Barbeque Nation IPO Stock Allotment: Allotment of shares has been finalized under the IPO of Barbecue Nation, an investment company of veteran investor Rakesh Jhunjhunwala. The IPO of Barbecue Nation received a fair amount of response from investors and was subscribed 5.98 times. Prior to this, Rakesh Jhunjhunwala’s investment company Najara Technology had a strong entry in the market, due to which there has been a craze regarding the listing of Barbecue Nation. If you have made a bet in an IPO, then you would like to know whether you got its share allotted or not. One can easily find this out from the website of BSE and the registrar. The IPO of Barbecue Nation was open from 24 March to 26 March and its price band was fixed at Rs 498-500. One lot was of 30 shares.
Good investor response
Barbecue Nation’s IPO received a better response from investors. This IPO was received 5.98 times the bids overall. According to the data available on the NSE, the IPO received bids for 2.99 crore shares, while the issue size was 5 million shares. Reserve Porsion received 13.13 times bids for retail investors, while Reserve Porsons subscribed 5.11 times for qualified institutional buyers (QIBs). Reserve Porson subscribed 3.10 times for non-institutional investors. Reserve Porson also received 1.02 times bids for employees.
In the IPO, the company had reserved 75 percent of the total book for qualified institutional buyers. 10 per cent for retail investors and 15 per cent for the rest was for non-institutional investors. The company had decided to issue shares worth Rs 2 crore to its employees.
How to check status
Option 1: From the BSE website
For this, first you have to go to the BSE website.
After that the equity box has to be checked.
Then you have to enter the name of the issue in the dropdown.
After that you have to type your application number in the box.
After that you will have to give information about your PAN number.
Finally, you have to click on the search button, after which the complete information will be revealed.
Option 2: On the registrar’s website
Link Intime India is the registrar for this issue.
The registrar for this IPO is Link Intime India, whose website has to be visited.
The website is https://www.linkintime.co.in/IPO/public-issues.html.
Type the company name in the dropdown.
After that enter PAN number, application number or depository / client ID in the box
Then enter the captcha and click on the search button.
How much stake of Rakesh Jhunjhunwala
The Bangalore-based company has been invested by Alchem Capital, a firm of veteran investor Rakesh Jhunjhunwala, and private equity firm CX Partners. Promoters hold 60.24 per cent stake in Barbecue Nation. CX Partners holds 33.79 per cent and Rakeshan Jhunjhunwala’s investment firm Alchemy Capital holds 2.05 per cent.
About the company
As of December 2020, Barbecue Nation Hospitality is operating 147 outlets in 77 cities across the country and 6 in 3 countries UAE, Oman and Malaysia. The company opened its first restaurant in 2008. The company’s total operating revenue in FY 2020 (FY20) was Rs 850.8 crore and the CAGR for FY17 to FY20 was 19.5 per cent. Barbecue Nation Hospitality had applied to SEBI for an IPO in February last year and in July 2020, SEBI approved the IPO.
Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.