December 2, 2020 - December 4, 2020

Burger King IPO Review & Recommendations

Angel One, BP Equities (BP Wealth), Capital Market, Choice Equity Broking Pvt Ltd, Geojit Securities Ltd, GEPL Capital Ltd, ICICI Direct, KR Choksey Securities Ltd and Religare Broking Limited have given "Apply" recommendation to Burger King IPO. Dilip Davda, Investmentz Ltd and InvestorGain.com have given "May Apply" recommendation to Burger King IPO. Axis Capital, Edelweiss Broking Ltd, HDFC Securities Limited, Kotak Securities and Sharekhan Limited have "Not Rated" the IPO.

Burger King IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	9	3	0	0	5
%	52.94	17.65	0.00	0.00	29.41

Burger King IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Angel One	Apply
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Capital Market	Apply
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	May Apply
Edelweiss Broking Ltd	Not Rated
Geojit Securities Ltd	Apply
GEPL Capital Ltd	Apply
HDFC Securities Limited	Not Rated
ICICI Direct	Apply
Investmentz Ltd	May Apply
Kotak Securities	Not Rated
KR Choksey Securities Ltd	Apply
Religare Broking Limited	Apply
Sharekhan Limited	Not Rated
InvestorGain.com	May Apply

Burger King IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Burger King IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Burger King IPO Review by Dilip Davda (May apply)

[Dilip Davda] Burger King met with fancy among younger generation that helped the company for speedy expansion of its footprint. But in the current situation of COVID-19 pandemic and changing lifestyle habits and shifting preference with rising awareness of immunity diet, Burger King will find it difficult to maintain the progress made in the last five fiscals. Company has huge carried forward losses that are represented in its NAV of Rs. 7.62 (against face value of Rs. 10) as on September 30, 2020. Thus issue appears aggressively priced. Due to its carried forward losses, BKIL has reserved 75% quota for QIBs and they may support the issue for smooth sailing. Extended gestation period may take long to wipe out accumulated losses. The segment is crowded with many organized/unorganized players and posing tough competition. Once normalcy restores, BKIL may achieve the targeted plans. Considering all these, cash surplus, risk savvy investors may consider investing in this issue with a long term perspective. Read detail review...

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