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Barbeque Nation completes Pre-IPO placement of ₹150 Crores

Barbeque Nation has completed a Pre-IPO placement of ₹1,499.69 million.

Under a share subscription agreement dated December 9, 2020 entered into by the Company with Xponentia Opportunities Fund – I (“Xponentia”), Xponentia agreed to subscribe for and has been allotted 1,587,302 Equity Shares for an aggregate consideration of ₹400 million.

In addition, under a share subscription agreement dated December 31, 2020 entered into by the Company with Jubilant Foodworks Limited (“Jubilant”), Jubilant agreed to subscribe for and has been allotted 3,650,794 Equity Shares for an aggregate consideration of approximately ₹920 million.

Pursuant to the transaction with Xponentia, Devinjit Singh, who is the Founder and Managing Partner of Xponentia Capital Partners, has been appointed as a Non-Executive Director on the Board. As a part of the Pre-IPO placement, certain individuals and employees also subscribed for an aggregate of 713,036 Equity Shares for an aggregate consideration of ₹179.69 million. As a consequence, the Pre-IPO Placement aggregated to ₹1,499.69 million.

Offer Document

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