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Burger King IPO is a book built issue of Rs 810.00 crores. The issue is a combination of fresh issue of 7.5 crore shares aggregating to Rs 450.00 crores and offer for sale of 6 crore shares aggregating to Rs 360.00 crores.
Burger King IPO bidding started from December 2, 2020 and ended on December 4, 2020. The allotment for Burger King IPO was finalized on Wednesday, December 9, 2020. The shares got listed on BSE, NSE on December 14, 2020.
Burger King IPO price band is set at ₹59 to ₹60 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Clsa India Private Limited, Edelweiss Financial Services Ltd, Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Burger King IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Burger King IPO RHP for detailed information.
| IPO Date | December 2, 2020 to December 4, 2020 |
| Listing Date | December 14, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹60 per share |
| Lot Size | 250 Shares |
| Total Issue Size | 135,000,000 shares (aggregating up to ₹810.00 Cr) |
| Fresh Issue | 75,000,000 shares (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 60,000,000 shares of ₹10 (aggregating up to ₹360.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 306,654,605 |
| Share holding post issue | 381,654,605 |
Burger King IPO offers 74,491,524 shares. 40,423,729 (54.27%) to QIB, 20,440,677 (27.44%) to NII, 13,627,118 (18.29%) to RII. 54,508 RIIs will receive minimum 250 shares and (sNII) and (bNII) will receive minimum 3,500 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 40,423,729 (54.27%) | NA |
| NII (HNI) Shares Offered | 20,440,677 (27.44%) | |
| Retail Shares Offered | 13,627,118 (18.29%) | 54,508 |
| Total Shares Offered | 74,491,524 (100%) |
Burger King IPO opens on December 2, 2020, and closes on December 4, 2020.
| IPO Open Date | Wednesday, December 2, 2020 |
| IPO Close Date | Friday, December 4, 2020 |
| Basis of Allotment | Wednesday, December 9, 2020 |
| Initiation of Refunds | Thursday, December 10, 2020 |
| Credit of Shares to Demat | Friday, December 11, 2020 |
| Listing Date | Monday, December 14, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 4, 2020 |
Investors can bid for a minimum of 250 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹15,000 |
| Retail (Max) | 13 | 3250 | ₹195,000 |
| Lot Size Calculator | |||
QSR Asia Pte. Ltd is the promoter of the company.
| Share Holding Pre Issue | 99.39% |
| Share Holding Post Issue | 60.08% |
Burger King is the India's fastest growing quick service restaurant chains. It is the second largest fast food burger brand with having 216 Burger-King restaurants and 8 Sub-Franchised Burger King restaurants.
It has an exclusive right to establish, develop, and operate Burger King branded restaurants in India. It aims to cater to the Indian tastes and preferences through adding new food offerings to its product portfolio. Company establishes its branches in high traffic areas in key metropolitan areas and cities across the country.
Competitive strengths
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 11,771.18 | 11,977.07 | 9,204.72 | 7,303.55 |
| Total Revenue | 1,516.54 | 8,468.29 | 6,441.30 | 3,887.37 |
| Profit After Tax | (1,189.46) | (765.70) | (382.79) | (822.32) |
The net proceed from the IPO will be used towards following purposes;
[Dilip Davda] Burger King met with fancy among younger generation that helped the company for speedy expansion of its footprint. But in the current situation of COVID-19 pandemic and changing lifestyle habits and shifting preference with rising awareness of immunity diet, Burger King will find it difficult to maintain the progress made in the last five fiscals. Company has huge carried forward losses that are represented in its NAV of Rs. 7.62 (against face value of Rs. 10) as on September 30, 2020. Thus issue appears aggressively priced. Due to its carried forward losses, BKIL has reserved 75% quota for QIBs and they may support the issue for smooth sailing. Extended gestation period may take long to wipe out accumulated losses. The segment is crowded with many organized/unorganized players and posing tough competition. Once normalcy restores, BKIL may achieve the targeted plans. Considering all these, cash surplus, risk savvy investors may consider investing in this issue with a long term perspective. Read detail review...
The Burger King IPO is subscribed 156.65 times on December 4, 2020 5:00:08 PM. The public issue subscribed 68.15 times in the retail category, 86.64 times in the QIB category, and 354.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 2415797 times
| Category | Subscription (times) |
|---|---|
| QIB | 86.64 |
| NII | 354.11 |
| Retail | 68.15 |
| Total | 156.65 |
| Listing Date | December 14, 2020 |
| BSE Script Code | 543248 |
| NSE Symbol | RBA |
| ISIN | INE07T201019 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹60.00 |
| ₹115.35 |
| ₹108.40 |
| ₹138.40 |
| ₹138.40 |
| NSE |
|---|
| ₹60.00 |
| ₹112.50 |
| ₹108.40 |
| ₹135.00 |
| ₹135.00 |
Burger King India Limited
Unit Nos.1003 to 1007,10thFloor, Mittal Commercia,
Asan Pada Rd, Chimatpada, Marol, Andheri (E),
Mumbai, Maharashtra, 400 059
Phone: +91 2271933047
Email: investor@burgerking.in
Website: https://www.burgerking.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: burgerking.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Burger King IPO is a main-board IPO of 135,000,000 equity shares of the face value of ₹10 aggregating up to ₹810.00 Crores. The issue is priced at ₹59 to ₹60 per share. The minimum order quantity is 250 Shares.
The IPO opens on December 2, 2020, and closes on December 4, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Burger King IPO using UPI as a payment gateway. Zerodha customers can apply in Burger King IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Burger King IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Burger King IPO opens on December 2, 2020 and closes on December 4, 2020.
Burger King IPO lot size is 250 Shares, and the minimum amount required is ₹15,000.
You can apply in Burger King IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Burger King IPO will be done on Wednesday, December 9, 2020, and the allotted shares will be credited to your demat account by Friday, December 11, 2020. Check the Burger King IPO allotment status.
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