Investors bid for nearly 30 million shares as against only 5 million on the offer.
The IPO comprised of Rs 180 crore of fresh fund raise and secondary share sale worth Rs 273 crore. The company will use the IPO proceeds to open new outlets and retire some debt.
The price band for the IPO is set at Rs 498 to Rs 500 per share. At the top-end, the company will be valued at Rs 1,877 crore. Barbeque-Nation capped a busy month for IPOs.
A total of nine maiden offerings worth a cumulative Rs 6,080 crore hit the market in March.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
First Published: Fri, March 26 2021. 17:43 IST
read the full story about Barbeque Nation IPO subscribed six times
#theheadlines #breakingnews #headlinenews #newstoday #latestnews #aajtak #ndtv #timesofindia #indiannews