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 |
| Total Shares: | 90,60,000 |
| 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 At: | NSE,BSE |
| Listing Date: | Apr 06 2021 |
Promoters And Management:
Financials of Barbeque Nation IPO:
| Year | Revenue | EBITDA | Finance Cost | PAT | OPM | NPM | EPS |
| 2015 | 304 | 47 | 8 | 13 | 16% | 4% | 5.07 |
| 2016 | 403 | 48 | 9 | 5 | 12% | 1% | 2.21 |
| 2017 | 503 | 66 | 14 | 10 | 13% | 2% | 3.8 |
| 2018 | 509 | 82 | 18 | 14 | 16% | 2.9% | 5.49 |
| 2019 | 742 | 149 | 56 | -21 | 20% | -2.8% | -7.5 |
| 2020 | 850 | 168 | 75 | -33 | 19% | -3.85 | -12 |
| 9MFY21 | 237 | 13 | 59 | -99 | 5% | -41.77 | -36 |
Comparison With Peers:
Recommendation on Barbeque Nation IPO:
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Discussion on Barbeque Nation IPO:
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If you want to open a Barbeque Nation franchise in India than you need to follow some easy steps to get it. Visit our official franchise/channel development website a https://barbequenationindia.in/ A location in which minimum 100000 population containing with high purchasing capacity. Minimum radius of 2.5 Km of the other franchise unit. Go to apply section and fill the requirements very carefully. If we will have vacancy in your applied area than our executive will contact you. You will get a application form that you need to filled up and send us.
Listing of Barbeque Nation Hospitality Limited on 07 Apr, 2021
Symbol: BARBEQUE
Series: Equity “EQ”
BSE Code: 543283
ISIN: INE382M01027
Face Value: Rs 10/-
Issue Price for the issue: Rs 500/- per share
Should we hold or exit upper circuit
GMP???
Barbeque Nation launched its IPO yesterday. As one of the leading Casual Dining Restaurants in India, the chain has over 147 outlets in 77 cities domestically and six outlets internationally.
Although business was booming for the company from 2006 to 2013, large operational costs, the capital-intensive nature of business and the pandemic have acted as major downers for this famous restaurant chain that introduced the novelty offering of “over the table barbecue” for Indian customers a decade ago.
Hello sir
I have a doubt regarding ZOMATO IPO . If I own 1 share of INFOEDGE( NAUKRI) can I apply for the IPO under parent company sharwholder category
Apply or not?
Market is falling like nine-pins again. Many cities in MH are looking for an option of lockdown. Nervous time ahead.
*Block the Dates for IPO Events:*
– *Anupam*: Listing 24 March
– *Laxmi* : Allotment 23, Listing 25 March
– *Craftaman*: Allotmnt 23, Listing 25 March
– *Kalyan*: Allotmnt 24, Listing 26 March
– *Suryoday* : Allotmnt 24, Listing 30 March
– *Nazara* : Allotmnt 25 Mar, Listing 30 March
– *BBQ* : IPO launch24-26 March
what will be gmp ? and what will be expected price after 1 yr?
Alchemy India, the investment firm run by Rakesh Jhunjhunwala has invested in Barbeque Nation in March 2018 at Rs.832 per share. That was the time when Barbeque Nation was a hot business. We hope once covid-19 effect subdues, we will again see valuation soaring.
Total investment was ~50 Crores.
Valuation of Barbeque Nation:
1. Shares before IPO = 3,39,42,920
2. Fresh Issue = 3600000
3. Total Shares = 3,75,42,920
4. IPO Price = 500
5. Mcap = 1877 Crores
6. Revenue = 850 Crores (FY20)
7. Mcap/Revenue = 2.1x.
The business of the company was growing at excellent rate till 2020, when covid-19 hit the restaurant industries. The revenue which was just 350 crores in FY15 reached to 850 Crores in FY20, shows the kind of growth company has made. The continuous expansion of hotels has put pressure on bottom-line. Once the capex on hotels will start delivering results, it will give very good returns.
The IPO is backed by Rakesh Jhunjhunwala. And recently, Jubiliant food has acquired shares at Rs. 252 per share. This gives lot of confidence in the company which was otherwise struggling due to covid-19.