Grill Restro Chain Barbeque-Nation aims to 700cr: Files IPO


Bangalore based casual dining restaurant chain Barbeque-Nation is now all set to play on Indian stock exchange. Earlier in August, the chain filed a draft red herring prospectus with the Securities and Exchange Board of India for a public listing.

The offer comprises a fresh issue of shares worth Rs 200 crore besides a secondary market offering of 6.18 million shares by promoter and managing director Kayum Dhanani, certain members of the Dhanani family and private equity backer CX Partners.

Home-grown CX Partners will sell a bulk of its holding in the company, as per the DRHP.