Burger King was incorporated in India in the year 2013 as a private limited company. It was then subsequently converted to a public limited company in the year 2019.
Their first ever restaurant in India was opened in November, 2014. And since then, the company has grown tremendously and now owns around 202 restaurants across 47 cities in India as of 30 June, 2019.
Burger King is one of the fastest growing international 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.
Their master franchisee arrangement provides them with the ability to use Burger King’s globally recognised brand name to grow their business in India, while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.
The Burger King IPO date has not been announced as of yet. However, the Burger King IPO may open up to the public for subscription sometime during the second half of the current financial year.
Competitive Strengths
- Exclusive national master franchise rights in India.
- Strong customer proposition.
- Brand positioned for millennials 109.
- Vertically managed and scalable supply chain.
- Operational quality, a people-centric operating culture and effective technology systems.
- Well defined restaurant roll out and development process.
- Experienced, passionate and professional management team.
Company Financials
| For the year/period ended (₹ in Million) | |||
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 9,204.72 | 7,303.55 | 6,984.63 |
| Total Revenue | 6,441.30 | 3,887.37 | 2,341.33 |
| Total Expense | 6,824.09 | 4,709.69 | 3,059.79 |
| Profit After Tax | (382.79) | (822.32) | (718.46) |
Objects of the Issue
The net proceed from the IPO will be used towards following purposes;
- To finance the roll-out of new company-owned Burger King Restaurants.
- To meet the general corporate purposes.
Burger King IPO Details
| IPO Date | 02 DEC 2020 – 04 DEC 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹ 810 Cr |
| Offer for Sale | 13,50,00,000 Equity Share ₹10 |
| Face Value | ₹10 Per Equity Share |
| IPO Price | [59] to [60] per equity share |
| Market Lot | 250 Shares |
| Min Order Quantity | 250 Shares |
| Listing At | BSE, NSE |
Burger King IPO – Schedule
| Bid/Offer Opens On | 02 DEC 2020 |
| Bid/Offer Closes On | 04 DEC 2020 |
| Finalisation of Basis of Allotment | 09 DEC 2020 |
| Initiation of Refunds | 10 DEC 2020 |
| Credit of Shares to Demat Acct | 11 DEC 2020 |
| IPO Shares Listing Date | 14 DEC 2020 |
Burger King IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 250 | ₹15,000 |
| Maximum | 13 | 3250 | ₹1,95,000 |
Burger King IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Burger King IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Burger King IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Burger King IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
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/ |
