Barbeque-Nation Hospitality Ltd (BNHL), a casual restaurant chain, has raised £ 202 million from 15 anchor investors ahead of its IPO, which opens for subscription on Wednesday.
The company has allotted 40.58 lakh shares at a price of £ 500 per share, the company told the exchanges.
BNHL has allocated 2.71 lakh shares to seven foreign portfolio investors for around 13.53 crore, corresponding to a total volume of 94.68 crore. The foreign investors were Fidelity, Eastspring Investment, Nomura, Goldman Sachs, Kuber India and UPS Group Trust.
The company has allocated a total of 21.64 lakh shares to 8 domestic investors for approximately 108.21 crore. These were the SBI Mutual Fund, the ICICI Prudential Mutual Fund, the HDFC Mutual Fund, the Aditya Birla Sun Life Mutual Fund, the Kotak Mutual Fund, the HDFC Life, the Pioneer Investment Fund and the Motilal Oswal Select Opportunities Fund Series II.
BNHL’s £ 453 million initial public offering will close on Friday March 26th.
Also read: The Barbeque Nation IPO opens on Wednesday. Price range set at £ 498-500
The IPO is a new issue of £ 5 worth of shares with a total face value of up to £ 180 and an offer to sell up to 54.57 lakh shares by the selling shareholders. The company has reserved up to £ 2 billion worth of shares for employees.