Breaking News

You are here » Indian-Commodity  :  IPO  :  Barbeque-Nation Hospitality receives SEBI's nod for IPO

16-Jan2018

Barbeque-Nation Hospitality receives SEBI's nod for IPO

Barbeque-Nation Hospitality has received market regulator Securities and Exchange Board of India's (SEBI) approval to raise an estimated Rs 700 crore through Initial Public Offering (IPO). The proceeds from the issue will be utilized towards setting-up of new restaurants in India, repayment of loans, and general corporate purposes.

The IPO comprises fresh issue of shares worth Rs 200 crore and an offer for sale of up to 6,179,000 equity shares. The offer includes a reservation of up to 1.5 lakh equity shares for the company's employees.

IIFL Holdings, Edelweiss Financial Services, Jefferies India and SBI Capital Markets are the book running lead managers to the issue.

Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, has steadily grown its owned and operated restaurant network from a single restaurant in 2006-07 to 81 till June 30, 2017.




Related News

View all news

Spandana Sphoorty gets SEBI's nod for IPO

Spandana Sphoorty Financial has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO consists of fresh issue......

Bharat Hotels gets SEBI's approval for IPO

Bharat Hotels has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises sale of fresh equity shares......

Chartered Speed files DRHP with SEBI for public issue

Fleet bus operators Chartered Speed has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 273 crore through an Initial......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......