Burger King India Limited IPO Message Board (Page 36)

GMP Burger....
26-27 # Rajkot.


Market Pandits are Estimating
QIB to fetch 50X
HNI to fetch 185--225X

should we apply with full force in this IPO ?

Market runs on future valuations. Every body is talking about FY22, FY25 level. Burger King IPO though a loss making company is running on the theme of next 2-3 years valuation. Forget about past performance of loss making financial. Apply, but allotment will be difficult as only 10% quota for retail.
Just remember 2 days old OFS of Ingerssol rand, QIB got it at 606.25/share but despite 12% discount to retail, due to aggressiveness of retail demand retail share with discount allotted at Rs 630. So the story is retail shareholders has different valuation of companies.

Apply !!!!

Allotment will be tough but listing n performance will be stellar!!!

Reiterate

Apply !!!!!!!

N HOLD!!!!!!!

Septa Ji
Gamble Ji
King Vinod Ji

Hope to see all of them again on Forum..

Has railtel been cancelled or will it now come on 8-10?

It will be replaced by IRFC ( Indian Rail Finance Corporation ) soon after BK

upon perusal of the RHP dated November 25, 2020 (339 pages):

Burger King India IPO – Schedule *(RHP Page #308)*

26th Nov – Announcement of Price Band
01st Dec – Anchor Investors Allotment
02nd Dec – Offer Opens
04th Dec – Offer Closes
09th Dec – Finalisation of Basis of Allotment
10th Dec – Unblocking of ASBA Accounts
11th Dec – Credit of Equity Shares to Depository Accounts
14th Dec – Commencement of Trading

Burger King India IPO – Issue Information *(FINAL)*

Issue Opens on: 02 December 2020
Issue Closes on: 04 December 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,50,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.59 – Rs.60 per Share
Discount: NIL
Market Lot: 250 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 30,66,54,605 Shares
Fresh Issue of Shares 7,50,00,000 @60/- = Rs.450Crs
Offer for Sale of 6,00,00,000 Shares @60/- = Rs.360Crs
Equity Shares outstanding after the Issue = 38,16,54,605 Shares

Category-wise Break up:
Anchor – 6,07,50,000 Shares = 364.50Crs
QIB – 4,05,00,000 Shares = 243.00Crs
NII – 2,02,50,000 Shares = 121.50Crs
RII – 1,35,00,000 Shares = 81.00Crs (Lot size: 250 = 54,000 Forms)
Total Issue – 13,50,00,000 Shares = 810.00Crs.

Subscription required for 1X
RII = 54,000 Forms
NII = 121.50 Crs

Burger King India IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus dated November 2, 2019 (320 pages)
2) RHP = Red Herring Prospectus dated November 25, 2020 (339 pages)

EPS for FY16-17 >>> Rs.(04.87) (Page #77 of DRHP)
EPS for FY17-18 >>> Rs.(03.10) (Page #85 of RHP)
EPS for FY18-19 >>> Rs.(01.44) (Page #85 of RHP)
EPS for FY19-20 >>> Rs.(02.87) (Page #85 of RHP)
EPS for H120-21 >>> Rs.(04.14) (Page #85 of RHP)

RoNW for FY16-17 >>> (19.55)% (Page #78 of DRHP)
RoNW for FY17-18 >>> (28.64)% (Page #86 of RHP)
RoNW for FY18-19 >>> (15.33)% (Page #86 of RHP)
RoNW for FY19-20 >>> (27.80)% (Page #86 of RHP)
RoNW for H120-21 >>> (54.34)% (Page #86 of RHP)

NAV as on September 30, 2020 was Rs.7.62 (Page #86 of RHP)

Listed Industry Peer Group (Page #86 of RHP): Jubilant Foodworks, Westlife Development

Everything negative about this ipo. Dont know how to analyse this and arrive at satisfiactory Value of share.

RHP Link

https://cdn1.edelweissfin.com/wp-content/uploads/2020/11/Burger-King-Limited-Red-Herring-Prospectus.pdf

Burger King ???? IPO
Opens : 2nd Dec 2020
Closes : 4th Dec 2020

????????

I think they will file RHP tomorrow. If the dates are 2nd Dec to 4th Dec

WHAT ABOUT RAIL TEL IPO-IT WAS GOING TO OPEN FROM 2/12-4/12.

form subject too 6000 rs

It is going on schedule or will it be delayed.

This post is not related to BK IPO
-------------------------------
Tomorrow is OFS of Ingersoll Rand (India) Ltd.for retail investors.Floor price is fixed at 578.6 per share. There is additional discount of 12% for retail investors. I am finding it attractive. Experts please advise, should we participate in this OFS ?

@NforNandKishore

Thanks Brother ????????
Yes I Sold in Pre-opening:)

Sir wh is the retail subscription status?

GMP 22 - 23 Low Volume

Burger GMP Down due to Uncertainty of IPO Detail

GMP 17 18

Why final date and price is not declared.
Any reason..

GMP 23 Burger King @ Rajkot.....

Few Kolkata Cartels are Interested in King IPO.
Grey will make its direction after Meeting of Brokers in Mumbai and kolkata

primum 20/21

Even Jain Brokers and HNI are avoiding Due to Non veg Serving at Stores.
Jain people says They will Avoid due to Principles and Happy to Give miss.

Sometimes Not Earning is Better than Ethics...

Hence Many Retail Brokers and HNIs are going to give a miss.

HNI < 25000 CR>>>

Burger King
IPO Opening on 2 December

Price 59-60 Lot 250
Issue Size 810 CR

Pre IPO done to Amansa at 60 worth 92 CR.


GMPs
Burger 23 Buyer at Rajkot Association


Admin:

Remove Railtel IPO Page IPO defers by Management as no demand for Company

Thank you ????

Railtel as expected,,, stagnant growth company no one will take intrest + psu + asking price was not attractive...

Thank you Arjun for the update, another psu Railtel missed the ipo train...

Burger King India IPO – Schedule *(Tentative)*

26th Nov – Announcement of Price Band
01st Dec – Anchor Investors Allotment
02nd Dec – Offer Opens
04th Dec – Offer Closes
09th Dec – Finalisation of Basis of Allotment
10th Dec – Unblocking of ASBA Accounts
11th Dec – Credit of Equity Shares to Depository Accounts
14th Dec – Commencement of Trading


Burger King India IPO – Issue Information *(Tentative)*

Issue Opens on: 02 December 2020
Issue Closes on: 04 December 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,50,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.59 – Rs.60 per Share *(Tentative)*
Discount: NIL
Market Lot: 250 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 29,09,41,785 Shares
Fresh Issue of Shares 9,03,20,000 @60/- = Rs.541.92Crs
Offer for Sale of 6,00,00,000 Shares @60/- = Rs.360.00Crs
Less: Pre-IPO Placement of (1,53,20,000) Shares @60/- = Rs.(91.92)Crs
Equity Shares outstanding after the Issue = 13,50,00,000 Shares

Category-wise Break up:
Anchor – 6,07,50,000 Shares = 364.50Crs
QIB – 4,05,00,000 Shares = 243.00Crs
NII – 2,02,50,000 Shares = 121.50Crs
RII – 1,35,00,000 Shares = 81.00Crs (Lot size: 250 = 54,000 Forms)
Total Issue – 13,50,00,000 Shares = 810.00Crs.

Subscription required for 1X
RII = 54,000 Forms
NII = 121.50 Crs


Burger King India IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus dated November 2, 2019 (320 pages)

EPS for FY16-17 >>> Rs.(04.87) (Page #77 of DRHP)
EPS for FY17-18 >>> Rs.(03.10) (Page #77 of DRHP)
EPS for FY18-19 >>> Rs.(01.44) (Page #77 of DRHP)
EPS for Q119-20 >>> Rs.(00.07) (Page #77 of DRHP)

RoNW for FY16-17 >>> (19.55)% (Page #78 of DRHP)
RoNW for FY17-18 >>> (28.64)% (Page #78 of DRHP)
RoNW for FY18-19 >>> (15.33)% (Page #78 of DRHP)
RoNW for FY19-20 >>> (00.71)% (Page #78 of DRHP)

NAV as on June 30, 2019 was Rs.9.30 (Page #78 of DRHP)

Listed Industry Peer Group (Page #87 of DRHP): Jubilant Foodworks, Westlife Development

Burger King India IPO – *Market’s Current Estimates of oversubscription*:

NII = 35K Crs. = ~288.07X
RII = 18L Forms = 33.33X Applic. wise (Avg allotment of ~7.50 shares per lot)

Interest cost *@7.00%p.a.* for 7days = 8.05paise for 1X

Thus, for NII the costing = 288.07 X 8.05paise = Rs.23.20 per share (= GMP)

And, for RII the costing = 7.50 X 23.20 = Rs.174/- (= Kostak)


Burger King India IPO – *GMP Estimated*
GMP 23 +/- 1
Kostak 170 +/- 10

Gmp of burger king is 14 to 16 rs..