When does Barbeque Nation come out with its IPO? What is the price band?
Answer
Answer
Casual dining restaurant chain operator, Barbeque Nation Hospitality, will open its initial public offering for subscription on 24th March. The issue will close on 26th March. The IPO comprises a fresh issue of Rs180cr and an offer for sale of up to 54.57 lakh equity shares by existing selling shareholders.
The price band for the offer has been fixed at Rs498 – Rs500 per equity share. 75% of the total book size is reserved for qualified institutional buyers, 10% for retail investors, and the remaining 15% for non-institutional investors. Investors can bid for a minimum of 30 equity shares and in multiples of 30, thereafter.
IPO Snapshot: