Burger King IPO Review

IPO Status: Closed [2nd Dec 2020 to 4th Dec 2020]

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What is Burger King IPO?

Burger King IPO, a fast-food quick-service restaurant chain IPO is opening date from 2nd Decemberto 4th December. It is a Book Building IPO that price range is Rs.59 - Rs.60 per share and IPO lot size is 250 shares. The face value of Burger King's share is Rs. 10 and the IPO floor price is 5.9 times and the cap price is 6 times the face value. Stay updated with us to know Burger King IPO key dates, IPO lot size, issue price, DRHP, RHP, company overview, strengths, weakness, financials, and more.

  • Incorporated Year: 2013
  • Sector: Fast-Food
  • Website: www.burgerkingindia.in
  • IPO Issue Size: Rs. 810 Crore

About Company - Burger King India Ltd

Burger King India Limited is one of the fastest growing international Quick Service Restaurant (QSR) chain in India. With having the national franchise rights in India, Burger King India Limited aims to establish, develop, and operate the company-owned Burger King restaurant chains in India.

Since its inception in 2014, company has significantly expanded its network through establishing new restaurants. As on 30 June 2019, it has 202 restaurants including 7 Burger King restaurants across 16 states and Union territories and 47 cities across India. Burger King targets high trafficking locations in metropolitan areas and cities to develop new restaurants to attract a large customer base with easy visibility.

Burger King IPO Objective

The key objectives of Burger King IPO is to raise funds for following reasons;

  • To raise capital to roll out new Burger King Restaurants.
  • To finance general corporate purposes.

Burger King IPO Issue break-up

Issue break-up
Category No. of Shares Upper end ₹ in Cr %
QIB 102,203,390-101,250,000 603.00-607.50 75%
NIB 20,440,678-20,250,000 120.60-121.50 15%
Retail 13,627,119-13,500,000 80.40-81.00 10%
Total 136,271,186-135,000,000 804.00- 810.00 100%

Burger King IPO Details

Burger King IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Burger King IPO Details
Burger King Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹810 Crore
Offer for Sale: 60000000 shares at ₹60 each [Aggregating to ₹360 Crore]
Fresh Issue: 75000000 shares at ₹60 each [Aggregating to ₹450 Crore]
Face Value: ₹10 Per Equity Share
IPO Issue Price: ₹59-60
IPO Discount: NA
Market Lot: 250 Shares
Min Retail Qty: 250 shares (1 lot)
Max Retail Qty: 3250 Shares (13 lots)
Promoter Holding Pre IPO: 99.39%
Promoter Holding Post IPO: 60.08%
IPO Listing At: BSE, NSE

Burger King IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 40,423,729 Shares
  • Non-Institutional Investors: 20,440,677 Shares
  • Retail Individual Investor: 13,627,118 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered40,423,72920,440,67713,627,11874,491,524
12nd Dec 2020 17:020.17x0.71x15.54x3.13x
23rd Dec 2020 17:022.70x3.61x37.84x9.38x
34th Dec 2020 17:0286.64x354.11x68.15x156.65x

Burger King Financials for past 3 Years

Past performance and financial results of Burger King.

Burger King financial
Burger King IPO Financials 30-Sep-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹1,177.12 Cr ₹1,197.7.1 Cr ₹920.47 Cr ₹730.36 Cr
Total Income ₹151.65 Cr ₹846.83 Cr ₹644.13 Cr ₹388.74 Cr
Net Profit/Loss ₹(118.95) Cr ₹(76.57) Cr ₹(38.28) Cr ₹(82.24) Cr

Burger King IPO Strengths

  • National Franchise rights in India
  • 216 Burger King Restaurants and 8 Sub-Franchised Burger King Restaurants
  • Strong brand value and customer preposition
  • Passionate, extremely experienced and professional management
  • People-centric culture and good operational quality.

Burger King IPO Threats/Weaknesses

  • Health concerns arising from poor food quality, allergic reactions, and other food related harms may negatively affect business operations.
  • Continuously changing customers food preference and habits may decrease Burger King demand.
  • Unavailability of suitable locations to establish new restaurants.

Burger King IPO Important Dates

In this section we have covered all important dates related to Burger King IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Burger King IPO important dates
IPO Activity Date
IPO Issue Open Date 2nd Dec 2020
IPO Issue Close Date 4th Dec 2020
Basis of Allotment Finalisation Date* 9th Dec 2020
Refunds Initiation* 10th Dec 2020
Credit of Shares to Demat Account* 11th Dec 2020
IPO Listing Date* 14th Dec 2020

* - Tentative Dates

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  NRI Form ⇒

Burger King IPO DRHP >>Document

Burger King IPO RHP >>Document

Burger King IPO Allotment Status >>Link

Company Address

Burger King India Limited
Unit Nos.1003 to 1007,10thFloor, Mittal Commercia,
Asan Pada Rd, Chimatpada, Marol, Andheri (E), Mumbai
Maharastra - 400 059
Website: www.burgerkingindia.in
Email: [email protected]
Phone: +91 2271933047

Registrar

Link Intime India Private Limited
C-101, 1st floor, 247 Park Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai - 400 083
Maharashtra, India
E-mail: [email protected]

Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. CLSA India Private Limited
  3. Edelweiss Financial Services Limited
  4. JM Financial Limited
Burger King IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Burger King? Should I apply in Burger King IPO?

Last Updated on 2021-01-31T23:46:24+00:00

Burger King IPO FAQs

  1. 1. How to subscribe Burger King IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Burger King IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Burger King IPO with Zerodha.

    Alternate approch to apply in Burger King IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Burger King IPO Review and Important Updates

    Other relevant questions :

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  2. 2. How to apply in Burger King IPO online?

    Apply in Burger King IPO online

    To subscribe or apply in Burger King IPO, you can use the following methods:

    Burger King IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Burger King IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Burger King IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Burger King IPO. Most of the Syndicate Banks provide access to apply in Burger King IPO via ASBA process. You must have your net banking access, DP ID information to apply in Burger King IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Burger King IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Burger King IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Burger King IPO? Where to apply for Burger King IPO? How to subscribe Burger King IPO online? Burger King IPO where to apply? Where to buy Burger King IPO online? How to buy Burger King IPO online? How to purchase Burger King IPO? How to get Burger King IPO? How to book Burger King IPO? How to invest Burger King IPO? Burger King IPO kaise buy kare?

     

  3. 3. How to download online application form for Burger King IPO?

    Applying in Burger King IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Burger King IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Burger King IPO, please refer article >> Link

    Burger King IPO Review and Important Updates

    Steps to download the online application form for Burger King IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 250 and max 3250 Shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Burger King IPO?

    Burger King IPO is going to be list on 14-12-2020.

    Other relevant questions:

    When Burger King IPO will be listing? Burger King IPO listing date?Burger King IPO date of listing

     

  5. 5. When Burger King IPO will be allocated?

    Burger King IPO Allotment Date is 9-12-2020.

    Other relevant questions:

    Burger King IPO share allotment date?Burger King IPO allotment date?

     

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User Comments

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8. Sushmita  12/4/2020 9:53:11 AM Reply
If I apply for more than 1 lot of Burger King IPO, then allotment chance would be high or not?????
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8.1. NK Modi  12/4/2020 9:55:32 AM
No, applying one lot or above has the same probability of allotment. As BKIL IPO is already oversubscription so allotment would depend on your luck
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7. Nikhil D  12/1/2020 11:20:14 AM Reply
Should I subscribe burger king IPO?????
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7.1. Vinay Jain  12/2/2020 10:38:02 AM
Yes, it is going to be over subscribed, Apply 1 lot per application with full force.
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6. Bose S  12/1/2020 11:26:09 AM Reply
Good IPO but retail share is just 10% so must apply with all family members demat account
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5. SIVATHANU N  11/19/2020 11:59:40 PM Reply
Please confirm Burger King IPO GMP (grey market premium) and kostak.
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5.1. Sudhir  11/27/2020 10:28:20 AM
Current GMP is 25(+/-2)
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5.2. R raja  11/28/2020 3:47:07 PM
GMP today 30(+/-2), going to be a good IPO for the retail investors.
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4. mfaruquekhan  11/19/2020 11:59:40 PM Reply
Burger King IPO good or bad.
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4.1. Kunal  11/27/2020 9:51:02 AM
Category-wise Break up:
Anchor - 6,07,50,000 Shares = 364.50Crs
QIB - 4,05,00,000 Shares = 243.00Crs
NII - 2,02,50,000 Shares = 121.50Crs
RII - 1,35,00,000 Shares = 81.00Crs (Lot size: 250 = 54,000 Forms)
Total Issue - 13,50,00,000 Shares = 810.00Crs.
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3. Lakhveer Singh  11/19/2020 11:59:40 PM Reply
Burger King IPO expected listing gain.
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3.1. Vinit Rai  11/27/2020 9:41:23 AM
As per current GMP, you can get 20% min in this IPO.
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2. Surya Pratap  11/19/2020 11:59:40 PM Reply
Burger King IPO - CRISIL Rating, Apply or not?.
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1. RAJESH MIRCHANDANI  11/19/2020 11:59:40 PM Reply
Burger King IPO whether to invest or not.

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