Jhunjhunwala-invested Barbecue Nation’s IPO lists investors with losses, 2% discount

    मार्च 2020 तक सूर्योदय स्मॉल फाइनेंस बैंक का लोन पोर्टफोलियो 3,711 करोड़ रुपए का था.
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    The IPO of Barbecue Nation Restaurant Company, invested by veteran investor Rakesh Jhunjhunwala, opened on March 24 and closed on March 26.

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    The IPO of Barbeque Nation is listed at Rs 492 on the BSE and 489 per share on the NSE.

    new Delhi. Another inventory was listed on Wednesday amid the IPO increase within the inventory market. Barbeque Nation shares have been listed at a discount of about 2% on the NSE at Rs 489 per share. While on the BSE, these shares are listed at a value of 492 per share.
    The IPO of Barbecue Nation Restaurant Company, invested by veteran investor Rakesh Jhunjhunwala, opened on March 24 and closed on March 26. Jhunjhunwala has invested in it by his funding agency Alchemy Capital. The concern value of Barbecue Nation’s IPO was fastened at Rs 500. Significantly, Barbecue Nation is an off-the-cuff eating chain.
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    Barbecue Nation’s IPO was subscribed 5.98 occasionsThe IPO of Barbecue Nation was subscribed 5.98 occasions. While retail investors’ share within the firm was subscribed 13.13 occasions. While the qualification Institutional Buyers (QIB) subscription was subscribed 5.11 occasions. Whereas for non-institutional investors, the bid was 3.1 occasions within the reserve parts. The firm had reserved inventory reserves of two crore rupees for its workers. This share was subscribed 1.02 occasions.
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    The firm raised 453 crore rupees from its concern

    According to NSE information, 2,99,01,510 bids had been made towards 49,99,609 shares. The firm has raised Rs 453 crore from its concern. The firm will use the funds raised from the contemporary concern to repay the mortgage and increase the restoration. While the promoters have obtained the cash for the provide on the market. The firm opened its first Barbeque Nation restaurant in 2008. The firm has up to now opened 147 eating places in 77 cities throughout the nation. As of December 2020, there have been 6 shops in three international locations.

    What is an IPO
    Initial public provide or Initial Public Offer (IPO), is a time period that investors have to grasp earlier than investing within the inventory market. For firms which have achieved a specific amount of success of their years of operation, launching an IPO and changing into a public restricted firm are sometimes the perfect methods to increase and increase their operations. By providing shares, they can elevate capital that they didn’t have at the moment. Apart from bringing in additional liquidity, it permits them to repay the mortgage and even enhance public notion in regards to the firm.

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