Comments
Shares of Barbeque Nation Hospitality, which was listed in discount of over 2 per cent with respect to IPO price, closed with 18 per cent gains. The restaurant chain's stock listed at ₹492 on the BSE against the the issue price of ₹500. However, the stock closed 18 per cent higher at ₹590.40. The public issue was subscribed 5.98 times and came at a price band of ₹498-500 a share. The IPO was a fresh issuance of equity shares of ₹5 face value, aggregating up to ₹180 crore and an offer for sale of up to 54,57,470 equity shares by the selling shareholders. Barbeque Nation is backed by ace investor Rakesh Jhunjhunwala's investment firm Alchemy Capital.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.