The initial public offering (IPO) of Barbeque Nation Hospitality, a casual dining restaurant chain operator, opens for subscription today. This will be the 17th public offer in the calendar year 2021 so far. The issue will close on March 26.
The company owns and operates Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains and International Barbeque Nation Restaurants.
IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets are the book-running lead managers to the issue.
Here are the key things to know about the Barbeque Nation Hospitality IPO:
As of December 31, 2020, the company has 164 restaurants owned and operated by them.
Barbeque Nation Hospitality pioneered the format of ‘over the table barbeque’ concept in Indian restaurants, according to the Technopak Report.
Barbeque-Nation Hospitality has reported losses in every financial year since FY18. However, the company’s revenue has been increasing in the same periods.
But at the operating level, the performance remained better with EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 140.37 crore, Rs 149.39 crore, Rs 168 crore and Rs 12.59 crore in FY18, FY19, FY20 and in eight months period ended November 2020.
Source: Yes Securities