Updated Mar 03, 2021 | 13:36 IST
The IPO market is burgeoning with offers owing to cheap liquidity, right market conditions. Most public offers issued in the first two months of 2021 got oversubscribed multiple times and gave listing gains It s raining IPOs: 10 public issues likely to hit market in March | Photo Credit: Thinkstock
Riding on wave of bull market at least 1o companies have lined up their initial public offers (IPOs) in the month of March.
Among those looking to cash in the exuberance of secondary market include MTAR Technologies, Kalyan Jewellers India, Power Grid Corporation InvIT, Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance and India Pesticides, among others.
Upcoming IPOs in March 2021 in India: Kalyan Jewellers, Easy Trip Planners, MTAR Tech and more
Upcoming IPOs in March 2021: MTAR Technologies, Easy Trip Planners, Puranik Builders, Apeejay Surrendra Park Hotels, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, ESAF Small Finance Bank and Kalyan Jewellers India
Chitranjan Kumar | March 2, 2021 | Updated 13:24 IST
Upcoming IPOs in March 2021: Kalyan Jewellers, Easy Trip Planners, Aadhar Housing Finance, Apeejay Surrendra Park Hotels, Suryoday Small Finance Bank and more
With a long list of upcoming initial public offers (IPOs) in the pipeline this year, investors may look forward to an action-packed year. As many as 16 IPOs are likely to hit the market in March itself to raise over Rs 25,000 crore.
Jubilant Foodworks Limited completes acquisition of 10.76% stake in Barbeque-Nation Hospitality Ltd
Posted On: 2021-01-26 04:32:23 (Time Zone: Arizona, USA)
Jubilant Foodworks Limited had earlier announced regarding acquisition of 10.76% stake in Barbeque-Nation Hospitality Limited. The aforesaid acquisition has been completed effective January 25, 2021.
Shares of Jubilant FoodWorks Ltd was last trading in BSE at Rs.2710 as compared to the previous close of Rs. 2746.65. The total number of shares traded during the day was 91267 in over 5394 trades.
The stock hit an intraday high of Rs. 2789 and intraday low of 2680.5. The net turnover during the day was Rs. 250363675.
Source:
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Jubilant FoodWorks rose 3.35% to Rs 2771.65 after the fast-food chain operator announced an investment of Rs 92 crore into Barbeque-Nation Hospitality for an equity stake of 10.76%.
Barbeque-Nation Hospitality operates Barbeque Nation (BBQ) an Indian cuisine, casual dining brand which introduced the concept of live grilling of Kebabs to the Indian market. It owns and operates 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants (as of 30 November 2019). It also has a presence in the Italian cuisine segment under the brand, Toscano.
Barbeque-Nation Hospitality had a consolidated turnover of Rs 742.5 crore in FY 2018-19.
Commenting on the development, Shyam S. Bhartia, chairman and Hari S. Bhartia, co-chairman, of Jubilant Foodworks said, We are happy to announce our investment in Barbeque Nation - a differentiated, casual dining restaurant brand of scale with strong unit economics. We are confident that the proposed investment will