Barbeque Nation IPO:GMP, Issue Price and Issue Size

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Barbeque Nation IPO is one of the leading casual dining restaurant chains in India and is all set to make a debut in the stock market with an issue size of 452.87 Cr.     

Barbeque Nation IPO –Overview    

Barbeque Nation Hospitality Limited IPO Issue Date           24-26 March 2021          
Barbeque Nation Hospitality Limited IPO Opening Date           24 March 2021         
Barbeque Nation Hospitality Limited IPO Face Value           INR 10 per share           
Barbeque Nation Hospitality Limited IPO Price           INR 486 per share          
Barbeque Nation Hospitality Limited IPO Lot Size           30 Shares          
Issue Size           452.87 Cr          
Offer for sale           272.87 cr 
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE.
QIB Shares Offered             5.11 times          
NII (HNI) Shares           3.10 times          
Company Promoters           Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani are the company promoters. 

Barbeque Nation IPO Limited IPO-Tentative Dates           

Barbeque Nation Hospitality Limited IPO opening date           24 March 2021             
Barbeque Nation Hospitality Limited IPO closing date           26 March 2021              
Basis of Allotment           1 April 2021          
Initiation of Refunds           5 April 2021              
The credit of Shares to Demat          6 April 2021           
Barbeque Nation Hospitality Limited IPO Listing Date           7 April 2021          

Barbeque Nation IPO – Industry Overview      

India’s food services market has come a long way from the early 1980s when the number of organized brands was countable, and the market otherwise was dominated by unorganized players. The revolution in this sector began in Fiscal1996 with the opening of restaurants by McDonald’s, Pizza Hut, and Domino’s followed by the entry of players like Subway and Barbeque Nation post-2000 and expansion of legendary homegrown players like Haldirams and Moti Mahal. 

Barbeque Nation IPO – Company Overview     

 Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains according to the Technopak Report, and International Barbeque Nation Restaurants also own and operate Toscano Restaurants and UBQ by Barbeque Nation. The first Barbeque Nation Restaurant was launched in 2006 by SHL, one of the promoters. Barbeque launched the first Barbeque Nation Restaurant in 2008, and subsequently acquired five Barbeque Nation Restaurants owned by SHL in 2012. have steadily grown the owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2008 to 138 Barbeque Nation Restaurants in 73 cities in India and seven international Barbeque Nation Restaurants in three countries outside India as of November 30, 2019. have also recently acquired 61.35% of the equity share capital on a fully diluted basis of one of the Subsidiaries, Red Apple, which owns and operates nine restaurants under the brand name, “Toscano”, a casual dining Italian restaurant chain and operates a single restaurant under the brand name “La Terrace”. The first Toscano Restaurant commenced operations in June 2008 and, as of November 30, 2019, also operated ten Italian cuisine restaurants, nine of which are under the brand name “Toscano”, in two cities in India. In November 2018, Barbeque launched UBQ by Barbeque Nation to provide a la carte Indian cuisine in the value segment. At present, UBQ by Barbeque Nation predominantly caters to the delivery segment. 

 Barbeque Nation IPO -Objectives           

  • To make prepayment/repayment of all or a part of the company’s outstanding borrowings availed on a consolidated basis. 
  • To meet general corporate purposes. 

Barbeque Nation IPO – Financial Statements          

Particulars          31-Dec-20  31-Mar-20        31-Mar-19        
Total Assets          4,05,946.16 4,06,925.56 4,98,639.40 
Total Revenue          31,604.85 1,25,609.85 1,19,788.67 
Profit After Tax          2,643.02 7,448.36 16,439.77 

Barbeque Nation IPO – Strengths          

  • One of India’s fastest-growing restaurant brands. 
  • Diversified offerings for both vegetarian and non-vegetarians. 
  • Experienced promoters and team managers. 
  • Healthy financial position with a proven track record of revenue growth. 

Barbeque Nation IPO- Weakness                               

  • The barbecue nation has been aggressively trying to expand into newer markets, putting a strain on its margins. This has also resulted in a negative free cash flow position. 
  • The company operates in a highly competitive market which restricts the pricing flexibility of the company to a certain extent, impacting its realizations. 

Company Contact Information

Barbeque Nation Hospitality Limited
Sy. No. 62, Site No.13, 6th Cross, N.S. Palya,
BTM Layout, Bengaluru – 560 076

Phone: +91 80 4511 3000

Barbeque Nation IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270


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