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Barbeque Nation Can Also File DRHP For IPO

Barbeque Nation Can Also File DRHP For IPO:

Barbeque Nation Hospitality – the company behind the well-known chain of casual dining restaurants will by the first week of September file the draft papers with the capital market regulator for a initial public offering (IPO).

The IPO can comprise one-third fresh shares and two-third stake sale by the existing promoters. The DRHP should get filed by end of August, give it plus minus four to five days here or there

Barbeque Nation is an associate company of Sayaji Housekeeping Services, a wholly-owned subsidiary of Indore-headquartered and BSE-listed Sayaji Hotels. Sayaji Housekeeping owns 47.4 percent in Barbeque Nation while Delhi-based CX Partners owns majority stake. The private equity firm could sell as much as half of its stake through the IPO.

The company has appointed Edelweiss Securities and IIFL as merchant bankers to the issue.

Barbeque Nation also owns the India master franchise rights for American burger chain Johnny Rockets.

Barbeque Nation pioneered the concept of live grills embedded under dining tables – allowing customers to grill their own barbeque.

This ‘DIY’ (do-it-yourself) concept, championed by Barbeque Nation, is quite a hit with customers, who have also lapped up the chain’s offering of unlimited vegetarian and non-vegetarian starters for less than Rs 1,000. It also offers buffet and unlimited desserts under the same package.

Market Update:

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Au Financiers Ltd (AUFL) IPO also able to list successfully and gave its investors over 51% listing gains.

While Salasar Techno Engineering Ltd IPO (STEL IPO) lists at over 150% gain on first day itself.

Security and Intelligence Services Ltd IPO (SIS IPO) lists at discount.While Cochin Shipyard Ltd IPO (CSL IPO) lists at good premium.

Now Apex Frozen Foods Ltd IPO (AFFL IPO) bidding is going to be active from August 22, 2017 – August 24, 2017. While Apex Frozen Foods Ltd IPO (AFFL IPO) Grey Market Premium (GMP) is still now active.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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