Burger King IPO Listing on 14th December on NSE and BSE

Burger King IPO Date, Review, Price Bands, Market Lot, Burger King IPO Important Dates, Market Lot, Listing Date & Time Details

Burger King India, a quick service restaurant chain, is expected to launch its initial public offering (IPO) for subscription next week. The company, after 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.

The initial public offering will open on December 2 and close on December 4, 2020.

Burger King is the 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.

This would be the fourteenth IPO in the current year. Other public issues this year were SBI Card, Rossari Biotech, Mindspace Business Parks REIT, Route Mobile, Happiest Minds Technologies, Angel Broking, Chemcon Speciality Chemicals, Computer Age Management Services, Mazagon Dock Shipbuilders, UTI AMC, Likhitha Infrastructure, Equitas Small Finance Bank and Gland Pharma.

Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial are book running lead managers to the Burger King issue.

About Burger King India

As the national master franchisee of the BURGER KING brand in India, Burger King India has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India.

Founded in 1954 in the United States, the Burger King brand (also known as the ‘HOME OF THE WHOPPER’) is owned by Burger King Corporation, a subsidiary of Restaurant Brands International Inc, which holds a portfolio of fast food brands – BURGER KING, POPEYES and TIM HORTONS.

The Burger King brand is the second largest fast food burger brand globally as measured by the total number of restaurants, with a global network of 18,675 restaurants in more than 100 countries and US territories as at September 2020.

Technopak report says Burger King India is one of the fastest growing QSR brands to reach 200 restaurants among international QSR brands in India during the first five years of operations.

As of November 25, Company had 259 its owned Burger King restaurants and nine sub-franchised Burger King restaurants, of which 249 were operational, including two sub-franchised restaurants.

Burger King IPO Details:

Issuer Burger King India
Issue Type Book Built Issue IPO
Issue Period Issue Opens: December 2, 2020
Issue Closes: December 4, 2020
Price Brand ₹59 to ₹60 Per Share
Issue Size ₹810 Crores
Face Value Rs.10 per Equity Share
Market Lot 250 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 10% of the issue size
Offer for Sale ₹360.00 Cr
Fresh Issue ₹450.00 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 13,50,00,000 Shares
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Burger King IPO Dates & Price Band

 IPO Open: December 2, 2020
 IPO Close: December 4, 2020
 IPO Size: Approx. ₹810 Crores
 Face Value: ₹10 Per Equity Share
 Price Band: ₹59 to ₹60 Per Share
 Listing on: BSE & NSE
 Retail Portion:  35%
Total IPO size 13,50,00,000 Shares

Burger King IPO Market Lot:

 Lot Size: Minimum – 250 Shares & Maximum – 3250 Shares
 Minimum Amount: ₹15000
 Maximum Amount: ₹195000

Burger King IPO Allotment & Listing Dates:

 Basis of Allotment: December 9, 2020
 Refunds: December 10, 2020
 Credit to Demat Account: December 11, 2020
 Listing Date: December 14, 2020

Company Promoters:

  • The President of India, acting through The Ministry Of Railways, Government Of India

Burger King India Financial

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
  30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 11,771.18 11,977.07 9,204.72 7,303.55
Total Revenue 1,516.54 8,468.29 6,441.30 3,887.37
Profit After Tax (1,189.46) (765.70) (382.79) (822.32)

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.

How to Apply for Burger King IPO?

If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in Burger King IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.

How to Check Burger King IPO Allotment?

Check Burger King IPO Allotment Here: OR Log on to https://www.linkintime.co.in/IPO/public-issues.html

Note: Burger King IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.

 # Option 1: BSE Website:

  • Go to BSE Website
  • Check box “Equity”
  • Select IPO Name “Burger King”
  • Type Your Application Number
  • Type Your Pan Number

# Option 2: LINKintime Website:

  • Go to Linkintime Website
  • Select IPO Name “Burger King”
  • Select Option from PAN Number, Application Number or Demat Account Number
  • As per selection add  PAN Number, Application Number or Demat Account Number

# Option 3: in Your Demat Account:

  • Call Your Broker or Login to Your Demat Account / Trading Account
  • Check the stock is credited to your account or not

# Option 4:  in Your Bank Account:

  • Login to your Bank Account
  • Check the Amount is debited or released

Burger King IPO Listing Gain

How to Sell Burger King IPO Shares on Listing Day?

Burger King IPO Listing Day Kya kre?

Burger King IPO Lead Managers

Lead Managers
  • Edelweiss Financial Services
  • Kotak Mahindra Capital
  • JM Financial
  • CLSA

Burger King IPO Registrar to Offer

Burger King IPO Registrar
Link Intime India Private Limited
C-101, 1stFloor, 247 Park,
Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai,
Maharashtra 400 083
Tel: +91 22 49186200
E-mail: burgerking.ipo@linkintime.co.in
Investor grievance E-mail: burgerking.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration No.: INR000004058
Note: Check Burger King IPO allotment status on Linkintime website allotment URL. Click Here
Company Contact Info:
Burger Kind India Limited
Unit Nos.1003 to 1007,
10th Floor, Mittal Commercia,
Asan Pada Rd, Chimatpada, Marol,
Andheri (E), Mumbai, Maharashtra, 400 059
Tel: +91 2271933047
Contact Person: Ranjana Saboo
Company Secretary, Compliance Officer and Head Legal
Tel: +91 2271933047
E-mail: investor@burgerking.in
Website: www.burgerkingindia.in
Corporate Identity Number: U55204MH2013FLC249986
What is IPO? आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है?

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Burger King IPO FAQs

When Burger King IPO will open?

The Burger King IPO will open on December 2, 2020.

What is Burger King IPO Investors Portion?

The investors’ portion for QIB-50%, NII-35%, and Retail 10%.

What is the Burger King IPO Size?

The IPO Size is 810 Crore with Sale of 13,50,00,000 Shares.

What is the lot size of Burger King IPO?

Burger King IPO lot size is 250 Shares.

What is price band of Burger King IPO?

Burger King IPO price band is  ₹59 to ₹60 Per Share (Tentative) Equity share and the minimum order quantity is 250 Shares.

What is Burger King IPO Allotment Date?

Burger King IPO allotment date in 09 December 2020. You can check IPO allotment status here.

What is Burger King IPO Listing Date?

Burger King IPO listing date is 14 December 2020. The IPO to list on BSE and NSE.

How to Apply Burger King IPO?

You can apply Burger King IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers.

How to apply Burger King IPO through Zerodha?

Steps to apply in Burger King IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Burger King IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process for more detail.

What is the Grey Market Premium (GMP) price of Burger King Limited IPO?

The Grey Market Premium (GMP) price of Burger King IPO is approx. in between Rs.10000 – 11000/- at the moment.

What is the Subject to Sauda price for Burger King IPO?

The Subject to Sauda price for Burger King IPO is approx. Rs. 6300/-