Burger King India Coming out with IPO - Burger King IPO Details & Price Band

Burger King India Limited is coming out with a fresh public issue ( IPO ) to raise ₹ 810 crores from the market.

Burger King India Limited is one of the fastest growing international QSR chains in India during the first five years of its operations based on number of restaurants.

As the national master franchisee of the BURGER KING® brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. The company’s master franchisee arrangement provides them with the ability to use Burger King’s globally recognized brand name to grow its business in India, while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.

    burger-king-ipo


    Burger King IPO Review:

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    Burger King IPO Dates & Price Band:

    IPO Open: 02 December 2020
    IPO Close: 04 December 2020
    Offer  Size: 8.10 Crore ( Approx )
    Face Value: ₹ 10 Per Equity Share
    Price Band: ₹ 59-60 Per Share
    Listing on: BSE & NSE
    Retail Portion: 10%
    Equity: 13,50,00,000 Shares
    Type of Issue Book Built Issue IPO

    Burger King IPO Market Lot


    Minimum Lot Size: Apply for 250 Shares
    Minimum Amount: ₹15,000
    Maximum Lot Size: Apply for 3250 Shares
    Maximum Amount: ₹1,95,000

    Burger King IPO Allotment & Listing Date:

    In this section we have covered all important dates related to Burger King IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
     Basis of Allotment:
    09 December 2020
     Refunds:
    11 December 2020
     Credit to Demat Account:
    12 December 2020
     Listing Date:
    14 December 2020

    Burger King Financial

    Particulars For the year/period ended (₹ in million)
    30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
    Total Assets 11,771.18 11,977.07 9,204.72 7,303.55
    Total Revenue 1,516.54 8,468.29 6,441.30 3,887.37
    Profit After Tax (1,189.46) (765.70) (382.79) (822.32)

    Burger King IPO Form:

    How to apply the Burger King IPO? You can apply Burger Kings IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Burger King IPO in the Invest section. The other option you can apply Burger King IPO via IPO forms download via NSE and BSE. 

    Objects of the Issue:

    The net proceed from the IPO will be used towards following purposes;
    • To finance the roll-out of new company-owned Burger King Restaurants.
    • To meet the general corporate purposes.

    About Burger King Company:

    Burger King is the India's fastest growing quick service restaurant chains. It is the second largest fast food burger brand with having 216 Burger-King restaurants and 8 Sub-Franchised Burger King restaurants.

    It has an exclusive right to establish, develop, and operate Burger King branded restaurants in India. It aims to cater to the Indian tastes and preferences through adding new food offerings to its product portfolio. Company establishes its branches in high traffic areas in key metropolitan areas and cities across the country.

    Burger King India has 261 restaurants including eight sub-franchised Burger King Restaurants across 57 cities in India, including Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh, Ludhiana, Amritsar andKochi, according to its draft prospectus.

    The company is one of the fastest growing international QSR chains in India during the first five years of operations based on number of restaurants.

    Earlier, the company had filed draft papers with Sebi in November 2019 to raise ₹400 crore through fresh issue of shares and an offer for sale of up to 6 crore equity shares by QSR Asia. It has increased the size of the fresh issue.

    The regulator has given relaxation till 31 March, 2021 to companies in respect of filing of fresh offer document in case of increase or decrease of issue size by 50%.

    Competitive strengths

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

    Company Promoters:

    • QSR Asia Pte. Ltd

    Quick Links

    Burger King Shorts IPO Registrar:

    Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: burgerking.ipo@linkintime.co.in

     

    Burger King IPO Lead Managers

    1. CLSA India Private Limited
    2. Edelweiss Financial Services Ltd
    3. JM Financial Consultants Private Limited
    4. Kotak Mahindra Capital Company Limited

    Company Address:

    Unit Nos.1003 to 1007,10thFloor, Mittal Commercia,
    Asan Pada Rd, Chimatpada, Marol, Andheri (E),
    Mumbai, Maharashtra, 400 059

    Phone: +91 2271933047
    Email: investor@burgerking.in

     

    Burger King IPO FAQs

    1. What is Burger King IPO?

      Burger King IPO is a Main Board IPO of 135,000,000 equity shares of the face value of ₹10 aggregating up to ₹810 Crores. The issue is priced at ₹59-60 per equity share. The minimum order quantity is 200 Shares.

      The IPO opens on Dec 02, 2020, and closes on Dec 04, 2020.

      Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE & NSE.

    2. How to apply in Burger King IPO through Zerodha?

      Zerodha customers can apply online in Burger King IPO using UPI as a payment gateway. Zerodha customers can apply in Burger King IPO by login into Zerodha Console (back office) and submitting an IPO application form.

      Steps to apply in Burger King IPO through Zerodha

      1. Visit the Zerodha website and login to Console.
      2. Go to Portfolio and click the IPOs link.
      3. Go to the 'Burger King IPO' row and click the 'Bid' button.
      4. Enter your UPI ID, Quantity, and Price.
      5. ‘Submit’ IPO application form.
      6. Visit the UPI App (net banking or BHIM) to approve the mandate.

      Visit Zerodha IPO Application Process Review for more detail.

    3. When Burger King IPO will open?

      The Burger King IPO opens on Dec 02, 2020 and closes on Dec 04, 2020.

    4. What is the lot size of Burger King IPO?

      Burger King IPO lot size is 250 Shares and the minimum order quantity is 250 Shares.

    5. How to apply for Burger King IPO?

      You can apply in Burger King IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

    6. When Burger King IPO allotment?

      The finalization of Basis of Allotment for Burger King IPO will be done on 09 December, and the allotted shares will be credited to your demat account by 11 December. Check the Burger King IPO allotment status.

    7. When is Burger King IPO listing date?

      The Burger King IPO listing date is not yet announced. The tentative date of Burger King listing is 04 December 2020.

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