Barbeque-Nation Hospitality IPO
Barbeque-Nation Hospitality IPO — date, price band, lot size & details 2021
Barbeque-Nation Hospitality listed on 7 Apr 2021 at ₹489.85, 2% below the ₹500 issue price.
Barbeque-Nation Hospitality runs the Barbeque Nation casual dining chain, along with Toscano and UBQ by Barbeque Nation. Its total income was Rs 850.79 crore in FY2020.
Stock price
Barbeque-Nation Hospitality is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 24 Mar 2021
- Close 26 Mar 2021
- Allotment 01 Apr 2021
- Refund/credit 05 Apr 2021
- Listing 07 Apr 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 26 Mar, 2021 |
|---|---|
| Price Band | ₹498 – ₹500 |
| Face Value | ₹5 |
| Lot Size | 30 Shares |
| Issue Size | ₹452.87 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 30 shares at the ₹500 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹15,000 |
| Retail (max) | 13 | 390 | ₹1,95,000 |
| S-HNI (min) | 14 | 420 | ₹2,10,000 |
| S-HNI (max) | 66 | 1,980 | ₹9,90,000 |
| B-HNI (min) | 67 | 2,010 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 590.45 crore in FY2018 to Rs 850.79 crore in FY2020.
- 02The chain grew from a single restaurant in 2008 to 147 Barbeque Nation restaurants in 77 cities by 31 December 2020.
- 03EBITDA rose from Rs 140.37 crore in FY2018 to Rs 168.04 crore in FY2020.
- 04Rs 180.00 crore of fresh capital was raised, with Rs 75.00 crore planned for repaying debt.
- 05It was one of India's leading casual dining chains by outlet count on 30 September 2020, as per the Technopak report in the RHP.
Risks · 6
- 01The company made losses in each year shown, including Rs 32.93 crore in FY2020 and Rs 100.65 crore in the eight months to 30 November 2020.
- 02Net worth as defined in the RHP turned negative, at minus Rs 14.92 crore on 30 November 2020.
- 03Total borrowing rose from Rs 127.66 crore on 31 March 2018 to Rs 246.98 crore on 30 November 2020.
- 04Total income was Rs 236.61 crore in the eight months to 30 November 2020, against Rs 850.79 crore in FY2020.
- 05Rs 272.87 crore of the Rs 452.87 crore issue was offer for sale, so most of the money went to selling shareholders.
- 06Promoters and the promoter group held 45.49% before the issue and 35.7% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Barbeque-Nation Hospitality offer document.
| Metric | 30 Nov 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 908.59 | 955.46 | 819.09 | 723.16 |
| Total Income | 236.61 | 850.79 | 742.54 | 590.45 |
| Profit After Tax | -100.65 | -32.93 | -38.39 | -5.80 |
| EBITDA | 12.59 | 168.04 | 149.39 | 140.37 |
| NET Worth | 0.48 | 75.78 | 170.98 | 180.96 |
| Reserves and Surplus | -13.52 | 61.79 | 156.99 | 167.16 |
| Total Borrowing | 246.98 | 244.96 | 157.86 | 127.66 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Barbeque-Nation Hospitality RHP.
Where the money goes
₹167.94 Cr of the issue is earmarked to named objects.
About the company
The first Barbeque Nation restaurant was launched in 2006 by Sayaji Hotels, one of the promoters, and the company opened its own first outlet in 2008. On 31 December 2020 it had 147 Barbeque Nation restaurants across 77 cities in India and six restaurants in three countries outside India.
Its subsidiary Red Apple runs the Toscano Italian chain, and the company had eleven Italian restaurants in three cities on 31 December 2020. In November 2018 it launched UBQ by Barbeque Nation for a la carte Indian food in the value segment.
The IPO was Rs 452.87 crore, with Rs 180.00 crore of fresh issue and Rs 272.87 crore of offer for sale. Rs 75.00 crore was planned for repaying borrowings and Rs 54.62 crore for opening new restaurants.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Barbeque-Nation Hospitality IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Ambit Capital
16 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Metro Brands (-12.6%).
IIFL Capital Services Limited
116 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Barbeque-Nation Hospitality?
The current Grey Market Premium is ₹0.
What is the Barbeque-Nation Hospitality IPO price band?
₹498 to ₹500, on a face value of ₹5.
When is the allotment?
The basis of allotment is 1 April 2021, with listing on 7 April 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
