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.
Barbeque-Nation makes tepid debut business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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BARBEQUE NATION IPO Listing On April 7
Barbeque Nation IPO listing: The IPO of Barbeque Nation Hospitality will be listed on the NSE and BSE on April 7 (Wednesday). Barbeque Nation finalised the allotment of IPO last week. The grey market premium of the unlisted shares has plunged sharply, signaling weak listing. This will be the first IPO listing in the financial year 2021-22.Â
Barbeque Nation is a popular casual dining chain. Its IPO was subscribed 5.98 times. As per NSE data, the Rs 453-crore issue received bids for 2,99,01,510 shares against 49,99,609 shares on offer. While the category for qualified institutional buyers (QIBs) was subscribed 5.11 times, non-institutional investors 3.10 times, and retail individual investors (RIIs) 13.13 times.
Barbeque Nation IPO share allotment: Here s how to check status online businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
India Business News: NEW DELHI: The initial public offering (IPO) share allocation of the casual dining chain Barbeque Nation Hospitality will be finalised on Thursday, Ap.