Barbeque-Nation Hospitality hit an upper circuit of 20% to Rs 708.45 after UTI Mutual Fund purchased 0.67% stake in the company via bulk deal on NSE yesterday.As per the bulk deal data on the NSE, UTI Flexi Cap Mutual Fund purchased 2,50,924 shares, or 0.67% stake in Barbeque-Nation Hospitality at an average price of Rs 579.62 per share.
Simulteneously, Integrated Core Strategies Asia sold 4,01,815 shares, 1.07% stake in the company at an average price of Rs 545.15 per share. Integrated Core Strategies Asia held 1.89% in the fast-food chain as on 5 April 2021.
Barbeque-Nation Hospitality was listed on the bourses on Wednesday (7 April 2021). The stock was listed at Rs 492, a discount of 1.60% to the IPO price of Rs 500. The IPO of Barbeque-Nation Hospitality was subscribed 5.98 times. The issue opened for bidding on 24 March 2021 and closed on 26 March 2021. The price band for the IPO was set at Rs 498-500 per share.
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