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Barbeque Nation drafts IPO papers with SEBI

In any case, on Tuesday, Bengaluru-based dining Barbeque Nation Hospitality Limited drafts its IPO papers with the Securities and Exchange Board of India (SEBI). So at that point, the organization anticipates raising Rs 1,000-1,200 crores through the Initial public offering.


 Additionally, the open issue comprises of a crisp issue of offers worth Rs 275 crores. Additionally, it incorporates an Offer For Sale (OFS) of up to 98,22,947 value shares.


Essentially, BBQ Nation should think about doing a pre-Initial public offering arrangement not surpassing Rs 150 crores. Be that as it may, this had existed as an announcement in its draft red herring prospectus (DRHP).


Moreover, the advertisers of the organization incorporate Sayaji Hotels, Sayaji Housekeeping Services, and Kayum Dhanani. Additionally, Raoof Dhanani and Suchitra Dhanani function as advertisers. Also, the organization stayed supported by private value financial specialist CX Partners. So at that point, it made its first interest in 2013 and 2015.



Notwithstanding this, advertisers claim a 60.24% stake in the organization. While CX Accomplices possess 33.28%. Likewise, the well known securities exchange financial specialist Rakesh Jhunjhunwala's venture firm Speculative Alchemy Capital claims a 2.05% in the organization.

Moreover, the issue remains oversaw by IIFL Securities, Axis Capital, Ambit Capital, and SBI Capital Markets.


In any case, up to half of the offer will remain accessible for allotment to qualified institutional buyers (QIBs). Likewise, up to 15% will stay accessible for assignment on a proportionate premise to non-institutional bidders. Also, the staying 35% goes for the assignment to retail singular bidders.


By and by, Grill Country capacities at 138 outlets across 78 urban areas across 24 states in India. Likewise, 7 outlets in UAE, Oman, and Malaysia.

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