Burger King IPO

Burger King IPO Details

Burger King is 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. The company establishes its branches in high traffic areas in key metropolitan areas and cities across the country.

IPO Date : Dec 2, 2020 - Dec 4, 2020

Issue Type: Book Built Issue IPO

Issue Size: 135,000,000 Eq Shares of ₹10 (aggregating up to ₹810.00 Cr)

Fresh Issue: 75,000,000 Eq Shares of ₹10 (aggregating up to ₹450.00 Cr)

Offer for Sale: 60,000,000 Eq Shares of ₹10 (aggregating up to ₹360.00 Cr)

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

Bid/Offer Opens On -- Dec 2, 2020

Bid/Offer Closes On -- Dec 4, 2020

Finalization of Basis of Allotment -- Dec 9, 2020

Initiation of Refunds -- Dec 10, 2020

The credit of Shares to Demat Acct -- Dec 11, 2020

IPO Shares Listing Date -- Dec 14, 2020

Competitive strengths

  • Strong customer value proposition.

  • Exclusive franchise rights in India.

  • Brand value and customer loyalty.

  • Vertically scalable supply chain.

  • Experienced and professional management team.

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