Barbeque Nation Hospitality is a Fresh Issue of Equity shares aggregating upto Rs 180 cr and Offer for sale of upto 5,457,470 equity shares. The Issue size is of Rs 452 –  Rs 453 cr. The number of shares to be offered are 9,071,927 – 9,057,470. The Face value is Rs 5 per share. Employee Reservation is Equity shares aggregating upto Rs 2 cr. The Price band is Rs 498 – 500 for the issue. The Bid Lot is 30 Shares and in multiple thereof. Post Issue Implied Market Cap of Barbeque Nation Hospitality will be 1870 cr – 1877 cr. The Book Running Lead Managers are Axis Capital, IIFL Securities, Ambit Capital, SBI Capital. The Markets Registrar is Link Intime India. The Issue opens on Wednesday, 24th Mar’2021 and closes on Friday, 26th Mar’2021.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Barbeque Nation Hospitality Limited was incorporated on October 13, 2006. The company owns and operates Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains and International Barbeque Nation Restaurants. They also own and operate Toscano Restaurants and You and Barbeque (“UBQ”) by Barbeque Nation. The first Barbeque Nation Restaurant was launched in 2006 by Sayaji Hotels Ltd. (“SHL”), one of their promoters. They launched their 1st Barbeque Nation Restaurant in 2008, and subsequently acquired 5 Barbeque Nation Restaurants owned by SHL in 2012.

See Zee Business Live TV Streaming Below:

As of December 31, 2020, the company has 164 restaurants owned and operated by them which includes 147 Barbeque Nation Restaurants across 77 cities in India, 6 International Barbeque Nation Restaurants across 4 cities outside India and 11 Italian Restaurants across 3 metro cities in India of which 9 are operated under the brand name “Toscano” and 1 each under the brand names “La Terrace” and “Collage”, respectively. International Barbeque Nation Restaurants are 2 in Dubai, 2 in Abu Dhabi, 1 each in Kuala Lumpur and in Muscat.

Through their Barbeque Nation Restaurants, they pioneered the format of ‘over the table barbeque’ concept in Indian restaurants. Their fixed price ‘all you can eat’ concept at their Barbeque Nation Restaurants offers their customers a varying spread of consistently delicious food at a value-oriented price in a pleasant and casual dining environment. One of their delivery products, “Barbeque-in-a-Box,” that they launched in June 2020, provides a wide range of starters, main course and desserts. This is in addition to two other products, “Grills in a Box” and “Meals in our Box.

Barbeque Nation Hospitality Limited has an integrated digital ecosystem of app, reservation system, delivery & loyalty program. They have managed risks due to Covid19 with consistent recovery. The company places a strong emphasis on customer reviews and feedback and use to obtain customer feedback in accordance with their internally devised and managed Guest Satisfaction Index (“GSI”).

Barbeque Nation Hospitality Limited has significant online presence and they have witnessed increased reservations through their online platforms. In Fiscal 2020 and the 8 months ended November 30, 2020, over 46.7% and 60.8% of total reservations at Barbeque Nation Restaurants were made online. Also, as of December 31, 2020, their BBQ App had registered over 2.2 million downloads.