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Dec 3, 2020 · Burger King IPO was a book built issue of Rs 810 crores that closed on December 4, 2020. It was the second largest fast food burger brand in India with 216 company-owned and 8 sub-franchised restaurants.
- Subscription
Burger King IPO is a public issue of 74,491,524 equity...
- Subscription
Dec 15, 2020 · Continuing the momentum of IPO’s being launched in India, Burger King India Limited’s IPO was open for subscription between December 2 and 4, 2020. Burger King ‘s shares were listed on the bourses on December 14. The company’s stock price ended 125% higher at Rs 135 per share on the first day of its listing. It listed at a premium of 92%.
- December 02, 2020 to December 04, 2020
- Book Built Issue IPO
Dec 13, 2020 · Burger King India, the subsidiary of US-based quick service restaurant chain Burger King, will debut on bourses on December 14 after receiving a strong response to its initial public offering....
- About IPO. The public issue consists of a fresh issue of Rs 450 crore and an offer for sale of 6 crore equity shares by promoter QSR Asia. The fresh issue size was reduced to Rs 450 crore from Rs 600 crore earlier as company has undertaken a Pre-IPO placement by way of rights issue of Rs 58.08 crore to promoter selling shareholder at Rs 44 per equity share and preferential allotment of Rs 91.92 crore to Amansa Investments at a price of Rs 58.50 per share.
- IPO Price Band. The company in consultation with merchant bankers has fixed IPO price band at Rs 59-60 per share, which is 5.9-6 times of its face value of equity shares.
- Total Fund Raising. Burger King targets to raise Rs 804 crore at lower price band and Rs 810 crore at higher price band.
- Objects of Issue. The company will utilise net fresh issue proceeds for funding roll out of owned Burger King Restaurants by way of repayment or prepayment of outstanding borrowings obtained for setting up of new owned Burger King Restaurants (Rs 165 crore) and capital expenditure incurred for setting up of new owned Burger King Restaurants (Rs 177 crore), and general corporate purposes.
Nov 29, 2020 · Synopsis. The company intends to use the proceeds on rolling out of new company-owned Burger King restaurants and repayment or prepayment of outstanding borrowings. Burger King India's IPO opens on December 02.
Nov 27, 2020 · NEW DELHI: Burger King India is all set to open its initial public offer (IPO) on Wednesday, December 2 next week. The Rs 810 crore offer would comprise of Rs 450 crore of fresh issue and offer for sale of up to 6 crore equity shares by promoter QSR Asia and would be sold in Rs 59-60 price range.
Burger King IPO is a public issue of 74,491,524 equity shares. The issue offers 13,627,118 shares to retail investors, 40,423,729 shares to qualified institutional buyers, and 20,440,677 shares to non-institutional investors.
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