Barbeque Nation IPO Review: Issue opens today; Anil Singhvi takes strong stance on issue, says do this
Barbeque Nation IPO Review: Barbeque Nation public issue kept its date with the public and opened today for subscription. Zee Business Managing Editor Anil Singhvi took a strong stand on the IPO, which has been in the news for quite some time due to its popularity with the public.
Barbeque Nation IPO Review: Barbeque Nation public issue kept its date with the public and opened today for subscription. Zee Business Managing Editor Anil Singhvi took a strong stand on the IPO, which has been in the news for quite some time due to its popularity with the public. In his Barbeque Nation IPO review, the Market Guru said that the issue is attractive, but only for those who want to invest for the long-term, say three or more years. However, Barbeque Nation IPO listing gains will be scant and Singhvi advised them to avoid it.
Speaking on bidders interested in Barbeque Nation IPO for listing gains only, Anil Singhvi said, "Listing gains means at least 20-25 per cent and when I look at the financials of the company, then Barbeque Nation IPO looks weak. It has been incurring loss in the last three years that means the company's financials are not as attractive as its menu card at its joint."
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However, the Market Guru advised long-term investors to go for Barbeque Nation IPO subscription and said, "Those IPO bidders who want to hold Barbeque Nation IPO stock for at least three years if the IPO is allotted to them, can go for it. In the next three years, the new restaurants that Barbeque Nation has opened will start contributing to the profit of the company."
WATCH | Full coverage in Zee Business video below:
Barbeque Nation के IPO में क्या करे?
कंपनी के लिए क्या पॉजिटिव- क्या निगेटिव?
अनिल सिंघवी- Avoid करें, ज्यादा रिस्क वाला IPO, लॉन्ग टर्म निवेशक 3 साल के निवेश के लिहाज से लगाएं पैसा
IPO मतलब सिर्फ ज़ी बिज़नेस#EditorsTake #BarbequeNation #IPO @AnilSinghvi_ pic.twitter.com/IImfcd5Z5e
— Zee Business (@ZeeBusiness) March 24, 2021
On other aspect in regard to the Barbeque Nation financials Singhvi said, "After Barbeque Nation IPO listing, company's debt will come down to the tune of Rs 60 crore, which will further strengthen the company's financials."
The Zee Business Managing Editor went on to add that Barbeque Nation IPO price band of Rs 498 to Rs 500 per share is confusing as the company has sold 60 lakh shares just three months ago on PIP basis at Rs 252 per share. Apart from this, ace Indian stock market investor Rakesh Jhunjhunwala was given 5.75 lakh Barbecue Nation shares at Rs 832 per share price around three years ago.
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10:30 AM IST