Barbeque Nation IPO
About Barbeque Nation:
They own and operate Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains according to the Technopak Report.
The first Barbeque Nation Restaurant was launched in 2005 by Sayaji Hotels, one of their promoters. Five Barbeque Nation Restaurants owned by Sayaji Hotels were transferred to the company in 2012.
They have steadily grown their owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2007 to 81 Barbeque Nation Restaurants in 42 cities in India (including one currently under renovation) and one restaurant in Dubai as of June 30, 2017. In addition, as of June 30, 2017, they had granted the franchise rights of one Barbeque Nation Restaurant.
On 26th Feb 2020 Barbeque Nation has opened its 16th outlet in Mumbai at Kandivali. This is the Barbeque Nation 147th outlet in India and 154th Internationally.
What Food Company Offers?
Through their Barbeque Nation Restaurants, they pioneered ‘over the table barbeque’ concept in Indian restaurants according to the Technopak Report.
Under live grills that are embedded in dining tables allow the guests to grill their own barbecues. The company believes their Barbeque Nation Restaurants, compared to other fixed-price dining options, offer competitive attractions such as a wide range of vegetarian and non-vegetarian appetizers and main courses, a popular dessert menu, a pleasant and casual dining environment, and prompt service.
They also periodically run popular food festivals at Barbeque Nation Restaurants offering guests a range of Indian, International, and Fusion cuisines.
They are one of the few Indian companies in the organized Casual Dining Restaurant (“CDR”) segment to have the own in-house chef training school for the development of new products.
Collaboration with the American Hamburger Food Chain:
They have recently diversified into a second brand, becoming the India franchisee of the American hamburger chain, Johnny Rockets. As of June 30, 2017, they had five Johnny Rockets Restaurants in operation (they are currently in the process of relocating one of their Johnny Rockets Restaurants) and an additional one Johnny Rockets Restaurant was under construction. They intend to scale up their Johnny Rockets Restaurants, currently located in Bengaluru, Delhi, and Gurugram, to other Metro cities and Tier-I cities as well.
Awards and Recognitions:
They were ranked among the top 50 companies to work for in India across all categories by Economic Times “Great Places to Work” survey for 2016 and 2017 by Great Places to Work Institute in collaboration with the Retailers Association of India. They were also voted among the top ten employers within the Indian retail industry for 2017.
Objects of the Barbeque Nation IPO:
Barbeque Nation IPO Details:
|Open Date:||Mar 24 2021|
|Close Date:||Mar 26 2021|
|Face Value:||₹ 5 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||453 Cr.|
|Lot Size:||30 Shares|
|Issue Price:||₹ 498-500 Per Equity Share|
|Listing Date:||Apr 06 2021|
Promoters And Management:
Financials of Barbeque Nation IPO: