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Burger King India Limited IPO (Burger King IPO) Detail

December 2, 2020 - December 4, 2020

Burger King IPO is a book built issue of Rs 810.00 crores. The issue is a combination of fresh issue of 7.5 crore shares aggregating to Rs 450.00 crores and offer for sale of 6 crore shares aggregating to Rs 360.00 crores.

Burger King IPO bidding started from December 2, 2020 and ended on December 4, 2020. The allotment for Burger King IPO was finalized on Wednesday, December 9, 2020. The shares got listed on BSE, NSE on December 14, 2020.

Burger King IPO price band is set at ₹59 to ₹60 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹15,000.

Clsa India Private Limited, Edelweiss Financial Services Ltd, Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Burger King IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Burger King IPO RHP for detailed information.

Burger King IPO Details

IPO Date December 2, 2020 to December 4, 2020
Listing Date December 14, 2020
Face Value ₹10 per share
Price Band ₹59 to ₹60 per share
Lot Size 250 Shares
Total Issue Size135,000,000 shares
(aggregating up to ₹810.00 Cr)
Fresh Issue75,000,000 shares
(aggregating up to ₹450.00 Cr)
Offer for Sale60,000,000 shares of ₹10
(aggregating up to ₹360.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Burger King IPO Reservation

Burger King IPO offers 74,491,524 shares. 40,423,729 (54.27%) to QIB, 20,440,677 (27.44%) to NII, 13,627,118 (18.29%) to RII. 54,508 RIIs will receive minimum 250 shares and (sNII) and (bNII) will receive minimum 3,500 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered40,423,729 (54.27%)NA
NII (HNI) Shares Offered20,440,677 (27.44%)
Retail Shares Offered13,627,118 (18.29%)54,508
Total Shares Offered74,491,524 (100%)

Burger King IPO Timeline (Tentative Schedule)

Burger King IPO opens on December 2, 2020, and closes on December 4, 2020.

IPO Open Date Wednesday, December 2, 2020
IPO Close Date Friday, December 4, 2020
Basis of Allotment Wednesday, December 9, 2020
Initiation of Refunds Thursday, December 10, 2020
Credit of Shares to Demat Friday, December 11, 2020
Listing Date Monday, December 14, 2020
Cut-off time for UPI mandate confirmation 5 PM on December 4, 2020

Burger King IPO Lot Size

Investors can bid for a minimum of 250 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 250 ₹15,000
Retail (Max) 13 3250 ₹195,000
Lot Size Calculator

Burger King IPO Promoter Holding

QSR Asia Pte. Ltd is the promoter of the company.

Share Holding Pre Issue 99.39%
Share Holding Post Issue 60.08%

About Burger King India Limited

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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs 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 (Burger King IPO Objectives)

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 Review (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...

    Burger King IPO Subscription Status (Bidding Detail)

    The Burger King IPO is subscribed 156.65 times on December 4, 2020 5:00:08 PM. The public issue subscribed 68.15 times in the retail category, 86.64 times in the QIB category, and 354.11 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Application Wise IPO Subscription (Retail): 2415797 times

    CategorySubscription (times)

    Burger King IPO Prospectus

    Burger King IPO Rating

    Rating:Rated 4.0 stars
    Vote Here ...

    Burger King IPO Listing Details

    Listing Date December 14, 2020
    BSE Script Code 543248
    NSE Symbol RBA
    ISIN INE07T201019
    Final Issue Price ₹60 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Last Trade

    Check IPO Performance…

    Burger King India Limited Contact Details

    Burger King India Limited
    Unit Nos.1003 to 1007,10thFloor, Mittal Commercia,
    Asan Pada Rd, Chimatpada, Marol, Andheri (E),
    Mumbai, Maharashtra, 400 059
    Phone: +91 2271933047

    Burger King IPO Registrar

    Link Intime India Private Ltd

    Phone: +91-22-4918 6270

    Burger King IPO FAQs

    Burger King IPO is a main-board IPO of 135,000,000 equity shares of the face value of ₹10 aggregating up to ₹810.00 Crores. The issue is priced at ₹59 to ₹60 per share. The minimum order quantity is 250 Shares.

    The IPO opens on December 2, 2020, and closes on December 4, 2020.

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

    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.

    The Burger King IPO opens on December 2, 2020 and closes on December 4, 2020.

    Burger King IPO lot size is 250 Shares, and the minimum amount required is ₹15,000.

    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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    The finalization of Basis of Allotment for Burger King IPO will be done on Wednesday, December 9, 2020, and the allotted shares will be credited to your demat account by Friday, December 11, 2020. Check the Burger King IPO allotment status.

    The Burger King IPO listing date is on December 14, 2020.
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    Burger King IPO Message Board

    Ranked Members of Forum  Ranked Members | Members with Most Likes



    750. Shreyas Mabian |   Link |  Bookmark |February 9, 2021 10:56:34 PM
    Hello experts.... Today burger king announced its result was not that good.... I have 100 shares of bugerking should I hold Or sell
    750.1. ipobull |   Link |  Bookmark |February 22, 2021 9:09:05 PM
    IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
    Sell now and buy a good company or wait for next quarterly results and sell one day before announcement of results
    749. PROFIT KING |   Link |  Bookmark |January 26, 2021 8:42:49 PM
    Buy @130 next target 180 and then 250
    748. ARVIND BANSAL |   Link |  Bookmark |January 25, 2021 12:32:12 PM
    subscription please
    747. Dilshad Mansuri |   Link |  Bookmark |January 20, 2021 11:04:08 PM
    746. ColdBurger |   Link |  Bookmark |January 16, 2021 10:34:22 AM
    IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
    Experts can you see more downside to this stock? One anchor investor exited fully so I too exited with 34% loss @145. May enter if it goes 110-120 level which will happen if any more anchor investor exit. One thing is puzzling, this stock is not affected by market trend! What to read? Are operators managing counter??
    745. Rohith V |   Link |  Bookmark |December 23, 2020 12:13:19 PM
    I didnt get the refund(23/12/2020)... Can anyone reply on this
    745.2. chintuankith |   Link |  Bookmark |January 6, 2021 8:43:15 PM
    dear rohit,

    did ur money got released... mine are still stuck..

    can anyone please help me...m y money in burger king IPO are not released yet...

    I have contacted the bank/link in time/zerodha/kept a mail to NPCI....but no response yet....

    please help me....seniors....

    745.3. All Time High |   Link |  Bookmark |January 7, 2021 8:54:59 AM
    Top Contributor Top Contributor (200+ Posts, 100+ Likes)
    Which bank?
    Mandate expiry date?
    744. Arjun Rajkot |   Link |  Bookmark |December 31, 2020 10:46:41 PM
    IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
    I will see Results for December quarter and Will Buy at 155-65 levels
    743. ipobull |   Link |  Bookmark |December 31, 2020 10:29:41 PM
    IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
    One has to wait pretty long till the Burger King declares positive results. We do not know how long it will take. Thatswhy I exited at 192. Better you play some other good profit making story like Mrs Bectors, the largest subscribed one of 2020 or any buy-back candidate like NIIT or HPCL.
    742. VinayakGalange |   Link |  Bookmark |December 21, 2020 8:06:21 PM
    Still not received refund. What to do?
    742.1. jhoonjhoonwala |   Link |  Bookmark |December 21, 2020 10:33:08 PM
    Leave stocks and save money.
    741. Kamleshdhanuk |   Link |  Bookmark |December 21, 2020 4:06:18 PM
    Burger king se niklne ka yhi sahi time h
    740. Adityasingh |   Link |  Bookmark |December 19, 2020 10:07:18 AM
    Can Anyone help me here..! I was planning to buy BK shares in dips but someone told me that you can't buy or sell shares when it hits LC or else you'll be charged with penalty.
    740.2. ColdBurger |   Link |  Bookmark |December 20, 2020 8:10:30 PM
    IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
    My advice let settle the stock for few weeks. My estimate is for 120 approx till March before fresh earning data is shared. The sunami has passed so don't worry, no such huge up move expected for 3 months It shall play 120-140 range. Just pray that large investor not dump much like ke Thursday. Expecting 10% LC tomorrow. Right now stock holding ratio data is not clear and that is vital for stock stability. Once FI enter the scrip then it can see green again.
    740.3. PatelTrades |   Link |  Bookmark |December 21, 2020 11:59:39 AM
    My personal advice. From your question it seems you are new comer in market. Don't rely on others. If you really want to earn in stock market then learn basics. Stock market is not easy money making field. You'll earn sometimes and at the end it will wiped out your profit + capital.
    For your question, you can buy anything in stock market until seller is available.
    Thank you.
    739. Cautious ipo |   Link |  Bookmark |December 21, 2020 10:23:25 AM
    IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
    Burger king is actual Upper Circuit King seems ..????
    738. ColdBurger |   Link |  Bookmark |December 21, 2020 8:22:13 AM
    IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
    Traded volume higher than bid qty at both nse/bse. What read from this? Any idea?
    737. ipobull |   Link |  Bookmark |December 20, 2020 10:08:39 PM
    IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
    Let this loss making company settle down to a stable stock price. Don't be in a hurry to buy.
    736. ColdBurger |   Link |  Bookmark |December 20, 2020 7:30:38 PM
    IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
    "When the market reopened trades in Burger King stock at 2 pm, Business Insider learns that 15 million shares were dumped at once in the market and there were not enough buyers for that kind of volume."

    This is what read reason behind UC to LC in 10 minute and large investor had might have done this. Now I am in search of gyan about how operaters spoil the game.
    736.1. Cautious ipo |   Link |  Bookmark |December 20, 2020 8:19:26 PM
    IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
    Operators does know that 3 continues upper circuit of 20% enough for sebi to order trade to trade of 5% for any loss making they dumped timely and exit at upper circuit of 10% trapping poor retailers
    735. amit K singh |   Link |  Bookmark |December 18, 2020 9:31:14 AM
    IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
    Burger King is pure operator's game. Don't get into these these kind of stocks. Many operators are here in this forum in disguise.. be cautious...
    735.1. SivaMDU |   Link |  Bookmark |December 18, 2020 9:28:34 PM
    True Amitji. Plenty of new faces are surfacing and advices are coming out.. Even if someone wants to invest in BK, better to wait for a month for price stabilisation and Q3 results..
    735.2. ColdBurger |   Link |  Bookmark |December 20, 2020 7:33:51 PM
    IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
    When the market reopened trades in Burger King stock at 2 pm, Business Insider learns that 15 million shares were dumped at once in the market and there were not enough buyers for that kind of volume.
    --- Courtesy business insider
    734. German |   Link |  Bookmark |December 20, 2020 1:00:32 PM (200+ Posts)
    Dear ChemCho Aniketiaf , Septa sir

    Could you please provide an entry point in this stock as per your analysis.

    All experts are most welcome to share their views considering market at all time high and may be we all are smelling some correction in market.

    Thank you
    733. ipobull |   Link |  Bookmark |December 19, 2020 9:32:44 PM
    IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
    Customers ate Burgers and are now running away from the store.
    733.1. Vibhor Saxena |   Link |  Bookmark |December 20, 2020 2:19:14 AM
    IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
    Without dumping trash in the dustbin ????
    732. ColdBurger |   Link |  Bookmark |December 20, 2020 12:54:39 AM
    IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
    I have few questions as I learn about stock market. Hope experts can spare some time answering.

    On 17 Dec nse/bse combined there were almost 1 crore qty order approx at UC price level. It was almost same till 12:45 as my order executed at 12:47 @bse. Even that time NSE had UC locked and bse to went to UC for sometime after my order passed and I stopped tracking and went about my office work.

    Now my questions:
    1) Were all 1 crore order passed that day ? Then there would be large number of people suffering like me.
    2) Or those order were cancelled abruptly, that can be done by big hands only at moment's notice.
    3) If the traded qty was high and retail investors were not much in play meaning big hands were deliberately buying and selling at UC just to give false impression of UC, but why will they do if they are not making money?

    My question may not be correct, bottom line is I want to lean how operators manipulate stock and what was the case of BK on 17th. If delivery qty was high then it has burnt big holes to whoever bought it

    Based on data from
    On 17th the traded volume 35697.2k, delivery volume      17263.6k and delivery was48.4%.
    On 18th traded volume 5388.0k, delivery volume 3352.2k and delivery was      62.2%. Traded volume reduced by 80% but delivery has increased significantly.

    What all this means? Which direction the stock is going? Less trade means people are holding shares to sell on higher price?
    731. G b |   Link |  Bookmark |December 19, 2020 2:59:46 PM
    Burger king price in usa is 62 dollar. Can it do well in long run in india ?