Barbeque Nation IPO closes for subscription today, Retail Investors portion subscribed nearly 10 times
Barbeque Nation's initial public offering (IPO) was subscribed 1.98 times on the second day of subscription, i.e. on March 25, 2021. The retail portion of the offer was subscribed 9.66 times, while QIB and NII were subscribed 0.37 times and 0.10 times, respectively. Today was the last day for the subscription of the public offer.
Zee Business Managing Editor Anil Singhvi had said that Investors should AVOID subscribing for listing gains. Long term investors can invest in this IPO if they have an investment horizon of 3 years: Reuters