India's restaurant chain Barbeque-Nation falls in debut trade: Details here

Shares of Barbeque-Nation Hospitality fell 2% in their market debut on Wednesday, after the casual dining restaurant chain raised about Rs 4.53 billion through an IPO

Barbeque Nation
Reuters BENGALURU
1 min read Last Updated : Apr 07 2021 | 11:01 AM IST

BENGALURU (Reuters) - Shares of Barbeque-Nation Hospitality fell 2% in their market debut on Wednesday, after the casual dining restaurant chain raised about 4.53 billion rupees ($61.62 million) through an initial public offering (IPO).

Fundraising via IPOs is at a 13-year high in India due to a flood of overseas investment and as unusual interest from mom-and-pop investors spur more listings, making India one of the hottest IPO markets in 2021.

Barbeque-Nation's shares opened at 489.85 rupees per share, below the offer price of 500 rupees.

 

(Reporting by Chandini Monnappa, Anuron Kumar Mitra and Rama Venkat in Bengaluru, Editing by Sherry Jacob-Phillips)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Barbeque Nation IPOIndian stocksMarkets

First Published: Apr 07 2021 | 10:44 AM IST

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