Barbeque Nation IPO - ICICI Direct’s Investment Rationale
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ICICI Direct Report
Barbeque Nation Hospitality is one of India’s leading casual dining restaurant chains with 164 restaurants.
The company owns 147 restaurants in India and six restaurants in three countries outside India under the brand name ‘Barbeque Nation’.
It also hold 61.35% stake in a company called ‘Red Apple’, which operates 11 Italian cuisine restaurants. Out of this, nine restaurants are under the brand name ‘Toscano’ and one each under the brand name ‘La Terrace’ and ‘Collage’. It operates in 77 cities in India.
In November 2018, the company launched ‘UBQ by Barbeque Nation’ restaurant to provide a-la carte Indian cuisine in the value segment.
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