The issue, which was sold in the Rs 498-500 range, received a decent response with 5.98 times subscription. The retail quota was subscribed 13.13 times, followed by the QIB (qualified institutional bidders) quota at 5.11 times, the HNI quota at 3.1 times, and the employees quota 1.02 times.
Investors, who had bid for the issue, can check the allotment status on the BSE website:
1) Visit this
URL
2) Under the issue type, click Equity
3) Under the issue name, select Barbeque-Nation Hospitality Limited under the dropbox
4) Write the application number
5) Add the Pan card ID
6) Click on ‘I am not a Robot’ and hit search.
You can also check the allotment status of the online portal of Link Intime India Private Ltd, the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
On Link Intime India Private
web portal, select IPO in the drop box:
1) In the IPO dropbox, the name will be populated only if the allotment is finalised
2) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
3) Enter the details of the mode you selected in step 2
4) Hit ‘submit’
Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, casual dining restaurant chains and International Barbeque Nation Restaurants and also runs Toscano Restaurants and You and Barbeque.
Analysts were not so bullish on this IPO, given the second wave of Covid-19, which is likely to weigh on the company’s earnings in the near future. Marketmen tracking the company said the revenue contribution from dine-in is still as high as 85 per cent for Barbeque Nation, even though it has declined from 97 per cent in the pre-Covid period. Besides, despite an increase in the number of the Barbeque Nation Restaurants and growth in consolidated revenues, the company had in the past incurred losses.
As of December 31, the company operated 164 restaurants, which includes 147 Barbeque Nation Restaurants across 77 cities in India, six International Barbeque Nation Restaurants across 4 cities outside India and 11 Italian restaurants across 3 metro cities in India. Out of them, 9 were operated under the brand name “Toscano” and 1 each under the brand names “La Terrace” and “Collage”, respectively.
