Barbeque Nation Hospitality Ltd has filed IPO papers with Sebi to raise about Rs700 crore. Mumbai: Bengaluru-based Barbeque Nation Hospitality Ltd on Monday said it has filed draft documents for an initial public offering (IPO) with Securities and Exchange Board of India (Sebi) to raise about Rs700 crore. The funds raised from the IPO will be utilized towards expansion of Barbeque Nation restaurants in the country, repayment of loans of the company and its subsidiaries. “The offer includes a reservation of up to 1.5 lakh equity shares, for subscription by eligible employees”, it added. IIFL Holdings, Edelweiss Financial Services, Jefferies India and SBI Capital Markets are the book running lead managers to the issue and Link Intime India is the Registrar.

Source: Mint August 14, 2017 13:41 UTC