Barbeque Nation Hospitality Limited which had tapped the capital markets with its fresh issue of Rs 180 crs and an offer for sale of 54.57 lac shares was subscribed 5.97 times. QIB portion was subscribed 5.11 times, HNI portion was subscribed 3.10 times, Retail portion was subscribed 13.13 times and Employee quota saw no subscriptions. There were 2.98 la applications and on basis of lots the retail issue was subscribed 9.94 times.
Earlier the company had completed allocation to anchor investors. The price band is Rs 498-500. The company allotted 40,57,861 equity shares to 15 anchor investors comprising of 21 entities.
Each investor was given 2,70,510 equity shares or 6.67% of the anchor allocation. The anchor investors consisted of 7 foreign portfolio investors, 5 mutual funds, 2 Alternative investment Funds and 1 Life insurance company.
The issue was open from Wednesday the 24th of March and closed on Friday the 26th of March.
Full details of subscription are given below: –
Barbeque Nation Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 2705242 | 13827030 | 5.11 |
HNI | 1352620 | 4192440 | 3.10 |
Retail | 901747 | 11841420 | 13.13 |
Employee | 40000 | 0 | 0.00 |
Total | 4999609 | 29860890 | 5.97 |