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<ul><li>The company is likely to announce its share allotment status on April 1.</li><li>The initial public offering (IPO) from casual dining chain Barbeque Nation⁠ was subscribed by almost six times.</li><li>The company has an offer for sale up to 5.45 million shares.</li></ul>Barbeque Nation’s IPO⁠, which was subscribed by almost six times, will announce its share allotment status on April 1, while the shares will list on April 7. Barbeque Nation in a pre-IPO round had raised ₹150 crore from Xponentia Capital, founded by private equity veteran Ajay Relan, and Jubilant Foodworks, the parent company of Domino’s Pizza in India. It is also backed by CX Capital, a PE firm, and Alchemy Capital, the investment firm headed by ace stock market expert Rakesh Jhunjhunwala. “We are raising ₹180 crore, of which ₹75 crore will go in repayment of debt, ₹55 crore will go for expansion, and the balance will be for general corporate expenses,” chief executive officer Rahul Agrawal of Barbeque Nation had told <a href="https://www.businessinsider.in/stock-market/news/barbeque-nation-ipo-to-raise-180-crore-by-selling-54-5-lakh-shares/articleshow/81626158.cms">Business Insider in an interview.</a> The initial public offering (IPO) from the casual dining chain was open for subscription between March 24 and 26. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription Status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.11 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.10 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail individual </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.12 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.02 times </td></tr></tbody></table> Barbeque Nation’s popularity comes with its eat all you want buffet offering, which has been a hit with families and youngsters alike. As Barbeque Nation opens its doors to the public markets, there’s also the fear of another nationwide lockdown, while several cities are already subject to lockdown or night curfew. But Agrawal said that while there may be a short term disruption in business, their long term vision to grow in the Indian restaurant industry remains intact. “This will be the nature of the business going forward for at least a couple of quarters – different states will have different restrictions. In the short term, you would see business disruption. We believe that we have already gone through a strict lockdown in the past, and survived it and that will help us sail through this,” he said. Here’s how you can check the share allotment status <ul><li>To check on the stock-exchange website:</li><li>To check <keyword id="11020386" type="UNKNOWN" weightage="20" keywordseo="barbeque-nation-ipo-allotment-status">Barbeque Nation IPO allotment status</keyword>, go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Barbeque Nation Hospitality'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on 'Barbeque Nation Hospitality'. It will only appear post allotment on March 24.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

Steps to check Barbeque Nation IPO allotment status online

<ul><li>The company is likely to announce its share allotment status on April 1.</li><li>The initial public offering (IPO) from casual dining chain Barbeque Nation⁠ was subscribed by almost six times.</li><li>The company has an offer for sale up to 5.45 million shares.</li></ul>The initial public offering (IPO) from casual dining chain Barbeque Nation⁠, which was open for subscription between March 24 and 26, was subscribed by almost six times. The company is likely to announce its share allotment status on April 1, while the shares will list on April 7. The company, which operates the Indian restaurant chain Barbeque Nation and Italian chain Toscano, is looking to raise ₹180 crore from fresh issue of shares and an offer for sale up to 5.45 million shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription Status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.11 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.10 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail individual </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.12 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.02 times </td></tr></tbody></table> Barbeque Nation’s popularity comes with its eat all you want buffet offering, which has been a hit with families and youngsters alike. However, Barbeque Nation’s IPO comes at a time when the restaurant industry, which was just managing to recover from the shutdown during the COVID-19 pandemic, faces another challenge with the rising number of coronavirus cases in India and fear of another lockdown looms large. Here’s how you can check the share allotment status <ul><li>To check on the stock-exchange website:</li><li>To check <keyword id="11020386" type="UNKNOWN" weightage="20" keywordseo="barbeque-nation-ipo-allotment-status">Barbeque Nation IPO allotment status</keyword>, go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Barbeque Nation Hospitality'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on 'Barbeque Nation Hospitality'. It will only appear post allotment on March 24.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

Barbeque Nation IPO – How to check allotment status, listing date and more

<ul><li>Barbeque Nation is looking to raise ₹180 crore from fresh issue of shares and an offer for sale up to 54.5 lakh shares.</li><li>The basis of allotment for the IPO will be announced on April 1, 2021 while its shares will list by April 7, 2021.</li><li>The company has grown from a single outlet in 2008 to over 160 restaurants across 77 cities in India and six international restaurants.</li></ul>The initial public offering (IPO) from casual dining chain Barbeque Nation⁠ — popular for its generous buffets ⁠— has been subscribed by 5.98 times by close. The issue has been a bigger hit with the small investors more than the institutional ones. The company, which operates the Indian restaurant chain Barbeque Nation and Italian chain Toscano, is looking to raise ₹180 crore from fresh issue of shares and an offer for sale up to 5.45 million shares. The allotment for the IPO will be announced on April 1 while its shares will list on the stock exchanges by April 7, 2021. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription Status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.11 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.10 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail individual </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.12 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.02 times </td></tr></tbody></table> Barbeque Nation is not a new name in the industry. From presence in top metros to smaller cities, the restaurant chain is quite popular across the country. The company has grown from a single outlet in 2008 to over 160 restaurants across 77 cities in India and six international restaurants. However, while Barbeque Nation’s revenue has grown consistently, over the years, its mounting losses are also a cause of concern. <div type="image" title="BBN Losses (1)" msid="81707824" hostid="261"></div> Not surprisingly, Barbeque Nation’s IPO hadn’t impressed a lot of analysts. “The Covid-19 pandemic, too, has had an adverse impact on the operations of the company. Hence, we expect profits will remain under pressure over the medium term,” said Jyoti Roy, DVP- Equity Strategist, Angel Broking who gave a ‘neutral’ rating for the IPO. Roy’s rationale is that at the higher end of the price band, the shares are expensive compared to the company’s future earnings potential. SEE ALSO: <a href="https://www.businessinsider.in/policy/news/government-mandates-companies-to-disclose-cryptocurrency-holdings-from-april-1/articleshow/81704174.cms">Indian companies will have to disclose cryptocurrency holdings from April 1 – industry insiders welcome decision</a>

Indian dining chain Barbeque Nation’s IPO gets subscribed almost 6 times

<ul><li>Barbeque Nation is looking to raise ₹180 crore from the public markets by selling 54.5 lakh shares.</li><li>As of November 2020, the company’s net debt was ₹148 crore.</li><li>In an interview with Business Insider ahead of the IPO, the company’s chief executive officer Rahul Agrawal shares how Barbeque Nation survived the COVID-19 pandemic, its new delivery business and their growth plans.</li></ul>Indian casual dining chain Barbeque Nation Hospitality has finally made its way to the public markets, after a failed attempt at it over three years ago. The company, which operates the Indian restaurant chain Barbeque Nation and Italian chain Toscano, is looking to raise ₹180 crore from fresh issue of shares and an offer for sale up to 54.5 lakh shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue opens </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 24 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue closes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 26 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹498-500 per share </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market lot </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 shares </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum order value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,000 </td></tr></tbody></table> In an interview with Business Insider ahead of the IPO, the company’s chief executive officer Rahul Agrawal shares how Barbeque Nation survived the COVID-19 pandemic, its new delivery business and their growth plans. Agrawal said that they have been ‘unlucky with the way they filed the IPO’. “We filed our papers in February 2020, and COVID-19 happened right after that,” he said. The company, which had initially got an approval to raise ₹1100 crore, has now cut it short drastically to ₹180 crore. The company hopes to raise ₹453 crore at the upper end of the price band. “Later on, some investors weren’t keen to exit, that's why the IPO size got reduced. We also raised a pre-IPO round that’s how the primary component came down,” said Agrawal. Barbeque Nation in a pre-IPO round raised ₹150 crore from Xponentia Capital, founded by private equity veteran Ajay Relan, and Jubilant Foodworks, the parent company of Domino’s Pizza in India. It is also backed by CX Capital, a PE firm, and Alchemy Capital, the investment firm headed by ace stock market expert Rakesh Jhunjhunwala. “We are raising ₹180 crore, of which ₹75 crore will go in repayment of debt, ₹55 crore will go for expansion, and the balance will be for general corporate expenses,” he said. As of November 2020, the company’s net debt was ₹148 crore. <cmsannotation type="cmsannotation" annotationid="Surviving COVID-19" comment="subhead" text="Surviving COVID-19">Surviving COVID-19</cmsannotation> With the COVID-19 pandemic and the subsequent nationwide lockdown, Barbeque Nation saw its business being completely shut in April and May, last year. “Frankly, lockdown was extremely challenging. We have over 160 outlets, 8000 people, the business had some debt, which still hasn’t been repaid. I don't think anything could have gone worse,” said Agrawal. But the team was swift to jump into precautionary measures. “We were very transparent to all our stakeholders – from employees to guests. The team also went ahead and started asking for rebates, renegotiating contracts etc.,” he said. During the pandemic, Barbeque Nation managed to save 98% of its outlets. “Once the lockdown happened, we went back to our landlord partners and asked them for assistance in terms of rental waivers given the fact that it was no business time. We are happy to say that we were able to save 98% of our stores. Unfortunately, three outlets, which were at high rental places, two in Mumbai and one in Delhi had to shut down,” Kushal Budhia, head of strategy and investor relations of Barbeque Nation told Business Insider. While in April and May there was barely any business, eventually, the growth started from June and by November, their business was at 84% of last year’s November numbers. <div type="image" title="BBN new" msid="81626190" hostid="261"></div> <cmsannotation type="cmsannotation" annotationid="Diving into a new business category" comment="subhead" text="Diving into a new business category">Diving into a new business category</cmsannotation> As COVID-19 pandemic made the transition to online inevitable for all companies, Barbeque Nation, which is famous for its dine-in business, jumped into the online delivery model. The company launched a new concept of ‘Barbeque in a box’ for delivery. “The delivery business has seen good response and is growing – it does digital numbers as a proportion of revenue,” said Agrawal. “Barbeque Nation stands for value for money, service and experience. The last two components you can’t replicate in a delivery business. We thought of it differently – the largest market size is for Indian cuisine. Our thesis is very simple: the market is there, delivery is going higher. We said that don’t confuse us with giving the same experience of Barbeque Nation at home. Instead, they have been ordering Indian food, so we carried forward our value and variety concept,” he said. <cmsannotation type="cmsannotation" annotationid="Ready for troubled times ahead" comment="subhead" text="Ready for troubled times ahead">Ready for troubled times ahead</cmsannotation> As Barbeque Nation opens its doors to the public markets, there’s also the fear of another nationwide lockdown, while several cities are already subject to lockdown or night curfew. But Agrawal said that while there may be a short term disruption in business, their long term vision to grow in the Indian restaurant industry remains intact. “This will be the nature of the business going forward for at least a couple of quarters – different states will have different restrictions. In the short term, you would see business disruption. We believe that we have already gone through a strict lockdown in the past, and survived it and that will help us sail through this,” he said. As things stabilise, the company also plans to get back to its expansion plans, having gone from 80 restaurants in FY17 to over 160 restaurants now. “We will also focus majorly on the new delivery vertical,” said Agrawal. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">Laxmi Organic IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-craftsman-automation-ipo-allotment-status/articleshow/81625011.cms">Craftsman Automation IPO allotment live – how to check allotment, listing date and more</a>

With an IPO on its plate, Barbeque Nation hopes to clear off some of its debt and double down on not just dining but its new delivery business

<ul><li>Indian casual dining chain <keyword id="361005" type="PERSON" weightage="20" keywordseo="Barbeque-Nation">Barbeque Nation</keyword> Hospitality’s initial public offering (<keyword id="6354763" type="UNKNOWN" weightage="20" keywordseo="ipo">IPO</keyword>) issue starts today (March 24).</li><li>The company, which operates the Indian restaurant chain Barbeque Nation and Italian chain Toscano, is looking to raise ₹180 crore from fresh issue of shares.</li><li>Analysts are betting on the company’s growth over the years, its presence across India and its dominance in the Indian cuisine hospitality market.</li></ul>Indian casual dining chain Barbeque Nation Hospitality’s initial public offering (IPO) starts today (March 24). Barbeque Nation’s IPO follows the successful public market offerings of companies in the food sector in India – Burger King and Mrs Bector’s. The company, which operates the Indian restaurant chain Barbeque Nation and Italian chain Toscano, is looking to raise ₹180 crore from fresh issue of shares and an offer for sale up to 54.5 lakh shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue opens </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 24 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue closes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 26 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹498-500 per share </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market lot </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 shares </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum order value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,000 </td></tr></tbody></table> And analysts are betting on the company’s growth over the years, its presence across India and its dominance in the Indian cuisine hospitality market. <cmsannotation type="cmsannotation" annotationid="A name to reckon with" comment="subhead" text="A name to reckon with">A name to reckon with</cmsannotation> Barbeque Nation is not a new name in the industry. From presence in top metros to smaller cities, the restaurant chain is quite popular across the country. The company has grown from a single outlet in 2008 to over 160 restaurants across 77 cities in India and six international restaurants. “One of the main contributors to the brand affinity of Barbeque Nation Restaurants has been referrals and recommendations by its customers, which has enabled it to retain a strong market position whilst steadily expanding across India in a fragmented and highly competitive industry,” said a report by HDFC Securities. But Barbeque Nation is a pioneer in the buffet concept which remains a hit among the crowds. “Their fixed price ‘all you can eat’ concept at their Barbeque Nation Restaurants offers their customers a varying spread of consistently delicious food at a value-oriented price in a pleasant and casual dining environment,” said a report by Axis Capital. <cmsannotation type="cmsannotation" annotationid="Adapted to COVID-19 quickly" comment="subhead" text="Adapted to COVID-19 quickly">Adapted to COVID-19 quickly</cmsannotation> With the COVID-19 pandemic and the subsequent nationwide lockdown, Barbeque Nation saw its business being completely shut in April and May, last year. But, the company innovated to bring about a new delivery offering – Barbeque in a Box and launched it in June 2020. In an interview with Business Insider, Rahul Agrawal, chief executive officer of Barbeque Nation, had said that the delivery business is already contributing in double digits to its total revenue. According to the HDFC Securities report, as of December 31, 2020, the average rating of Barbeque Nation Restaurants on an online food aggregator was 4.38 out of 5.00. <cmsannotation type="cmsannotation" annotationid="Proven track record but losses are worrying" comment="subhead" text="Proven track record but losses are worrying">Proven track record but losses are worrying</cmsannotation> Barbeque Nation’s revenue has grown consistently over the years, but its mounting losses are also a cause of concern. <div type="image" title="BBN Losses (1)" msid="81662676" hostid="261"></div> While in April and May (of 2020) there was barely any business, eventually, the company claims that the growth started from June and by November (of 2020), their business was at 84% of 2019’s November numbers. Barbeque Nation in a pre-IPO round raised ₹150 crore from Xponentia Capital, founded by private equity veteran Ajay Relan, and Jubilant Foodworks, the parent company of Domino’s Pizza in India. It is also backed by CX Capital, a PE firm, and Alchemy Capital, the investment firm headed by ace stock market expert Rakesh Jhunjhunwala. <cmsannotation type="cmsannotation" annotationid="Expansion will help" comment="subhead" text="Expansion will help">Expansion will help</cmsannotation> As things stabilise, the company also plans to get back to its expansion plans, having more than doubled from 80 restaurants in FY17 to over 160 restaurants now. “We will also focus majorly on the new delivery vertical,” Agrawal had told Business Insider. “Increasing their penetration in existing cities with a greater number of restaurants will enable them to access new catchment areas within these cities and optimise their infrastructure usage,” said the Axis Capital report. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-nazara-technologies-ipo-allotment-status-online/articleshow/81650995.cms">Nazara Technologies IPO – Here’s how you can check the share allotment status</a> <a href="https://www.businessinsider.in/stock-market/news/barbeque-nation-ipo-to-raise-180-crore-by-selling-54-5-lakh-shares/articleshow/81626158.cms">With an IPO on its plate, Barbeque Nation hopes to clear off some of its debt and double down on not just dining but its new delivery business</a>

Barbeque Nation IPO opens today – the company will be counting on its popularity and presence in India

<ul><li>Nuvoco Vistas will announce the share allotment on Tuesday, August 17, after successfully closing its public issue last week.</li><li>The company is looking forward to raising ₹5000 crore through its initial public offering (IPO).</li><li>The IPO of Nuvoco received bids for ₹1.82 crore shares against ₹6.25 crore shares, according to the data from the stock exchanges.</li></ul>The Nirma Group company will announce the share allotment on Tuesday, August 17, after successfully closing its public issue last week. Nuvoco will start the refund process on August 18 and equity shares will be credited to the respective demat accounts on August 20. Shares of the cement company will likely start trading on both BSE and National Stock Exchange (NSE) from August 23. Nuvoco Vistas Limited, one of the leading domestic players and largest cement company in east India is looking forward to raising ₹5000 crore through its initial public offering (IPO). The IPO of Nuvoco received bids for ₹1.82 crore shares against ₹6.25 crore shares, according to the data from the stock exchanges. The price band for IPO was fixed at ₹560-₹570 per share. Bidders can check the allotment status on the BSE website and official registrar website Link Intime India. <cmsannotation type="cmsannotation" annotationid="How to check the allotment status on the BSE website?" comment="subhead" text="How to check the allotment status on the BSE website?">How to check the allotment status on the BSE website?</cmsannotation> <ol><li>Open and login at the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE</a> website on any smart device.</li><li>Under the ‘Status of Issue Application’ on the left side, select equity and name of the issue.</li><li>Then enter your IPO application number and PAN card details.</li><li>Click on ‘I’m not Robot’ and then on submit.</li><li>Your Nuvoco IPO allotment status will be displayed on your screen.</li></ol> <cmsannotation type="cmsannotation" annotationid="How to check allotment status on Link Intime India website?" comment="subhead" text="How to check allotment status on Link Intime India website?">How to check allotment status on Link Intime India website?</cmsannotation> <ol><li>Open the official registrar website <a href="https://linkintime.co.in/">Link Intime</a> on any smart device.</li><li>Under the Investor Centre, three options will be available, choose the first option i.e Public Issues.</li><li>Then, enter the IPO issue name and your PAN card details.</li><li>Click on the ‘Search’ option.</li><li>Your Nuvoco IPO allotment will become available on your screen.</li></ol>Please ensure that you enter your details correctly. It will show the number of shares you offered to subscribe and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cartrade-ipo-heres-how-to-check-allotment-date-and-status-listing-date-and-more/articleshow/85392307.cms">CarTrade IPO: Here’s how to check allotment status, listing date and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/quizzing-app-zupee-raises-30-million-valuation-jumps-to-half-a-billion-dollars/articleshow/85391715.cms">Quizzing app Zupee raises $30 million, valuation jumps to half-a-billion dollars</a>

Nuvoco Vistas IPO: Check allotment status, listing date and more

<ul><li>The company is likely to announce its allotment status on July 22 and shares will list on July 23 on exchanges NSE and BSE.</li><li><keyword id="9029084" type="UNKNOWN" weightage="20" keywordseo="zomato-IPO">Zomato IPO</keyword> was subscribed 40.38 times on the last day of the offer.</li><li>The food delivery business is intended to raise ₹9,375 crore with this IPO.</li></ul>Food delivery firm Zomato is likely to announce the allotment of its shares on July 22. Shares of the company may list on July 23 on BSE and National Stock Exchange (NSE). The IPO was open for subscription between July 14 and June 16. Zomato is intended to raise ₹9,375 crore via the IPO -- ₹9,000 crore as a fresh issue and ₹375 crore as a secondary issue by early investor InfoEdge. On the last day of bidding, the IPO was subscribed 40.38 times at 5 p.m. The portion reserved for retail investors was subscribed 7.87 times and that for qualified institutional investors was subscribed 54.71 times while the non-institutional investor category received a bid for 34.8 times. Here is <keyword id="11688032" type="UNKNOWN" weightage="20" keywordseo="how-to-check-zomato-ipo-allotment">how to check Zomato IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Zomato’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on Zomato’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a href="https://www.businessinsider.in/business/news/policybazaar-plans-to-raise-close-to-870-million-through-its-ipo-at-a-likely-valuation-of-3-5-billion/articleshow/84606274.cms">PolicyBazaar plans to raise ₹6,500 crore in its IPO </a> <a href="https://www.businessinsider.in/tech/news/how-to-find-out-if-your-phone-is-infected-by-the-pegasus-spyware/articleshow/84578193.cms">How to find out if your phone is infected by the Pegasus spyware </a>

Zomato IPO: How to check allotment status, listing date and more

<ul><li>The basis of allotment for the ₹2,500 crore IPO of Marcotech Developers is set to be announced tomorrow on April 16.</li><li>The IPO saw muted demand being subscribed to 1.36 times after the bidding process closed on April 9.</li><li>Marcotech Developers will make its stock market debut on April 19 and officially become a listed company.</li></ul>Before Macrotech Developers makes its debut on the Indian stock exchanges, it is set to announce who was able to get its shares — and who got left out — on April 16. Despite being one of India’s biggest real estate companies, the ₹2,500 crore offer saw muted demand. <keyword id="11101731" type="UNKNOWN" weightage="20" keywordseo="marcotech-developers-ipo">Marcotech Developers IPO</keyword> was subscribed to 1.36 times after the bidding process closed on April 9. <table style="border-width: initial; border-style: none;"></colgroup></colgroup></colgroup></colgroup></colgroup></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Macrotech Developers IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.05 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.44 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.40 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.36 times </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Marco Developers’ will be live on the Indian exchanges on April 22" comment="subhead" text="Marco Developers’ will be live on the Indian exchanges on April 22">Marco Developers’ will be live on the Indian exchanges on April 22</cmsannotation> This is Macrotech Developers’ third attempt to launch an IPO. The company had initially filed a draft red herring prospectus in September 2009 and then again in April 2018. But, during both instances, plans were shelved amid market turmoil. Now, it’s finally ready to hit the exchanges as an officially listed company on April 19, despite the risk posed by the spike in COVID-19 infections across the country and the globe. “The resurgence of the Covid-19 infection and discontinuation of stamp duty waiver on property registration would dent the sentiment in the near term,” said Choice Broking in its report. It recommends that those who do get the shares, should hold onto them for the long run. Majority of the funds raised from the IPO — to the tune of ₹1,500 crore — will be used to reduce Macrotech Developers’ outstanding debt. Around ₹375 crore will be used for land acquisition and land development. Anything that’s left over will go towards general corporate purposes. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/infosys-plans-to-hire-25000-freshers-over-the-next-12-months/articleshow/82068304.cms">Infosys plans to hire 25,000 freshers over the next 12 months — a 26% boost for campus hiring in India</a> <a href="https://www.businessinsider.in/politics/news/indias-largest-opposition-party-blames-national-media-for-its-lack-of-influence-but-its-new-youtube-channel-may-only-be-targeting-the-hindi-belt/articleshow/82069526.cms">India's largest opposition party blames national media for its lack of influence — but its new YouTube channel may only be targeting the Hindi belt</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapps-new-privacy-policy-doesnt-give-you-choice-and-could-limit-your-options-in-the-future-too/articleshow/82063830.cms">WhatsApp's new privacy policy doesn't give you choice — and could limit your options in the future too</a>

Macrotech Developers IPO — check share allotment date, listing date and more

The Centre on Thursday told the <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords" meta.keywordsubtype="org" meta.entityname="Supreme Court" meta.hostid="261" meta.entityid="Supreme Court">Supreme Court</keyword> that the decision to give <keyword id="21375140" type="General" weightage="20" keywordseo="grace-marks" source="keywords">grace marks</keyword> to 1,563 <keyword id="20055256" type="General" weightage="20" keywordseo="NEET-UG" source="keywords">NEET-UG</keyword>, 2024 candidates for admission to <keyword id="19968296" type="General" weightage="20" keywordseo="MBBS" source="keywords">MBBS</keyword>, <keyword id="20007002" type="General" weightage="20" keywordseo="BDS" source="keywords">BDS</keyword> and others courses has been cancelled and they will be given an option to take a re-test on June 23. A vacation bench of justices Vikram Nath and Sandeep Mehta was told by the counsel for the Centre and the <keyword id="19904021" type="General" weightage="20" keywordseo="National-Testing-Agency" source="keywords" meta.keywordsubtype="org" meta.entityname="National Testing Agency" meta.hostid="261" meta.entityid="National Testing Agency">National Testing Agency</keyword> (NTA) that the students, who were given grace marks, will be given an option to take the re-test. The court said it will not stay the counselling process for admissions. If the candidates, out of the 1,563, do not wish to take up the retest then their earlier marks, sans the grace marks, will be given for the purposes of the results. The results of the re-test will be declared on June 30 and the counselling for admission in the MBBS, BDS, other courses will start on July 6, the Centre said. Taking note of the submissions, the bench said all the pleas, including the one filed by Alakh Pandey, the chief executive of EdTech firm Physics Wallah over the issue of award of grace marks, will be taken up for hearing on July 8. They also include the petitions seeking cancellation of NEET-UG, 2024 on account of allegation of question paper leaks and other malpractices. The examination was held by the NTA on May 5 across 4,750 centres and around 24 lakh candidates took it. The results were expected to be declared on June 14 but were announced on June 4, apparently because the evaluation of the answer sheets got completed earlier. The allegations such as question paper leak and the grant of grace marks to over 1,500 medical aspirants have led to protests and filing of cases in seven high courts as also the Supreme Court. As many as 67 students scored a perfect 720, unprecedented in the NTA's history, with six from a centre in Haryana's Faridabad figuring in the list, raising suspicions about irregularities. Scores of students protested in Delhi on June 10 seeking a probe into alleged irregularities. It has been alleged that grace marks contributed to 67 students sharing the top rank. The NEET-UG examination is conducted by the NTA for admissions to MBBS, BDS, AYUSH and other related courses in government and private institutions across the country. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/ixigo-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110944526.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ixigo-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110944526.cms" target="_blank">Ixigo IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/webstories/xiaomi-14-civi-vs-oneplus-12r-which-affordable-flagship-should-you-buy/slidelist/110939370.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/xiaomi-14-civi-vs-oneplus-12r-which-affordable-flagship-should-you-buy/slidelist/110939370.cms" target="_blank">Xiaomi 14 CIVI vs OnePlus 12R – which affordable flagship should you buy?</a><a href="https://www.businessinsider.in/tech/news/elon-musk-hits-out-at-apples-partnership-with-openai-threatens-to-ban-apple-devices/articleshow/110902477.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/elon-musk-hits-out-at-apples-partnership-with-openai-threatens-to-ban-apple-devices/articleshow/110902477.cms" target="_blank">Elon Musk hits out at Apple’s partnership with OpenAI, threatens to ban Apple devices</a>

Row over NEET-UG: Grace marks given to 1,563 candidates withdrawn, Centre to SC

<ul><li><keyword id="11949917" type="General" weightage="20" keywordseo="vijaya-diagnostic-ipo" source="Orion">Vijaya Diagnostic IPO</keyword> will open for subscription on September 1 and close on September 3.</li><li>Analysts advise investors to subscribe to the IPO because of the company’s strong footing in south India and that it is cash rich and does not require any further capital for growth.</li><li>The diagnostics lab chain is looking to raise ₹1,895 crore through an entire offer for sale (OFS) from existing promoters with 3.56 crore equity shares.</li></ul>Diagnostics lab chain <keyword id="11949918" type="General" weightage="20" keywordseo="vijaya-diagnostic" source="Orion">Vijaya Diagnostic</keyword> will open its ₹1,895 crore initial public offering (IPO) for subscription from tomorrow, September 1, and will close on September 3. Analysts advise investors to subscribe to the IPO given the chain’s strong footing in south India. “The company is cash rich and does not require any further capital for growth,” said Ventura Securities while recommending to ‘subscribe’ to the IPO for long-term investing with a price target of ₹672, indicating an upside of 27% over the next 24 months. However, the <keyword id="938640" type="General" weightage="20" keywordseo="grey-market-premium" source="Orion">grey market premium</keyword> for Vijaya Diagnostic IPO is not very exciting. The firm has ₹250 crore cash on its books, Sunil Chandra Kondapally, executive director at Vijaya Diagnostic, <a href="https://www.businessinsider.in/stock-market/news/ipo-bound-vijaya-diagnostics-is-planning-more-acquisitions-in-east-india/articleshow/85755911.cms">told Business Insider</a>. Here are some of the important details of the Vijaya Diagnostic IPO: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹522-₹531 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 1 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 3 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 8 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 9 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 13 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 14 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">28 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Meanwhile, analysts at Angel Broking believe that all the short term positives are priced in and indicate a not-so-big listing for Vijaya Organics IPO. “The company has fixed the IPO price at [a] price to earning [sic] of 35.5 times of FY2021 earning, we believe that all the short-term positives have been priced in...Currently, the grey market premium for the IPO is at ₹50 which is 8.2% of IPO price, so the grey market is not suggesting any big listing...We have a neutral outlook for Vijaya organics IPO,” said Yash Gupta, equity research analyst at Angel Broking. Analysts at Ventura Securities expects the company’s revenue to grow at a compound annual growth rate (CAGR) of 16.7% to ₹600 crore by FY24 driven by its deepening footprints in core markets of Telangana and Andhra Pradesh, opening additional diagnostic centres and expanding adjacent geographies. Analysts at Kotak Securities highlight the firm’s long track record of delivering consistent profitable growth, with strong cash generation and return metrics. More about the company The company offers a “one-stop solution” for pathology and radiology testing services through its 80 diagnostic centres and 11 reference laboratories i.e. labs that perform routine and speciality tests in high volume, across 13 cities and towns in the states of Telangana and Andhra Pradesh. The company claims it has a 7% market share in the two states with an estimated market size of ₹5,100 crore. <div type="image" title="Vijaya correct chart" height="900" width="1200" msid="85789071" hostid="261"></div> Aside from the two states, it also has centres National Capital Region and Kolkata. It has a strong presence in south Indian states. However, 96% of its revenue comes from the city of Hyderabad alone, as per the draft red herring prospectus (DRHP). Existing promoters, including private equity investor Kedaara Capital, are selling 3.56 crore equity shares via IPO. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/enterprise/enterprise-software/news/saas-company-icertis-is-looking-to-hit-the-public-market-next-year/articleshow/85786657.cms">After Freshworks, Icertis is looking for an IPO for next year in the US</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/ami-organics-wants-to-become-debt-free-post-the-ipo/articleshow/85781458.cms">Ami Organics wants to become debt-free post the IPO, to cut dependence on China in the coming years</a>

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