Tag: barbeque nation

Shares of casual dining, Barbeque Nation Hospitality were locked in 20 percent upper circuit at Rs 767.50 on the BSE on Tuesday after the company posted revenues of Rs 226 crore in the Jan-Mar quarter of FY21, a growth of 18.5 percent on-year. It stood at Rs 190 crore in the same quarter last year. The company’s operating profit or EBITDA stood at Rs 56 crore in the March quarter, The company had posted Rs 24.6 crore in the year-ago quarter. Total 1.39 lakh shares changed hands amounting to turnover of Rs 10.16 crore on BSE. The market cap of the firm rose to Rs 2,878 crore on BSE. Share of revenue from digital platforms increased to 24.7% from 20.1% in Q4 FY20, while the delivery business has grown 6 times in Q4 FY21 as compared to the same period last year. Read more

Shares of casual dining chain operator Barbeque Nation Hospitality on Thursday were locked in a 20 per cent upper circuit, for the second straight day, at Rs 708.45 on the BSE. Currently, the stock was up 42 per cent against its issue price of Rs 500 per share after a weak market debut, yesterday. On April 7, it made a weak start but immediately moved higher to trade with 20 per cent gains and closed at Rs 590.40 against the issue price of Rs 500 a share. Barbeque Nation Hospitality's ₹ 453-crore IPO was subscribed 5.98 times, according to data available on the stock exchanges. The strong presence in the Indian market positions the company well to capitalise on the growth in consumer spending from expected increases in the level of disposable income in India. The company would be spending around Rs 90 crore in the next two years to expand its restaurant (both ‘Barbeque Nation’ & ‘Toscano’) base in existing cities, ICICI Securities said.

Casual dining restaurant chain Barbeque Nation Hospitality’s IPO opens on Wednesday on March 24 with an issue price of Rs 498-500 per share. The three-day public issue will conclude on March 26, according to the company. Barbeque Nation Hospitality is backed by private equity investor CX Partners and renowned stock market investor Rakesh Jhunjhunwala's investment firm Alchemy Capital. The initial public offer comprises a fresh issue of shares worth Rs 180 crore and an offer-for-sale of up to 54,57,470 equity shares. According to data on stock exchanges, the Barbeque Nation IPO market lot size is 30 shares. The minimum order quantity of the IPO is 30 shares. A retail investor can apply for a maximum of up to 13 lots, specifically 390 shares or ₹ 195,000. The shares are proposed to be listed on stock exchanges BSE and NSE. The date of the listing is not decided as yet. Read more