Is it worth investing in Barbeque Nation IPO?
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Is it worth investing in Barbeque Nation IPO?
“Uninformed retail investors are ignoring the fact that Barbeque Nation allotted shares on a preferential basis to Jubilant Foods (in a pre-IPO placement) at Rs 252 per share in January 2021. However, investors should not invest in IPOs from listing gain perspective.
How is Barbeque Nation IPO?
Barbeque Nation IPO is a main-board IPO of 9,057,470 equity shares of the face value of ₹5 aggregating up to ₹452.87 Crores. The issue is priced at ₹498 to ₹500 per equity share. The minimum order quantity is 30 Shares. The IPO opens on Mar 24, 2021, and closes on Mar 26, 2021.
What is IPO issue price?
What Is Listing Price? IPO listing price refers to the opening price of a share when a company makes a debut on the stock exchange. The listing takes place after the three-day IPO when investors subscribe for the shares. The allocation of shares takes place after the IPO.
Is Barbeque Nation going public?
Barbeque Nation Hospitality’s Rs 453-crore IPO, which was subscribed nearly 6 times, is likely to make its stock market debut on Wednesday, April 7, 2021. This would be the first IPO listing in the new financial year 2021-22.
What happened to Barbeque Nation IPO?
Allotment of shares was done on April 1, 2021. The allotment of shares for Barbeque Nation Hospitality was done on April 1. The IPO was subscribed 5.98 times on its last day on March 26. The issue received bids for 2.99 crore equity shares against the offer size of 49.99 lakh equity shares.
On 26th Feb 2020 Barbeque Nation has opened its 16th outlet in Mumbai at Kandivali. This is the Barbeque Nation 147th outlet in India and 154th Internationally….Barbeque Nation Limited Unlisted Shares Details:
| Total Available Shares: | 500 |
|---|---|
| Current Unlisted Share Price: | ₹ Listed on NSE & BSE Per Equity Share |
Does Barbeque Nation make profit?
On 24 May 2021, Barbeque Nation had projected a profit of INR 6.1 crore for the March quarter when compared to a loss of INR 27 crore in the previous year. There was a 19 \% increase in the revenue from operations of the company which amounted to INR 190 crore.