Barbeque Nation Hospitality, a casual dining restaurant chain, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,000-1,200 crore through an Initial Public Offering (IPO).
The funds will be utilised to repay an outstanding borrowing of Rs 205 crore in part or full and for general corporate purposes. The book running lead managers to the issue are IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets.
Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, currently operating at 138 outlets across India and 7 outlets in the UAE, Oman and Malaysia.
Company Name | CMP |
---|---|
Westlife Development | 875.00 |
Restau. Brands Asia | 101.45 |
Barbeque-Nation Hosp | 552.50 |
Coffee Day Enter. | 63.10 |
Speciality Restauran | 193.05 |
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