Burger King India IPO is India’s fastest growing quick service restaurant chains and is all set to make a debut in the stock market with an issue size of 810 Cr.
Burger King India IPO– Overview
| BURGER KING INDIA IPO Issue Date | 2-4 December 2020 |
| BURGER KING INDIA IPO Opening Date | 2 Dec 2020 |
| BURGER KING INDIA IPO Face Value | INR 10 per share |
| BURGER KING INDIA IPO Price | INR 60 per share |
| BURGER KING INDIA IPO Lot Size | 250 Shares |
| Issue Size | 810 Cr |
| Offer for sale | 360 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE. |
| QIB Shares Offered | 86.64 times |
| NII (HNI) Shares | 354.11 times |
| Company Promoters | QSR Asia Pte. Ltd is the promoter of the company. |
Burger King India IPO -Tentative Dates
| BURGER KING INDIA IPO opening date | 2 Dec 2020 |
| BURGER KING INDIA IPO closing date | 4 Dec 2020 |
| Basis of Allotment | 9 Dec 2020 |
| Initiation of Refunds | 10 Dec 2020 |
| The credit of Shares to Demat | 11 Dec 2020 |
| BURGER KING INDIA IPO Listing Date | 14 Dec 2020 |
Industry Overview.
The organized food services market in India (chain and standalone outlets, excluding restaurants in hotels) was estimated at ₹1,446 billion in Fiscal 2019 and is projected to grow at a CAGR of 17% to ₹3,191 billion by Fiscal 2024, and is expected to increase its share of the total market from 35% in Fiscal 2019 to 47% by Fiscal 2024.
Company Overview
It is one of the fastest-growing international quick-service restaurant (QSR) chains in India during the initial five years of its operations based on the number of outlets.
It is the national master franchisee of the BK brand in India. Hence, the company has exclusive rights to develop, establish, operate, and franchise branded restaurants in India.
The global brand was founded in the US in 1954 and owned by BK Corporation, a subsidiary of Restaurant Brands Inc. It is the second-largest fast-food burger brand globally with a global network of more than 18000 restaurants in more than 100 countries.
Objectives Of The Issue
- To finance the roll-out of the new company-owned by BK Restaurants.
- To meet the general corporate purposes.
Financial Statements
| Particulars | 30-Sept-20 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 11,771.18 | 11,977.07 | 9,204.72 |
| Total Revenue | 1,516.54 | 8,468.29 | 6,441.30 |
| Profit After Tax | 1,189.46 | 765.70 | 382.79 |
Strengths
- Strong customer value preposition.
- Exclusive franchise rights in India.
- Brand value and customer loyalty.
- Vertically scalable supply chain.
- Experienced and professional management team.
Weakness
- The demand for Burger King’s products may decrease due to changes in consumer preferences and food habits, which could have a material adverse effect on its business, results of operations, and financial condition.
- Any deterioration in the performance of, or relationships with, third-party delivery aggregators may adversely affect the company’s business, results of operations, and financial condition.
Company Contact Information
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/
Burger King IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: burgerking.ipo@linkintime.co.in
Website: https://linkintime.co.in/
