Barbeque Nation Hospitality has received markets regulator Securities and Exchange Board of India’s (Sebi) approval to raise an estimated Rs700 crore through initial public offering (IPO)

According to the Draft Red Herring Prospectus filed by the company, Barbeque Nation Hospitality’s IPO comprises fresh issue of shares worth Rs. 200 crore and an offer for sale of up to 6,179,000 equity shares

Barbeque Nation is an Indian restaurant chain by Barbeque Nation Hospitality Ltd. The first restaurant opened in Mumbai in January 2006. The restaurant chain also has private equity firm CX Partners as its investor

In addition to the Mumbai and Pune it has outlets in various other cities such as Chennai, Coimbatore, Madurai, Kochi,Calicut, Thrissur, Vijayawada, Delhi, Kolkata, Hyderabad, Chandigarh, Mohali, Gurgaon, Jaipur, Lucknow, Ahmedabad, Nagpur, Panjim, Visakhapatnam, Vadodara, Noida, Kanpur, Surat, Trivandrum and Bhubaneswar