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Burger King India Limited IPO (Burger King IPO) Detail

Dec 2, 2020 - Dec 4, 2020

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:

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

    Burger King IPO Date Dec 2, 2020 to Dec 4, 2020
    Burger King IPO Face Value ₹10 per share
    Burger King IPO Price ₹59 to ₹60 per share
    Burger King IPO Lot Size 250 Shares
    Issue Size135,000,000 shares of ₹10
    (aggregating up to ₹810.00 Cr)
    Fresh Issue75,000,000 shares of ₹10
    (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
    Company Promoters

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

    Burger King IPO Timeline (Tentative Timetable)

    Burger King IPO opens on Dec 2, 2020, and closes on Dec 4, 2020. The Burger King IPO bid date is from Dec 2, 2020 10.00 A.M. to Dec 4, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

    Event Date
    Burger King IPO Opening Date Dec 2, 2020
    Burger King IPO Closing Date Dec 4, 2020
    Basis of Allotment Dec 9, 2020
    Initiation of Refunds Dec 10, 2020
    Credit of Shares to Demat Dec 11, 2020
    Burger King IPO Listing Date Dec 14, 2020

    Burger King IPO Lot Size

    The Burger King IPO lot size is 250 shares. A retail-individual investor can apply for up to 13 lots (3250 shares or ₹195,000).

    Application Lots Shares Amount
    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%

    Burger King IPO Review

    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...

    New Burger King IPO Recommendation by Members

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    Burger King IPO Subscription Status (Bidding Detail)

    The Burger King IPO is subscribed 156.65 times on Dec 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)
    QIB86.64
    NII354.11
    Retail68.15
    Total156.65

    Burger King IPO Prospectus

    Burger King IPO Rating

    2957
    4.0
    Rating:Rated 4.0 stars
    Vote Here ...

    Burger King IPO Listing Date

    Listing Date Monday, December 14, 2020
    BSE Script Code 543248
    NSE Symbol BURGERKING
    Listing In B Group of Securities
    ISIN INE07T201019
    IPO Price ₹60 per share
    Face Value ₹10 per share

    Listing Day Trading Information

    .
    IPO Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹60.00
    ₹115.35
    ₹108.40
    ₹138.40
    ₹138.40
    NSE
    ₹60.00
    ₹112.50
    ₹108.40
    ₹135.00
    ₹135.00

    Company Contact Information

    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
    Email: investor@burgerking.in
    Website: https://www.burgerking.in/

    Burger King IPO Registrar

    Link Intime India Private Ltd

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

    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 Dec 2, 2020, and closes on Dec 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 Dec 2, 2020 and closes on Dec 4, 2020.

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

    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.

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

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

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    1914 Comments

    750. Shreyas Mabian |   Link |Feb 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 |Feb 22, 2021 9:09:05 PM
    IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Jan 26, 2021 8:42:49 PM
    Buy @130 next target 180 and then 250
    748. ARVIND BANSAL |   Link |Jan 25, 2021 12:32:12 PM
    subscription please
    747. Dilshad Mansuri |   Link |Jan 20, 2021 11:04:08 PM
    Hy
    746. ColdBurger |   Link |Jan 16, 2021 10:34:22 AM
    IPO Mentor IPO Mentor (700+ Posts, 200+ 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 |Dec 23, 2020 12:13:19 PM
    I didnt get the refund(23/12/2020)... Can anyone reply on this
    745.2. chintuankith |   Link |Jan 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....

    thanks
    745.3. All Time High |   Link |Jan 7, 2021 8:54:59 AM
    Top Contributor Top Contributor (200+ Posts)
    @chintuankith
    Which bank?
    Mandate expiry date?
    744. Arjun Rajkot |   Link |Dec 31, 2020 10:46:41 PM
    Top Contributor Top Contributor (400+ Posts, 800+ Likes)
    Burger
    I will see Results for December quarter and Will Buy at 155-65 levels
    743. ipobull |   Link |Dec 31, 2020 10:29:41 PM
    IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Dec 21, 2020 8:06:21 PM
    Still not received refund. What to do?
    742.1. jhoonjhoonwala |   Link |Dec 21, 2020 10:33:08 PM
    Leave stocks and save money.
    741. Kamleshdhanuk |   Link |Dec 21, 2020 4:06:18 PM
    Burger king se niklne ka yhi sahi time h
    740. Adityasingh |   Link |Dec 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 |Dec 20, 2020 8:10:30 PM
    IPO Mentor IPO Mentor (700+ Posts, 200+ 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 |Dec 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 |Dec 21, 2020 10:23:25 AM
    IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
    Burger king is actual Upper Circuit King seems ..????
    738. ColdBurger |   Link |Dec 21, 2020 8:22:13 AM
    IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
    Traded volume higher than bid qty at both nse/bse. What read from this? Any idea?
    737. ipobull |   Link |Dec 20, 2020 10:08:39 PM
    IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
    Let this loss making company settle down to a stable stock price. Don't be in a hurry to buy.
    736. ColdBurger |   Link |Dec 20, 2020 7:30:38 PM
    IPO Mentor IPO Mentor (700+ Posts, 200+ 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 |Dec 20, 2020 8:19:26 PM
    IPO Guru IPO Guru (1500+ Posts, 900+ 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 company...so they dumped timely and exit at upper circuit of 10% trapping poor retailers
    735. amit K singh |   Link |Dec 18, 2020 9:31:14 AM
    IPO Mentor IPO Mentor (900+ Posts, 1500+ 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 |Dec 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 |Dec 20, 2020 7:33:51 PM
    IPO Mentor IPO Mentor (700+ Posts, 200+ 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 |Dec 20, 2020 1:00:32 PM
    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 |Dec 19, 2020 9:32:44 PM
    IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
    Customers ate Burgers and are now running away from the store.
    733.1. Vibhor Saxena |   Link |Dec 20, 2020 2:19:14 AM
    IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
    Without dumping trash in the dustbin ????
    732. ColdBurger |   Link |Dec 20, 2020 12:54:39 AM
    IPO Mentor IPO Mentor (700+ Posts, 200+ 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 trendlyne.com:
    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 |Dec 19, 2020 2:59:46 PM
    Burger king price in usa is 62 dollar. Can it do well in long run in india ?