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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 Hospitality listing: Here’s what to expect
Barbeque Nation Hospitality listing: Here’s what to expect
Most analysts have also confirmed that they are expecting a weak stock market listing for Barbeque Nation Hospitality on Wednesday. Here is all you need to know:
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UPDATED: April 6, 2021 14:28 IST
The grey market premium on unlisted shares Barbeque Nation Hospitality has plunged sharply. (Photo: Twitter/@BarbequeNation)
The investors who have subscribed to Barbeque Nation Hospitality’s initial public offering (IPO) may be left disappointed when it lists on the stock market on Wednesday.
The grey market premium on unlisted shares of the casual dining restaurant chain has plunged sharply due to ongoing uncertainties and increased market volatility.