Burger King IPO Details

Burger King India IPOBurger King IPO description – Burger King is one of the fastest growing international QSR (Quick Service Restaurant) chains in India during the first five years of our operations based on number of restaurants. As the national master franchisee of the BURGER KING® brand in India, it has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India.

Since opening its first restaurant in November 2014, the company has used its well defined restaurant roll out and development process with the aim of growing quickly, consistently and efficiently into a pan-India QSR chain and capitalising on the growing market opportunity in India for QSR restaurants. As at 30 June 2019, it had 202 restaurants, including seven Sub-Franchised Burger King Restaurants, across 16 states and union territories and 47 cities across India. The company builds its restaurant network using a cluster approach and penetration strategy. It launches its brand from flagship locations in high traffic and high visibility locations in key metropolitan areas and cities across India and then develops new restaurants within that cluster. This approach helps it to efficiently manage its vertically managed and scalable supply chain and drive down costs.

Promoters of Burger King India – QSR Asia Pte Ltd 
Burger King India IPO details
Subscription Dates 2 – 4 December 2020
Price Band INR59 – 60 per share
Fresh issue INR450 crore
Offer For Sale 60,000,000 shares (INR354 – 360 crore)
Total IPO size INR804 – 810 crore
Minimum bid (lot size) 250 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
Burger King’s financial performance (in INR crore)
  FY2018 FY2019 FY2020 H1 FY2021
Revenue 388.7 644.1 846.8 151.7
Expenses 471.0 682.4 919.0 268.5
Net income -81.4 -38.6 -77.6 -119.0
Net margin (%) -20.9 -6.0 -9.2 -78.4

 

Burger King Contact Details

Burger King India Limited
Unit Nos.1003 to 1007, 10th Floor, Mittal Commercia
Asan Pada Rd, Chimatpada, Marol, Andheri (E), Mumbai 400 059 
Phone: +91 22 7193 3047
Email: [email protected]
Website: www.burgerkingindia.in

Registrar of Burger King IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]
Website: http://www.linkintime.co.in

Valuation of Burger King (as of FY2020)

Earnings Per Share (EPS): -INR2.87
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -27.8%
Net Asset Value (NAV): INR7.62 per share (as of 30 Sep 2020)

Burger King IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 4,04,23,729 0.16 2.71 86.64
NII 2,04,40,677 0.70 3.60 354.11
Retail 1,36,27,118 15.54 37.80 68.14
         
Total 7,44,91,524 3.13 9.37 156.65

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Burger King IPO Allotment Status

Burger King IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Burger King

IPO Opening Date: 2 December 2020
IPO Closing Date: 4 December 2020
Finalisation of Basis of Allotment: 9 December 2020
Initiation of refunds: 10 December 2020
Transfer of shares to demat accounts: 11 December 2020
Listing Date: 14 December 2020
Opening Price on NSE: INR112.5 per share (up 87.5% from IPO price) 
Closing Price on NSE: INR135 per share (up 125% from IPO price)

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