United Foodbrands Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

United Foodbrands Ltd IPO

Barbeque-Nation Hospitality Limited owns and operates Barbeque Nation Restaurants, one of India's leading casual dining restaurant chains (in terms of outlet count as of September 30, 2020) according to the Technopak Report dated February 19, 2021, and International Barbeque Nation Restaurants. As of December 31, 2020, The Company owned and operated 147 Barbeque Nation Restaurants (including opened, temporarily closed and under construction outlets) across 77 cities and six International Barbeque Nation Restaurants in three countries. Its subsidiary Red Apple, owns and operates nine restaurants under the brand name, Toscano. As of December 31, 2020, it operated eleven Italian Restaurants in three cities in India. In November 2018, it launched UBQ by Barbeque Nation.

United Foodbrands Ltd IPO Details

Total Shares Offered

₹ 90,71,928

Offer to Public

54,57,470

Retail Max (Shares)

₹ 9,07,193

Pre Issue Promoters Holding

₹ 1,31,43,968

Exchange

BSE

Issue size

₹ 453.6 Cr

IPO Open Date

Mar 24, 2021

Close Date

Mar 26, 2021

Lot Size

Min Investment

₹ 14,940

Issue Type

Book Building

Listing Date

Apr 7, 2021

United Foodbrands Ltd IPO Dates

Mar 24, 2021

Opening date

Mar 26, 2021

Closing date

Apr 1, 2021

Basis of Allotment

Apr 5, 2021

Initiation of Refunds

Apr 6, 2021

Credit of Shares

Apr 7, 2021

Listing date

Details

Sector	Type
Sector	Hotels
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	6803946
NII	0x	1360789
Retail	0x	907193
Employee	0x	0
Total	0x	9071928

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

6803946

1360789

907193

9071928

United Foodbrands Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,233.05	1,254.51	1,233.76
EBITDA	245.42	246.42	258.39
PAT	-35.28	-26.36	6.72
Total Assets	163.76	169.45	143.47
Share Capital	19.54	19.54	19.49
Total Borrowings	169.87	151.55	104.41
Operating Activities (Net Cash)	105.31	112.66	130.82
Investing Activities (Net Cash)	136.88	85.33	51.95
Financing Activities (Net Cash)	169.87	151.55	104.41
Net Cashflow	2.43	15.04	18.01

About United Foodbrands Ltd

Barbeque-Nation Hospitality Limited was originally incorporated as Sanchi Hotels Private Limited on October 13, 2006 at Indore, Madhya Pradesh as a private limited company under the Companies Act, 1956. Subsequently, the name of the Company was changed to Barbeque-Nation Hospitality Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh, located at Gwalior on February 18, 2008. Thereafter the Company was converted into a public limited company and the name of the Company was changed to Barbeque-Nation Hospitality Limited and a fresh certificate of incorporation consequent upon change of name on conversion to a public limited company was issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh, located at Gwalior on March 4, 2008. Subsequently the registered office of the Company was changed from Indore, Madhya Pradesh to Bengaluru, Karnataka, pursuant to certificate of registration of regional director order for change of state issued by the Registrar of Companies, Karnataka located at Bengaluru (RoC) on January 15, 2014 with effect from December 16, 2013.

The Chain Casual Dining market in India has been flourishing over the last few years. It represents the 2nd largest share in the chain food services market in India after QSR. The segment has also seen an evolution of sorts in the preceding years and now there are a few players generating revenue of more than INR 5 billion in this category. In FY 2020, the size of the Chain Casual Dining market is estimated at INR 134 Bn. The segment is expected grow at a healthy CAGR of 18% to reach INR 302 Bn. by FY 2025

Peer Comparison:

Barbeque-Nation Hospitality Ltd
Jubilant Foodworks Ltd
Westlife Development Ltd
Speciality Restaurants Ltd
Burger King India Ltd

United Foodbrands Ltd Key Points

Strengths

Barbeque Nation is one of India's fastest growing and widely recognised restaurant brands in the rapidly growing CDR market

Steady growth in covers and consistent APC with a relatively high proportion of total revenues from weekday sales and lunch covers

Attractive offerings based on constant menu innovation and customer focus

Strong business processes and back-end systems leading to efficient operations

Experienced staff and value-oriented business culture led by some of its Promoters and its senior management team bringing experience from well-known hospitality brands

Risk

The outbreak of the 2019 novel coronavirus (COVID-19) pandemic, as well as GoI measures to reduce the spread of COVID-19, have had a substantial impact on its restaurant operations and the timing of how long the COVID- 19 pandemic and the related GoI measures will last is still uncertain.

Deterioration in the performance of, or its relationships with, third-party delivery aggregators, may adversely affect its business, results of operations and financial condition.

If the company is unable to implement its growth strategy successfully including in relation to selecting cities and locations for its new restaurants its results of operations and financial condition may be adversely affected.

Strategy

Increase same store sales growth, revenue per store and profitability as the vintage of its Barbeque Nation Restaurants increases

Continue expansion in Indian cities

Preserve its customer and team-focused culture and values

Expansion through owned & franchise formats in select international markets

Continue evaluating strategic brand acquisitions

How To Apply for United Foodbrands Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the United Foodbrands Ltd IPO?

United Foodbrands Ltd's IPO offers shares for up to 180 It begins on Mar 24, 2021 and ends on Mar 26, 2021.

What is the price of the United Foodbrands Ltd IPO?

The price of United Foodbrands Ltd IPO ranges between ₹498 to ₹500 per share.

What are the open and close dates for the United Foodbrands Ltd IPO?

The United Foodbrands Ltd IPO opens on Mar 24, 2021 and closes on Mar 26, 2021.

When will the United Foodbrands Ltd IPO be allotted?

The allotment for the United Foodbrands Ltd IPO will be finalised on Apr 1, 2021. The shares will be listed on BSE and NSE on Apr 7, 2021.

What is the minimum lot size required for United Foodbrands Ltd IPO?

The minimum lot size for United Foodbrands Ltd IPO is 30 shares, priced between ₹498 to ₹500 per share.

What is the GMP of United Foodbrands Ltd IPO?

The GMP (Grey Market Premium) of United Foodbrands Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of United Foodbrands Ltd IPO?

To check the allotment status of United Foodbrands Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the United Foodbrands Ltd IPO getting listed?

The United Foodbrands Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 24, 2021, and closes on Mar 26, 2021. The allotment is finalised on Apr 1, 2021.

How do you apply for the United Foodbrands Ltd IPO?

To apply for the United Foodbrands Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.