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Barbeque Nation files IPO Papers to Raise Rs 1,000-1,200 cr

18Feb By Press Trust of IndiaNo Comments

Market

Barbeque Nation files IPO Papers to Raise Rs 1,000-1,200 cr

India based casual dining chain Barbeque Nation Hospitality has filed fresh papers with markets regulator Sebi to raise an estimated Rs 1,000-1,200 crore through an initial public offering. The IPO comprises a fresh issue of shares worth Rs275 crore and an offer-for-sale of up to 98,22,947 equity shares, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). The company may consider a pre-IPO placement to the tune of Rs150 crore. Proceeds of the issue will be utilised to repay an outstanding borrowing of Rs 205 crore in part or full and for general corporate purposes. The company is promoted by Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani and is backed by private equity firm CX Partners, whic...

Cure.fit To Launch Quick Service Restaurants in the Coming Weeks

Health and fitness startup Cure.fit is on the advanced stages to launch two quick service restaurants (QSR) in Bengaluru. The restaurants are expected to be launched in the next 4-6 weeks and will offer healthy food to people who are on-the-go in the city. This move will make the company one of the early firms in the food tech sector to foray into the offline space. For the purpose of setting up each of the food outlets, Cure.fit is investing approximately Rs 40-45 lakh. "Our proposition is that people should find healthier ways to eat wherever they are. This is why having an outdoor presence is important. We are piloting with a couple of outlets and will see how it goes," said Ankit Nagori, Co-founder of Cure.fit. The company offers four fitness and health products, which include gym...

Why Restaurant Goers Need Voolsy to Change Their Dining Out Experience

Smit Nebhwani and Amrish Patel, both lovers of good food, always faced some problem or the other when they went dining out with their family or friends. Problems, which we take for granted, but they wouldn’t. Most of the times, eating out doesn’t turn out to be a memorable experience the way it should turn out to be. Many times it happens that waiters are too busy in a rush hour and don’t have time to attend us, and we have to wait till the waiter makes an appearance to take our order. The problems don’t end here. Sometimes, there are no enough menus for all on the table or sometimes we don’t have a clue what a particular dish looks like or the quantity being served. Worst of all, even the waiters have no clue how to answer such questions and are have not been prepared to interact with ...