Barbeque Nation Share allotment: Allocation of IPO of restaurant chain Barbecue Nation Hospitality is going to be finalized today. The company’s IPO opened on March 24 and closed on March 26. The issue was subscribed 6 times till its last day. Barbeque Nation may be listed on the stock market on 7 April.
Retail investors’ stake in the company was subscribed 13.13 times. While the qualification Institutional Buyers (QIB) subscription was subscribed 5.11 times. Whereas, for non-institutional investors, the bid was 3.1 times in reserve portions. The company held share reserves of Rs 2 crore for its employees. This share was subscribed 1.02 times.
If you too had invested in the IPO of Barbeque Nation, know how to check the allotment status.
Check status on BSE in this way
First click on this link of BSE- https://bit.ly/2MePtmI
Then click on Equity and select Barbeque Nation.
Now enter your application number and PAN.
After this press Enter and check your status.
How to check status with Link Intime
First click on this link- https://bit.ly/3uoWvGQ
Then select the name of the IPO.
After this enter your DP ID / Client ID or PAN.
If you select the application number option, first you have to select the application type (ASBA or Non ASBA) and then enter the application number.
If you have chosen DP ID or Client ID, then first you have to choose your depository NSDL or CDSL. After this you have to enter your ID.
After this, you will submit captcha and submit your status.
Where will the fund be used
The company’s shares will be listed on the BSE and NSE. Barbeque Nation and Tamara have already raised Rs 149.97 crore by selling 59,51,132 equity shares. The company has raised funds in pre-IPO placements at Rs 396.82 per share. This has reduced the size of the company’s fresh issue from Rs 275 crore to Rs 180 crore.
The company will use the funds raised from the fresh issue to repay the loan and expand the restoration. While the promoters will get the money for the offer for sale. The company opened its first Barbeque Nation restaurant in 2008. The company has so far opened 147 restaurants in 77 cities across the country. As of December 2020, there were 6 outlets in three countries.
The company will use the funds raised from the fresh issue to repay debt. Barbeque Nation is set to raise Rs 452.87 crore. Out of this, there are fresh issues of 180 crores rupees.
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