Barbeque-Nation Hospitality IPO
Barbeque-Nation Hospitality Limited (BARBEQUE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 07 April 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.8% (likely range -14% to +26%), day's high +5.4%, chance of a gain 49%. Actual: -2.0% at the open, +17.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 27,05,242 | 1,38,27,030 | 5.11x | |
| NII (HNI) total | 13,52,620 | 41,92,440 | 3.10x | |
| Retail | 9,01,747 | 1,18,41,420 | 13.1x | |
| Employees | 40,000 | 40,620 | 1.02x | |
| Total | 49,99,609 | 2,99,01,510 | 5.98x |
Bids on NSE and BSE together, as published by NSE, as of 26 Mar 2021, 05:00 PM. Shares offered exclude the anchor portion. 31% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Barbeque-Nation Hospitality's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Security and Intelligence Services (India)Aug 2017 | 5.64x | 1.66x | 19.5x | 7.07x | ₹789 Cr | +8.0% | +8.0% |
| Ircon InternationalSep 2018 | 12.3x | 4.92x | 10.1x | 9.90x | ₹806 Cr | -13.3% | -2.1% |
| Craftsman AutomationMar 2021 | 5.21x | 2.84x | 3.43x | 3.81x | ₹824 Cr | -8.8% | 0.0% |
| Apex Frozen FoodsAug 2017 | 1.91x | 7.82x | 8.53x | 6.14x | ₹152 Cr | +15.4% | +21.2% |
| Mahindra LogisticsNov 2017 | 15.6x | 2.07x | 6.10x | 7.90x | ₹829 Cr | 0.0% | +1.1% |
| Matrimony.comSep 2017 | 1.88x | 0.41x | 18.2x | 4.44x | ₹503 Cr | 0.0% | +4.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Securities | 94 | +19.3% | 71% |
| Ambit Capital | 13 | +24.3% | 69% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Barbeque-Nation Hospitality IPO price band and lot size? ₹498–500 per share, with a lot of 30 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 5.98x overall: QIB 5.11x, NII 3.10x, retail 13.1x, employees 1.02x.
How did it list? It opened at ₹490, -2.0% against the issue price of ₹500, and closed its first day +17.6%.
