Burger King India Limited IPO Message Board (Page 37)

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Thanks Eagleye. This is really an eye opener and enlightening the fact that burger king is a restaurant chain and not home delivery buisness. Definitely this can't be compared with Jubilant Food and will have to be valued accordingly.

But most probably this fact will get secondary importance for people applying in this IPO. It will command GMP in same way and it will list also with great premium but will not sustain in this scenario of restaurant business.

So better to apply in this IPO for listing gain only.

Madam,
Jubilant foods is both Dine in and home delivery format. During covid only home delivery format was running.

@EE madam,
I am unable to understand the following allotment in your post

"Less: Pre-IPO Placement of (1,53,20,000) Shares @60/- = Rs.(91.92)Crs"
To whom this shares will be allotted. Is it anchor placement or something else?

Read below from addendum to DRHP document.

The placement of such number of Equity Shares for cash consideration aggregating up to Rs 1,500 million which may be undertaken by our Company, in consultation with the BRLMs, at its discretion in favour of such investors as permissible under applicable laws, to be completed prior to filing the Red Herring Prospectus with the RoC and the details of which, if completed, will be included in the Red Herring Prospectus In this regard, our Company has, undertaken a Pre-IPO Placement by way of a rights issue of 1,32,00,000 Equity Shares to our Promoter Selling Shareholder for cash at a price of Rs 44 per Equity Share aggregating to Rs 580.80 millionpursuant to the resolution of the Board dated May 23, 2020. Our Company may consider undertaking a Pre-IPO Placement of the balance amount of up to Rs 919.20 million, at its discretion, prior to filing of the Red Herring Prospectus with the RoC. Thenumber of Equity Shares issued pursuant to the Pre-IPO Placement has been and will be reduced from the Fresh Issue, subject to the Offer size satisfying the minimum issue size requirements under the SCRR.

Rs 58.08 crs pre ipo placement already done at price of Rs 44 per share on 23may20...

There will be more Rs 91.92 CR pre ipo placement will be done may be at price Rs 60 per share..

@krishna sir
Loss making company+
Chor promoters

Pahle to fresh issue kia promoters ko@44, after 6 months ofs of same shares@60 . Humlogo ko pura donkey ???? banane k liye IPO la raha hai burger King