Another company backed by Rakesh Jhunjhunwala to issue its IPO next week!

Barbeque Nation IPO
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Casual dining restaurant chain Barbeque Nation Hospitality may issue its IPO next week, merchant banking sources said on Friday.

Veteran investor Rakesh Jhunjhunwala’s investment firm Alchemy capital and private equity investor CX partners holds the major stake in this company.

The IPO offers fresh issue of shares worth Rs 180 crore and an offer-for-sale up to 54,57,470 equity shares, the sources said.

The company has already raised Rs 150 crore through pre-IPO placement from Xponentia Capital and Jubiliant Foodworks they added.

Companies Statistics:

Incorporated in 2006, Barbeque Nation 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.

It has a strong growing network of 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants in 3 countries outside India.

Strength:

  • One of the leading hospitability chain in India
  • Offers both Vegetarian and Non-vegetarian cuisine
  • Healthy financial position

Company Promoters:

Sayaji Hotels Limited, Sayaji Housekeeping Services Limited, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani are the company promoters.

Company Financials:

30-Sep-1931-Mar-1931-Mar-1831-Mar-17
Total Assets8,597.328,190.857,231.605,288.23
Total Revenue4,242.507,425.415,904.484,985.81
Profit After Tax(93.64)(383.86)(58.00)39.56
Summary of financial Information (₹ in million)

Objective of the issue:

The proceeding of the issue will be utilised to fund the company’s capital expenditure for expansion and prepayment or repayment of certain borrowings and expenses related to general corporate purposes.

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