Barbeque Nation IPO Apply

More than 15 IPOs were released this year, but there are many upcoming IPO of the companies that are interested in getting listed this year. Barbeque Nation IPO is one of them, and you must be looking for an answer to how to apply for Barbeque Nation IPO?

 

This food chain brand is very popular today and is planning to raise ₹180 Cr through a fresh issue, and the amount of Offer for Sale (OFS) in this IPO is ₹273 Cr through 54.57 lakh shares. If you would like to know more about their business, you can check out here. 

Now, we should get back to the query at hand – how to apply for Barbeque Nation IPO?

You have the option to apply online or offline. We shall begin with the online method first.

How To Apply For Barbeque Nation IPO Online?

Every aspect of our lives has been digitalized today, and the application process of IPO is no exception. To apply for an IPO, you must have a demat account with a stockbroker or depository participant that is operational.

In Case you don’t have a Demat Account, refer to the form below and proper guidance will be given to you:

With that sorted, the next step in the online process is to figure out which process you want to do. There are two ways –

1. ASBA (Application Supported by Blocked Amount) Method
2. UPI (Unified Payment Interface) Method

Let’s discuss both of them separately.

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How To Apply For Barbeque Nation IPO Using ASBA?

ASBA method can be done only when the bank is approved by SEBI. There are more than 65 banks on the list, and they include – State Bank of India, HDFC Bank, Citi Bank, ICICI Bank, Union Bank of India, etc.

You have to meet a few criteria while you apply through the ASBA method. They are:

• The application should be through a SEBI-approved bank.
• The securities should be held in a demat account.
• You must have an operational demat account.
• The maximum application amount should not be more than ₹2 Lakhs.
• The application should be under the general category.

Here, your application amount is blocked in the bank account till the allotment process concludes. Follow the steps listed below:

• Open the bank’s website.
• Log in using the net banking portal.
• Look for the Request button in the menu and click on it.
• The list of open IPOs will load.
• Click on Barbeque Nation IPO.
• Fill the application form like bank account number, depository details, etc.
• Cross-check the application and submit the form.

The application is submitted.

Now we will discuss the method to apply for Barbeque Nation IPO through UPI.

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How To Apply For Barbeque Nation IPO Through UPI?

This payment method was incorporated into the IPO application in 2019 as it had become extremely popular among Indian citizens. Now let’s talk about the procedure. Once you have registered on a UPI application, a UPI ID is generated.

 

The steps to follow are as follows:

▶️ Log in to the trading platform of your broker.

▶️ Open the IPO tab and click on the apply button for Barbeque Nation IPO.

▶️ Fill the application form.

▶️ Enter the UPI ID in the payment option.

▶️ Submit the form, and you will receive a request to block the corresponding amount in the bank account.

▶️ Approve the request, and you are done!

The amount will be unblocked or debited after the allotment process concludes.

Now we will talk about the offline procedure.

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How To Apply For Barbeque Nation IPO Offline?

Many of us are old school at heart. Thus, the offline process can’t be scrapped entirely. The offline process is just ASBA being done by visiting the nearest bank branch.

 

The steps to follow are:

▶️Go to the nearest branch of your bank.

▶️ Fill the IPO application in person.

▶️ Some crucial details necessary to be filled are – Bank Account details, Demat Account Number, PAN Card Number.

▶️ Make the payment using a cheque for the application.

▶️ Submit the application form to the designated bank executive.

▶️The application is processed through the bank’s portal.

Now that you have the process to apply for Barbeque Nation IPO, you must be looking forward to the list of dates for this IPO.

Don’t worry. We got you covered.

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Barbeque Nation IPO Date

The journey of an IPO starts with the announcement of its opening and ends when the IPO shares are listed on the share market. 

The list of all the important dates for the IPO are tabulated below:

 

With that said and done, we know that your interest in this IPO is piqued, and now you want to look for the prices associated with it.

So, here they come.

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Barbeque Nation IPO Price

The prices that are important for an investor or trader are – issue price, fresh issue size, offer for sale, price band, and listing price.

All of them have been tabulated below:

 

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Barbeque Nation IPO Should I Buy

The final issue size of Barbeque Nation IPO is ₹453 Cr. The objective of this IPO seems very clear. They wish to get rid of their debts and expand their delivery business.

Since the OFS capital is exclusive to the promoters, the purpose of this IPO becomes crystal clear.

But there is a catch before we jump to the conclusion. The hospitality sector is among the industries that were hit by the COVID-19 pandemic, and Barbeque Nation Hospitality is no exception to this situation.

The food chain has maintained strong financials before the pandemic hit, which translates to the IPO being better in the long run. The investment might not give you returns instantly, but it will if you hold on to them for the correct period.

Happy trading and good luck!

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Want to invest in IPO and still not having a Demat Account? Do Not Fret! Fill the form below and open a demat account for free without delay.