IPO of Burger King opens from 2 Dec 2020. Price band of issue is 59-60. The fresh issue has an offer for sale of 135,000,000 equity share of face value 10 aggregating upto a 810 Cr.
IPO Registrar
Link Intime India Private Ltd
C-101, 1st floor, 247 Park, LBS Marg, Vikroli (West) Mumbai 400 083.
email – burgerking.ipo@linkintime.co.in
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Contact Person – Shanti Gopalkrishanan
Burger King IPO Time Line
| Issue Open Date | 2 Dec 2020 |
| Issue Close Date | 04 Dec 2020 |
| Basis of Allotment | 09 Dec 2020 |
| Initiation of Refund | 10 Dec 2020 |
| Credit of Shares in DP | 11 Dec 2020 |
| Burger King IPO Share Listing Date | 14 Dec 2020 |
About Company:
Founded in 1954, Burger King is a second largest fast food hamburger chain in the world with around 18000 restaurants operating in more than 100 countries.
Burger King is already a 261 restaurants across 57 cities. Outlets can be found at strategically handpicked locations such as metro stations and key shopping-dining hotspots. Burger King plans to open another 700 restaurants approximately Dec 2026
Burger King – Financial Performance
| FY 2018 | FY 2019 | FY 2020 | FY 2021 – H1 | |
| Revenue | 388.7 Cr | 644.1 Cr | 846.8 Cr | 151.7 Cr |
| Expenses | 471 Cr | 682.4 Cr | 919 Cr | 268.5 Cr |
| Net Income | -81.4 Cr | -38.6 Cr | -77.6 Cr | -119 Cr |
| Net Margin | -20.9 | -6.0 | -9.2 | -78.4 |
The Offer comprises of a Fresh Issue and an Offer for Sale
Offer for Sale
The Promoter Selling Shareholder will be entitled to the proceeds of the Offer for Sale net of its proportion of Offer related expenses. Company will not receive any proceeds from the Offer for Sale. Except for listing fees which shall be solely borne by our Company.
Fresh Issue
The Net Proceeds from the Fresh Issue are proposed to be utilised in the following manner:
1. Funding roll out of new Company-owned Burger King Restaurants by way of:
(i) Repayment or prepayment of outstanding borrowings of our Company obtained for setting up of new Company-owned Burger King Restaurants; and
(ii) Capital expenditure incurred for setting up of new Company-owned Burger King Restaurants.
2. General corporate purposes.
In addition to the aforementioned objects, Company intends to strengthen its capital base and expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, including among other things, enhancing the visibility of brand and creation of a public market for Equity Shares in India.
Burger King IPO Details
| Issue Open Date | 02 Dec 2020 |
| Issue Close Date | 04 Dec 2020 |
| Issue Price Band | 59-60 |
| Minimum Application Size | 250 equity share |
| Maximum Application Size | 3250 equity share (Rs. 195,000) |
| Face Value | Rs 10 |
| Listing On | NSE & BSE |
Burger King IPO GMP
GMP – Rs. 30-35
Kostak – Rs. 350
