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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
| 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) |
The net proceed from the IPO will be used towards following purposes;
| 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 Size | 135,000,000 shares of ₹10 (aggregating up to ₹810.00 Cr) |
| Fresh Issue | 75,000,000 shares of ₹10 (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 60,000,000 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 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 |
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 |
| Pre Issue Share Holding | 99.39% |
| Post Issue Share Holding | 60.08% |
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 Recommendation by Members Burger King IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
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
| Category | Subscription (times) |
|---|---|
| QIB | 86.64 |
| NII | 354.11 |
| Retail | 68.15 |
| Total | 156.65 |
| 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 |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: burgerking.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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
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.
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