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Barbeque Nation Hospitality IPO to be listed today. Details here

  • The IPO is backed by personal fairness investor CX Companions and inventory market investor Rakesh Jhunjhunwala’s agency Alchemy Capital. This is how one can verify allotment standing of the IPO

Barbeque Nation Hospitality, which opened its preliminary public providing (IPO) for subscription throughout March 24-26, will finalise the share allotment standing on Wednesday. The 453- crore IPO was subscribed 5.98 occasions and acquired bids for 29,901,510 shares towards 4,999,609 shares on provide. The IPO was subscribed 5.11 occasions by certified institutional consumers (QIBs) class, 3.10 occasions by non-institutional traders and 13.13 occasions by retail particular person traders. The IPO is backed by personal fairness investor CX Companions and inventory market investor Rakesh Jhunjhunwala’s agency Alchemy Capital.

Find out how to verify allotment standing

The allotment standing of the IPO will be checked on the web site of Hyperlink Intime India Pvt Ltd, which is the registrar of the IPO. On the positioning, traders ought to choose ‘Barbeque Nation Hospitality Restricted – IPO’ within the dropdown menu from the ‘concern’ part. After this, traders ought to enter the PAN, utility quantity or DP Consumer ID and click on on the ‘search’ button to see the allotment standing.

The share allotment may also be checked on BSE’s web site. On the positioning, verify field the ‘fairness’ possibility below concern kind and choose ‘Barbeque-Nation Hospitality Restricted’ from the dropdown listing. After this, traders ought to enter the PAN or utility quantity. Click on on the ‘search’ button to see the allotment standing.

Particulars of the IPO

The value band of the shares within the IPO was fastened at 498-500 per share. The IPO comprised a contemporary concern of shares value 180 crore and an offer-for-sale of as much as 5,457,470 fairness shares. The corporate reserved fairness shares aggregating as much as 2 crore for eligible workers. The corporate plans to make use of the proceeds from the IPO to fund capital expenditure with respect to enlargement and opening of latest eating places. The corporate additionally stated that it plans to repay borrowings and bills associated to normal company functions via the proceeds. The IPO is being managed by IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets.

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