Barbeque Nation closes listing day with 18% gains
The stock opened at Rs 492 on the BSE as against its IPO price of Rs 500 but recovered later to end at Rs 590.40. The company’s Rs 453-crore IPO last month was subscribed six times.
By ET Bureau | Updated:
Mumbai: Shares of casual dining restaurant chain operator Barbeque Nation Hospitality ended up 18 per cent on its market debut on Tuesday after listing at a 0.7 per cent discount to its issue price.
The recovery was helped by gains in the broader market that followed the RBI's decision to hold rates.
The stock opened at Rs 492 on the BSE as against its IPO price of Rs 500 but recovered later to end at Rs 590.40. The company’s Rs 453-crore IPO last month was subscribed six times.
The recovery was helped by gains in the broader market that followed the RBI's decision to hold rates.
The stock opened at Rs 492 on the BSE as against its IPO price of Rs 500 but recovered later to end at Rs 590.40. The company’s Rs 453-crore IPO last month was subscribed six times.
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