IPO Burger King India Ltd

IPO

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.  

Burger King IPO Time Line

Issue Open Date 02 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

IPO Registrar

Link Intime India Pvt Ltd

C-101, 1st floor, 247 Park, LBS Marg,

Vikroli (West) Mumbai 400 083.

email – burgerking.ipo@linkintime.co.in

Contact Person – Shanti Gopalkrishanan

Allotment Link for Burger King

 

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 2018FY 2019FY 2020FY 2021 – H1
Revenue388.7 Cr644.1 Cr846.8 Cr151.7 Cr
Expenses471 Cr682.4 Cr919 Cr268.5 Cr
Net Income-81.4 Cr-38.6 Cr-77.6 Cr-119 Cr
Net Margin-20.9-6.0-9.2-78.4

Object of Burger King Issue

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 Date02 Dec 2020
Issue Close Date04 Dec 2020
Issue Price Band59-60
Minimum Application Size250 equity share
Maximum Application Size3250 equity share (Rs. 195,000)
Face ValueRs. 10
Listing OnNSE & BSE

Burger King IPO GMP

GMP – Rs. 30-35

Kostak – Rs. 350