India's restaurant chain Barbeque-Nation falls in debut trade

United Foodbrands

07/04/2021 05:42

BENGALURU, April 7 (Reuters) - Shares of Barbeque-Nation
Hospitality  BARQ.NS  fell 2% in their market debut on
Wednesday, after the casual dining restaurant chain raised about
4.53 billion rupees ($61.62 million) through an initial public
offering (IPO).
    Fundraising via IPOs is at a 13-year high in India due to a
flood of overseas investment and as unusual interest from
mom-and-pop investors spur more listings, making India one of
the hottest IPO markets in 2021.  urn:newsml:reuters.com:*:nL4N2LO119
    Barbeque-Nation's shares opened at 489.85 rupees per share,
below the offer price of 500 rupees. 
    
    ($1 = 73.5170 Indian rupees)

 (Reporting by Chandini Monnappa, Anuron Kumar Mitra and Rama
Venkat in Bengaluru, Editing by Sherry Jacob-Phillips)
 ((Chandini.M@thomsonreuters.com ; +918061822697))