Investors should book listing gains as the second wave of COVID-19 can further add pressure to already stressed finances.
On the NSE, Rakesh Jhunjhunwala backed Barbeque Nation Hospitality opened at Rs 489.85, implying a discount of 2.03%.
The Rs 453-crore Barbeque Nation IPO received bids for 98,75,790 shares against 49,99,609 shares on offer
The Rs 453-crore Barbeque Nation IPO received bids for 66,46,830 shares against 49,99,609 shares on offer
Initial public offering by Barbeque Nation subscribed 92% on the first day of the bidding process so far
Most brokerage firms have not rated the issue. While in the pre-IPO placement round the company raised Rs 150 crore at an issue price of Rs 252 per sh
The company, which filed preliminary papers in February last year, received Sebi's approval in July 2020 to launch the IPO.
The initial public offer comprises a fresh issue of shares worth Rs 180 crore and an offer-for-sale of up to 54,57,470 equity shares