Burger King India Limited IPO (Burger King IPO) Detail

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.

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 is the promoter of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)

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)

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.

Burger King IPO Details

IPO Date Dec 2, 2020 - Dec 4, 2020

Issue Type Book Built Issue IPO

Issue Size 135,000,000 Eq Shares of ₹10

(aggregating up to ₹810.00 Cr)

Fresh Issue 75,000,000 Eq Shares of ₹10

(aggregating up to ₹450.00 Cr)

Offer for Sale 60,000,000 Eq Shares of ₹10

(aggregating up to ₹360.00 Cr)

Face Value ₹10 per equity share

IPO Price ₹59 to ₹60 per equity share

Market Lot 250 Shares

Min Order Quantity 250 Shares

Listing At BSE, NSE

Burger King IPO Tentative Date / Timetable

Bid/Offer Opens On Dec 2, 2020

Bid/Offer Closes On Dec 4, 2020

Finalisation of Basis of Allotment Dec 9, 2020

Initiation of Refunds Dec 10, 2020

Credit of Shares to Demat Acct Dec 11, 2020

IPO Shares Listing Date Dec 14, 2020

Burger King IPO Lot Size and Price (Retail)

Application Lots Shares Amount (Cut-off)

Minimum         1      250         ₹15,000

Maximum 13 3250 ₹195,000

Burger King IPO Promoter Holding

Pre Issue Share Holding 99.39%

Post Issue Share Holding 60.08%