Barbeque Nation share on a roll, rallies 47% from listing day s low
Barbeque Nation share defied market volatility and ended 19.99% or Rs 118.05 higher at Rs 708.45 on BSE today.
BusinessToday.In | April 8, 2021 | Updated 16:43 IST
Barbeque Nation share made a weak debut with 1.6% discount at Rs 492 on April 7.The IPO was held in the price band of Rs 498-500 per share.
Barbeque Nation Hospitality share closed 20% higher today, clocking 42% gains for investors from issue price. The share of restaurant and dining chain defied market volatility and ended 19.99% or Rs 118.05 higher at Rs 708.45 on BSE today.
Market cap of the firm rose to Rs 2,659.73 crore . Total 6.43 lakh shares changed hands amounting to turnover of Rs 45.32 crore on BSE. On NSE too, the share ended 20% higher at Rs 705.35. The share made a weak debut with 1.6% discount at Rs 492 on April 7.
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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Barbeque Nation share springs a surprise, zooms 20% post weak listing
Barbeque Nation share listed at Rs 489.85 on NSE, a 2.03 per cent discount against issue price of Rs 500
BusinessToday.In | April 7, 2021 | Updated 11:13 IST
Barbeque Nation stock surged 20% to Rs 587.80 on NSE. Total 53.14 lakh shares of the firm changed hands on NSE.
Share of Barbeque Nation Hospitality surged 20% after listing at a discount of 2% today. Barbeque Nation share listed at Rs 489.85 on NSE, a 2.03 per cent discount against issue price of Rs 500. The price band of the IPO was fixed at Rs 498-500 per share. Later, the stock surged 20% to Rs 587.80 on NSE. Total 53.14 lakh shares of the firm changed hands on NSE.
NEW DELHI: Barbeque Nation Hospitality saw a weak listing on Wednesday, as the shares got listed at Rs 489.85 on NSE, a 2.03 per cent discount to its issue price of Rs 500. On BSE, the stock opened at Rs 492, down 1.6 per cent. The listing ceremony took place at NSE at 9:15 am earlier in the day.
Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, casual dining restaurant chains and International Barbeque Nation Restaurants. It also owns and operates Toscano Restaurants and You and Barbeque.
The recent market volatility had hit the grey market premium (GMP) of Barbeque Nation shares. Dealers active in the grey market, or the unofficial market for trading in unlisted shares, said the premium on the stock has fallen to Rs 10-12 from Rs 40 just a week back. That means the shares were trading in the Rs 510-512 range.