Burger King IPO

Burger King IPO Dates, price bands, and details

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Burger King IPO is all set to hit Dalal Street on 2nd December 2020. the company aims for an issue size of ₹810 crores through this IPO.

Burger King India Ltd

BK is one of the fastest-growing international QSR (Quick Service Restaurant) chains in India during the first five years of our operations based on the number of restaurants. As the national master franchisee of the BURGER KING® brand in India, it has exclusive rights to develop, establish, operate, and franchise Burger King branded restaurants in India.

Since opening its first restaurant in November 2014, the company has used its well-defined restaurant roll out and development process with the aim of growing quickly, consistently, and efficiently into a pan-India QSR chain and capitalizing on the growing market opportunity in India for QSR restaurants. As of 30 June 2019, it had 202 restaurants, including seven Sub-Franchised Burger King Restaurants, across 16 states and union territories and 47 cities across India. The company builds its restaurant network using a cluster approach and penetration strategy. It launches its brand from flagship locations in high traffic and high visibility locations in key metropolitan areas and cities across India and then develops new restaurants within that cluster. This approach helps it to efficiently manage its vertically managed and scalable supply chain and drive down costs.

Also read: IPO List, current-ongoing-listed IPOs

Objective of the Issue

  • To finance the roll-out of new company-owned Burger King Restaurants.
  • To meet the general corporate purposes.

Basic details about the company

IndustyHotels, Resorts, and Restaurants
Company Websitewww.burgerking.in

Dates to remember

IPO Open02 December 2020
IPO Close04 December 2020
Basis of Allotment09 December 2020
Refunds date10 December 2020
Credit to Demat Account11 December 2020
 Listing Date14 December 2020

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹810 crores
Number of shares offered13,50,00,000 Shares
Face value₹10 per equity share
Price band₹59-₹60 per equity share
Retail portion10%
Lot size250 Nos
Minimum application1 lot – 250 shares
Maximum application13 lot – 3250 shares
Minimum application amount₹15,000
maximum application amount₹195,000
Listing ExchangeBSE, NSE

Competitive strength

  • Brand value and customer loyalty.
  • Strong customer value proposition.
  • Vertically scalable supply chain.
  • Exclusive franchise rights in India.
  • Experienced and professional management team.

Category-wise Break up

Anchor: 6,07,50,000 Shares = 364.50 Crores
QIB: 4,05,00,000 Shares = 243.00 Crores
NII: 2,02,50,000 Shares = 121.50 Crores
RII: 1,35,00,000 Shares = 81.00 Crores (Lot size: 250 = 54,000 Forms)
Total Issue: 13,50,00,000 Shares = 810.00 Crores.


Burger King’s financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income-81.4-38.6-77.6-119.0
Net margin (%)-20.9-6.0-9.2-78.4

Valuation of Gland Pharma (as of FY2020)

Earnings Per Share (EPS)₹2.87
Price/Earnings (PE ratio)NA
Return on Net Worth (RONW)-27.8%
Net Asset Value (NAV)₹7.62 per share (as of 30 Sep 2020)

Company Promoters

  • QSR Asia PTE LTD.
Pre Issue promoter Share Holding99.39%
Post Issue promoter Share Holding52.9%

Lead managers

  • Edelweiss Financial Services
  • Kotak Mahindra Capital
  • JM Financial
  • CLSA

Registrar of Burger King IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: burgerking.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Burger king contact details

Burger King India Limited
Unit Nos.1003 to 1007, 10th Floor, Mittal Commercia
Asan Pada Rd, Chimatpada, Marol, Andheri (E), Mumbai 400 059 
Phone: +91 22 7193 3047Email: investor@burgerking.in
Website: www.burgerkingindia.in

Burger King IPO Allotment Status

Burger King IPO allotment status will be available on Link Intime’s website.

Click on this link to get allotment status.

Subscription Status
(Over Subscribed)

CategoryDay 1Dy 2Day 3

Final thoughts

Burger King IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision

Happy Investing

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