India's leading casual dining restaurant chain with 147 restaurants, Barbeque-Nation is looking to raise ~₹453 crores through capital markets.
Promoters of Barbeque-Nation are Sayaji Hotels Limited (SHL), Sayaji Housekeeping Services Limited (SHKSL), Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Retail Application (₹) | Listing Date |
|---|---|---|---|---|
| 24-Mar-2021 | 26-Mar-2021 | 498 to 500 | 15,000 | 7-Apr-2021 |
Pre-Offer Shareholding of Promoters, Promoter Group and Selling Shareholders are 38.72%, 9.08% and 20.06% respectively
About Industry
The Chain Casual Dining market in India has been flourishing over the last few years. It represents the 2nd largest share in the chain food services market in India after QSR. The segment has also seen an evolution of sorts in the preceding years and now there are a few players generating revenue of more than INR 5 billion in this category. In FY 2020, the size of the Chain Casual Dining market is estimated at INR 134 Bn. The segment is expected grow at a healthy CAGR of 18% to reach INR 302 Bn. by FY 2025. (Source: Technopak Report)
Key Pointers
- One of India’s fastest growing and widely recognised restaurant brands in the rapidly growing CDR market
- Steady growth in covers and consistent APC with a relatively high proportion of total revenues from weekday sales and lunch covers
- Attractive offerings based on constant menu innovation and customer focus
- Strong business processes and back-end systems leading to efficient operations
- Experienced staff and value-oriented business culture led by Promoters and senior management team bringing experience from well-known hospitality brands
- Proven track record of revenue growth
- Increase same store sales growth, revenue per store and profitability as the vintage of Barbeque Nation Restaurants increases
- Continue expansion in Indian cities
- Expansion through owned & franchise formats in select international markets
Barbeque-Nation IPO Snapshot
| Issue Open | 24-Mar-2021 |
| Issue Close | 26-Mar-2021 |
| Face Value | ₹ 5/- |
| Price Band | ₹ 498 to ₹ 500 (Including premium of ₹ 493 to ₹ 495 per share) |
| Discount | ₹0/Share |
| Bid Lot | 30 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Barbeque-Nation Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹ 452.88 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~75% | TBA times |
| NII Portion (Application for lot size of 15 & above) | ~15% | TBA times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~10% | TBA times |
| Employees Portion | NA | TBA times |
| Total | 100% | TBA times |
Barbeque-Nation IPO Indicative Dates
| Issue Open | 24-Mar-2021 |
| Issue Close | 26-Mar-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 24-Mar-2021 (around 23-Mar-2021) |
| Announcement of Allotment | 1-Apr-2021 |
| Initiation of Refunds | 5-Apr-2021 |
| Credit of Shares | 6-Apr-2021 |
| Listing (Commencement of trading on Stock Exchanges) | 7-Apr-2021 |
Lead Managers of Barbeque-Nation IPO
List of Book Running and Lead/Co-Lead Manager/s
| IIFL Securities Limited* (Only Marketing) |
| Axis Capital Limited |
| Ambit Capital Private Limited |
| SBI Capital Markets Limited |
Registrar of Barbeque-Nation IPO
| Link Intime (India) Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 452.88 Crores (Upper Band |
| Pre-Issue Promoter's Holding | 47.8% |
| Post Issue Promoter's Holding | TBA% |
| Pre-Issue Share Capital | ₹ 13.99 Crores |
| Post Issue Shares | TBA Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Barbeque-Nation IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
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