Barbeque Nation Hospitality Ltd which
owns and runs a chain of casual dining restaurants throughout India under the
Barbeque-Nation brand name, has received markets regulator’s nod to raise an
estimated Rs. 700 crore through initial public offering (IPO).
The IPO comprises fresh issue of
shares worth Rs. 200 crore and an offer for sale of up to 61,79,000 equity
shares, as per the DRHP, filed by the company. The offer consists of a
reservation of upto 1.5 lakh equity shares for the company’s employees.
Barbeque Nation Hospitality has
signed IIFL Holdings, Jefferies India, Edelweiss Financial Services and SBI
Capital Markets for the book running lead managers to the issue.
With the IPO markets picking up
momentum after an engaging year 2017 for IPOs, the markets are set to salute
big IPOs of companies including Reliance General Insurance Company, Hindustan
Aeronautics Limited, IRCTC, Barbeque Nation Hospitality and HG Infra
Engineering among others.
The rupee recovered sharply in morning after the government reduced its requirement of additional borrowing.
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