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Barbeque Nation Hospitality's Rs 453-crore IPO to open on Wednesday

The company will issue fresh equity worth Rs 180 crore in the maiden offering

IPO, shares, company, firms, market
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The price band for the IPO is set at Rs 498-Rs 500 per share

BS ReporterAgency
Barbeque Nation Hospitality’s Rs 453-crore initial public offering (IPO) will remain open for subscription between March 24 and March 26. The company will issue fresh equity worth Rs 180 crore in the maiden offering. The IPO also comprises secondary share sale worth Rs 273 crore. The price band for the IPO is set at Rs 498-Rs 500 per share. Barbeque Nation Hospitality owns and operates the popular chain of Barbeque Nation Restaurants. It operates around 147 outlets across 77 cities. “The company is going to list at an enterprise value-to-sales (FY20) of 2.41 times with a market cap of Rs

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