Bad timing, uncertain future: why Barbeque Nation IPO is an undercooked, overpriced spread

BCCL

Barbeque Nation at Janakpuri, New Delhi on May 27, 2011.

Synopsis
Most analysts recommended giving Barbeque Nation IPO, which opened last week and may get listed on April 7, a miss. They are waiting to see the company’s performance for the next two quarters before taking a call. But there may be longer-term structural issues that can hinder the stock from performing well at the bourses. Here are the details.

Barbeque Nation IPO memes are all over Twitter. One of our favourites is the one below, making a reference to the now-established way the restaurant chain’s staff celebrates a customer’s birthday at the premises. It’s a testament to how popular Barbeque Nation has become. The buffet-focused casual-dining restaurant chain is easily identified by its offerings including welcome drinks, free birthday cake, and the freshly cooked kebab starters.

( Originally published on Apr 05, 2021 )