Lawstreet Journal

Barbeque Nation Set To Gather Capital Of Rs. 1000-1200 Crores Through IPO

Lawstreet Journal 20 Feb 2020 5:32pm

Image courtesy: Lawstreet Journal Business Barbeque Nation Set To Gather Capital Of Rs. 1000-1200 Crores Through IPO

Barbeque Nation Hospitality aims to gather capital estimated to be Rs. 1000-1200 crores by going to public through initial public offering (IPO). As per draft paper filed with Security and Exchange Board of India (SEBI), company has offered shares worth Rs. 275 and an offer-for-sale of up to 98,22,947 equity shares.

What is Initial Public Offering (IPO)?

When any private company wants to gather more capital to pay debt or to expand its business, then the company sells its shares to the general public in consideration for money. To sell its shares company has to take permission from SEBI. SEBI checks whether company follows all market rules or not and also verifies all details provided company.

Through the capital gathered through IPO, a company plans to pay debt upto Rs. 205 crores in part or full and rest amount to be utilized for corporate purposes. It also may also offer pre-IPO placement of worth Rs. 150 crores. The issue is being managed by IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets.

What is pre-IPO placement?

A pre-initial public offering (IPO) placement is a private sale of large blocks of shares before the stock is listed on a public exchange. The buyers are typically private equity firms, hedge funds, and other institutions willing to buy large stakes in the firm. Due to the size of the investments being made and the risks involved, the buyers in a pre-IPO placement usually get a discount from the price stated in the prospective for the IPO.

Barbeque Nation… Continue Reading...

Tagged: Barbeque   Initial Public Offering  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
New Members view all


C2RMTo Know More

Something Awesome Is In The Work









Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail