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Barbeque Nation IPO share allotment expected next week; here is how to check

Barbeque Nation raised Rs 453 crore through the IPO, which comprised a fresh issue of Rs 180 crore and an offer for sale of Rs 273 crore.

March 28, 2021 / 11:43 AM IST
 
 
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Barbeque Nation Hospitality, the casual-dining restaurant chain, is expected to finalise the IPO share allocation in the coming week.

The last of the initial public offering among the main board IPOs for the March quarter opened for subscription on March 24 and closed on March 26 after being subscribed almost six times. Qualified institutional buyers subscribed their portion 5.11 times and non-institutional investors 3.10 times. The portion set aside for retail investors was subscribed 13.13 times and that of employees 1.02 times.

Barbeque Nation raised Rs 453 crore through the issue, which comprised a fresh issue of Rs 180 crore and an offer for sale of Rs 273 crore equity shares by shareholders. The company will use the fresh issue funds for repaying debt.

The casual dining restaurants chain in consultation with merchant bankers will finalise IPO share allotment around April 1, as per the schedule available in the red herring prospectus.