Cashier ( Kotak Mahindra Bank ) | Posted on | Share-Market-Finance
Why did Rakesh Jhunjhunwala invest in Barbeque Nation?
Entrepreneur | Posted on
Rakesh Jhunjhunwala is one of today’s finest stock investors in India. There’s a reason why and how he has managed to build a fortune in this domain. What do you expect of him? Barbeque Nation is one country’s fastest emerging chain that has pioneered OTT barbeque. Plus, it is going public soon in an IPO that is expected to raise the company over Rs 700 crores.
The pre-IPO placement valued Barbeque Nation, which has more than 81 restaurants, at a whopping Rs 2,300-2,400 crore. Rakesh Jhunjhunwala saw an opportunity here and decided to purchase some equities in a pre-IPO deal.
Alchemy Capital, co-founded by Rakesh Jhunjhunwala, bought 3.5 percent stake in Barbeque Nation for Rs 90 crore. This is a clear sign just how exceptional Barbeque Nation is expected to perform in the future. It also is a clear sign that the Casual Dining Restaurant segment is a great avenue to put your bet on.
So, take the same suite as Rakesh Jhunjhunwala. If you can get hold of Barbeque Nation IPO or invest in the CDR segment, go for it . Your portfolio would get a major boost.
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