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About IPO: Barbeque Nation Hospitality gets SEBI‘s go ahead to float IPO. Company has filed IPO papers with SEBI for the second time. Backed by private equity investors CX partners and ace investor Rakesh Jhunjhunwala’s investment firm Alchemy Capital, the IPO would comprise a fresh Issue of shares as well as offer for sale. SEBI approve to raise ₹1,000-1,200 Cr. through an IPO. The IPO comprises a fresh issue of shares worth ₹ 275 Cr. and an offer for sale of up to 98,22,947 equity shares, according to DRHP filed with SEBI. Proceeds of the issue will be utilized to repay an outstanding borrowing of ₹ 205 Cr. in part or full and for general corporate purpose.