InvestorQ : When will the allotment take place and listing of Barbeque Nation?
Gauravi Patel made post
IPO

When will the allotment take place and listing of Barbeque Nation?

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Ankit Patil answered.
2 months ago
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Barbeque Nation Hospitality in consultation with merchant bankers will finalize the IPO share allotment around 1st April, and the fund will be refunded around 5th April. Equity shares will get credited to eligible investors' Demat accounts around 6th April, and the trading in equity shares will begin with effect from 7th April, as per the schedule available in the company's red herring prospectus.

The company plans to use the proceeds from the issue sale to fund its capital expenditure for the expansion and opening of new restaurants. It also plans to prepay or repay certain borrowings and expenses related to general corporate purposes.

The company has already raised Rs150cr through a pre-IPO placement from Xponentia Capital and Jubilant Foodworks. The issue is being managed by IIFL Securities, Axis Capital, Ambit Capital, and SBI Capital Markets.

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