Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company
The price band for the IPO is set at Rs 498 to Rs 500 per share
The company will issue fresh equity worth Rs 180 crore in the maiden offering
Casual dining chain Barbeque Nation Hospitality on Monday fixed a price band of Rs 498-500 per share for its initial share sale, which will open for public subscription on March 24
The firm may come out with its initial share sale next week
Startups, PSUs and big-ticket brands all plan to list, continuing a trend that raised about Rs 7,375 crore in January. Akash Podishetty evaluates six companies that are planning to bring their IPOs
The company's consolidated debt is pegged at Rs 225 crore
The IPO comprises a fresh issue of shares worth Rs275 crore and an offer-for-sale of up to 98,22,947 equity shares
According to merchant banking sources, the company is expected to raise Rs 7 billion through the IPO
However, the market regulator did not clarify whether the past violations have been committed by the company or related entitites