Barbeque Nation IPO – Everything you need to know!

Reading Time: 2 minutes

Incorporated in 2006, Barbeque Nation Restaurants is one of the leading casual dining restaurant chains in India. It offers the best quality of food offerings, ambiance, and services to customers. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation that caters to the delivery segment.

The first Barbeque Nation Restaurant was established in 2008 and as of November 30, 2019, the network has been steadily grown to 147 Barbeque Nation Restaurants in 77 cities in India and 6 International Barbeque Nation Restaurants in 3 countries outside India. The company has recently diversified into another brand “Red Apple” which operates 10 Italian restaurants in 2 cities of India i.e. Bengaluru and Chennai.

The offer for sale comprises a sale by Sayaji Housekeeping Services Ltd of up to 1.02 million shares, by Azhar Dhanani, Sadiya Dhanani, and Sanya Dhanani of up to 3.39 lakh each, and by Tamara Pvt Ltd of 3.32 million shares. The Dhanani family holds 45.7% in Barbeque Nation through a subsidiary of their listed flagship Sayaji Hotels. CX Partners owns 21.72% of the firm and ace investor Rakesh Jhunjhunwala’s investment firm Alchemy Capital holds 2.07%.

Also Read on FinMedium:  IPO’s – Feb 2021 – Ambrulz's Blog

The detailed document is in PDF format here.

Liked the Article? More curious?

All our research here. | Our complete media coverage here.

Disclaimer

If you are looking for investment advice, click here and we will reach out to you within 24 hours!

Source link

Every Wednesday and Saturday, we send Info-Graphic and FinMedium Weekly Digest newsletters to our 25000+ Subscribers.

Join Them Now!


JST Investments

JST Investments

JST Investments is a Mumbai-based investment firm that believes in long-term wealth creation. It's a brainchild of Aditya Kondawar, Aditya Shah, and Anish Moonka.
Please Share Now :)