Barbeque Nation IPO GMP

The very popular food chain – Barbeque Nation is bringing its IPO this month. It is famous among the masses, and thus many investors and traders are looking forward to investing in the company. This makes eyeing Barbeque Nation IPO GMP very important.

GMP or Grey Market Premium of an IPO has to be tracked as it fluctuates throughout the day and every day. But before we jump to the discussion, we must know about the company releasing this IPO in the share market.

The journey of Barbeque Nation Hospitality Private Limited began in 2006 with the name – Sanchi Hotels Private Limited in Indore, Madhya Pradesh. The company changed its name in 2008 to what we know it as today.

Currently, the food chain is registered in Bangalore, Karnataka, and is eyeing to raise ₹180 Cr as the fresh issue, and the Offer for Sale (OFS) amount is ₹273 Cr through 54.57 lakh shares.

We shall dive into the discussion of the latest update of GMP.

Note – All these articles will be updated regularly. Last updated on “24 April, 2024“

Barbeque Nation IPO GMP Today

GMP plays an important role in the listing price of the shares in an IPO. It might pull or push the prices according to their value.

It translates to the interested traders and investors looking at every movement of this price and then makes a decision if they wish to subscribe to this IPO or not.

The Barbeque Nation IPO GMP has been compiled in the table below since it started trading in the Grey Market.

Check the GMP here:

 

If you observe that the GMP has been rising and or maintaining a positive value, this means that the grey market traders are willing to pay more than the Barbeque Nation IPO price band.

On the other hand, if the value is decreasing or negative, the demand is pretty less.

Now that you have the information about the GMP movement, you must be excited to apply for the IPO.

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Barbeque Nation IPO Apply 

The first must-have in the process to apply for an IPO is a demat account with a stockbroker or depository participant you want. After this aspect is sorted, you have a choice to make – apply through the online method or offline.

If you choose to apply online, You have the option to use ASBA (Application Supported by Blocked Amount) or UPI (Unified Payment Interface). Here, in the ASBA method, the application is processed through the net banking portal.

In the UPI method, the application is made through the trading platform. On the other hand, if you apply offline, the applicant has to visit the nearest branch of their bank and apply in person. Here, the payment is done through a cheque.

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Barbeque Nation IPO Should I Buy

The final issue size for this IPO is ₹453 Cr and from the objective of this IPO, it is clear that the money raised under the fresh issue will be utilized to clear off its debts.

Since the capital raised under the offer for sale is exclusive to the promoters, the reason for this IPO is very straightforward.

But here is a catch, the hospitality sector has been the worst-hit industry due to COVID-19, and Barbeque Nation Hospitality is no exception.

Further, the food chain has strong financials before the pandemic hit. This means that even though the IPO might not give you an instant reward, but if you are looking for a long-term investment, it is your chance to invest in this very popular brand.

Happy trading and good luck!

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