India’s Barbeque Nation plans to launch IPO

Aug 16, 2017Updated May 26, 20251 min read

Bengaluru-based restaurant chain Barbeque Nation Hospitality aims to raise about Rs700 crore (US$109 million) through an IPO.

Draft documents filed with the Securities and Exchange Board of India say the offer comprises a fresh issue of up to Rs200 crore as well as an offer for sale of up to 6.2 million equity shares by company’s promoters.

The company says it plans to use the funds raised to expand nationally, as well as repay loans.

At the end of June, the company ran 81 Barbeque Nation restaurants in 42 cities in India plus one in Dubai.

Domestic investor CX Partners is likely to sell the bulk of its holding in the company, according to the draft prospectus.

According to Deal Street Asia, the casual-dining chain has acquired the master franchisee rights to India for US burger chain Johnny Rockets.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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