Barbeque Nation’s IPO, which was subscribed by almost six times, going to issue a statement regarding its share allotment status on the 1st of April 2021, while the shares will list on the 7th of April, according to a report by Business Insider (India).
In the pre-IPO round, Barbeque Nation had raised Rs 150 crore from Xponentia capital, founded by private equity veteran Ajay Relan, and Jubilant Foodworks, the parent company of Domino’s pizza in India. Also, CX capital and Alchemy Capital (investment firms) are also assisting Barbeque with its fund requirements.
The Chief Executive Officer, Barbeque Nation, Rahul Agrawal elucidates how they will utilize the funds in an interview with Business Insider. According to him, the company is raising Rs 180 crore, out of which Rs 75 crore will be put to the repayment of debts, Rs 55 crore will be utilized for the business expansion, and the rest of the balance will be used for the general corporate expenses.
You can follow these simple steps to check out the allotment status of IPO:
- In order to be informed about Barbeque Nation’s allotment status, visit the BSE or NSE website.
- On BSE, select ‘Equity’, and then click on ‘Barbeque Nation Hospitality”.
- Enter your ‘Application Number’ and ‘PAN’.
- Click on ‘Search’.
After submitting credentials, the status of your application will appear on the screen. However, it is important to note that the details will appear on the screen only if the share are allotted.
