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The Barbeque Nation IPO is opening up for subscription between March 24 and 26. The price band is 498 to 500 per share and one lot will have 30 shares.

April 7:Listing Day

  • Barbeque Nation lists at Rs 489.85 per share on the NSE. This is a 2.03% discount to its issue price of Rs 500 per share.
  • On the BSE, the share price listed at Rs 492, a discount of 1.6%.

March 26: Day 3

As of 5.00 p.m.

  • The Barbeque Nation IPO was subscribed 5.98 times on day 3 of bidding.
  • The IPO received 2.99 crore shares as against an offer size of 49.99 lakh shares.

Subscription Status

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  • Qualified institutional buyers (QIB): 5.11 times the reserved portion
  • Non-institutional buyers (NII): 3.1 times the reserved portion
  • Retail individual investors: 13.13 times the reserved portion
  • Employees: 1.02 times the reserved portion

As of 3.30 p.m.

  • The Barbeque Nation IPO was subscribed 5.39 times so far on day 3 of bidding.
  • The IPO received 2.69 crore shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 4.94 times the reserved portion
  • Non-institutional buyers (NII): 1.43 times the reserved portion
  • Retail individual investors: 12.86 times the reserved portion
  • Employees: 0.97 times the reserved portion

As of 12.50 p.m.

  • The Barbeque Nation IPO was subscribed 2.91 times so far on day 3 of bidding.
  • The IPO received 1.45 crore shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 1.48 times the reserved portion
  • Non-institutional buyers (NII): 0.2 times the reserved portion
  • Retail individual investors: 11.38 times the reserved portion
  • Employees: 0.81 times the reserved portion

As of 10.50 a.m.

  • The Barbeque Nation IPO was subscribed 2.27 times so far on day 3 of bidding.
  • The IPO received 1.13 crore shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.61 times the reserved portion
  • Non-institutional buyers (NII): 0.11 times the reserved portion
  • Retail individual investors: 10.54 times the reserved portion
  • Employees: 0.74 times the reserved portion

March 25: Day 2

As of 5.00 p.m.

  • The Barbeque Nation IPO was subscribed 1.98 times on day 2 of bidding.
  • The IPO received 98.75 lakh shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.37 times the reserved
  • Non-institutional buyers (NII): 0.1 times the reserved portion
  • Retail individual investors: 9.66 times the reserved portion
  • Employees: 0.7 times the reserved portion

As of 3.40 p.m.

  • The Barbeque Nation IPO was subscribed 1.85 times so far on day 2 of bidding.
  • The IPO received 92.37 lakh shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.37 times the reserved
  • Non-institutional buyers (NII): 0.09 times the reserved portion
  • Retail individual investors: 8.97 times the reserved portion
  • Employees: 0.55 times the reserved portion

As of 2.10 p.m.

  • The Barbeque Nation IPO was subscribed 1.72 times so far on day 2 of bidding.
  • The IPO received 85.87 lakh shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.37 times the reserved
  • Non-institutional buyers (NII): 0.08 times the reserved portion
  • Retail individual investors: 8.27 times the reserved portion
  • Employees: 0.47 times the reserved portion

As of 11.50 a.m.

  • The Barbeque Nation IPO was subscribed 1.6 times so far on day 2 of bidding.
  • The IPO received 79.9 lakh shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.37 times the reserved
  • Non-institutional buyers (NII): 0.08 times the reserved portion
  • Retail individual investors: 7.61 times the reserved portion
  • Employees: 0.46 times the reserved portion

March 24: Day 1

As of 5.00 p.m.

  • The Barbeque Nation IPO was subscribed 1.33 times on day 1 of bidding.
  • The IPO received 66.46 lakh shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.37 times the reserved
  • Non-institutional buyers (NII): 0.07 times the reserved portion
  • Retail individual investors: 6.14 times the reserved portion
  • Employees: 0.41 times the reserved portion

As of 4.20 p.m.

  • The Barbeque Nation IPO was subscribed 0.97 times so far on day 1 of bidding.
  • The IPO received 48.59 lakh shares as against an offer size of 49.99 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): Not bid yet
  • Non-institutional buyers (NII): 0.05 times the reserved portion
  • Retail individual investors: 5.31 times the reserved portion
  • Employees: 0.21 times the reserved portion

March 23: Funds Raised from Anchor Investors

The company raised Rs 202.89 crores from 21 anchor investors today. The IPO was open for the bidding of the anchor book portion on March 23. The company will allocate 40.57 lakh shares at Rs 500 per share to the anchor investors.

Few of the anchor investors were:

  • Goldman Sachs India Ltd
  • Nomura Funds Ireland  Public Limited Company
  • Fidelity Investment Trust
  • SBI Mutual Fund 
  • ICICI Prudential Mutual Fund
  • Kotak Mutual Fund
  • Aditya Birla Sunlife Mutual Fund
  • HDFC Mutual Fund
  • HDFC Life Insurance Company, 
  • Kuber India Fund
  • Pioneer Investment Fund and 
  • UPS Global Trust

About the IPO

Barbeque Nation’s IPO comprises a fresh issue of shares for Rs 180 crores and an offer for sale for Rs 272.87 crores.

About the Company

Barbeque Nation Hospitality Ltd owns and operates Barbeque Nation Restaurants in India and abroad. The company aims to offer a unique customer experience. The restaurant chain pioneered the live ‘over the table’ barbecue concept. Barbeque Nation is backed by CX Partners, a private equity investor and Alchemy Capital, Rakesh Jhunjhunwala’s investment firm.

Read more on Groww: Barbeque Nation IPO – Barbeque Nation Hospitality Limited IPO

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