the company operated 147 Barbeque-Nation restaurants across 77 cities in India and six outlets in UAE, Oman and Malaysia.
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