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Burger King IPO Review

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

Rated 3.5/5 by Team InvestorGain
Burger King IPO Detail

Burger King IPO Details

IPO Issue Opening Date: 2nd Dec 2020
IPO Issue Closing Date: 4th Dec 2020
IPO Issue Price: ₹59-60 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 18.29
IPO Issue Type: Book Build Issue
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 Discount: NA
Promoter Holding Pre IPO: 99.39%
Promoter Holding Post IPO: 60.08%
Allotment Status: Allotment Status

Burger King IPO Important Dates

Get important updates regarding Burger King IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Burger King IPO dates
IPO Activity Date
Basis of Allotment Date* 9th Dec 2020
Refunds Initiation* 10th Dec 2020
Credit of Shares to Demat* 11th Dec 2020
IPO Listing Date* 14th Dec 2020

* - Tentative Dates

Burger King IPO Lots

IPO Activity Date
Issue Price ₹59-60
Market Lot: 250 Shares
1 Lot Amount: ₹15000
Min Small HNI Lots(2-10 Lakh): 3500 shares(14 lots)
Min Big HNI Lots(10+ Lakh):

Burger King IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
9-12-20206043--₹103 (71.67%)9-Dec-2020 9:25
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Burger King

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 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.
Incorporation Sector IPO Issue Size Website
NULL NULL ₹810 Crore www.burgerkingindia.in

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%
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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 Offered40,423,729 (54.27%)20,440,677 (27.44%)13,627,118 (18.29%)74,491,524
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 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

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
India
Website: www.burgerkingindia.in
Phone: +91 2271933047
Email: [email protected]

Burger King IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
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 31-Jan-2021 23:46:24


User Reviews

8. Sushmita Dec 04 2020 09:53:11 AM Reply
If I apply for more than 1 lot of Burger King IPO, then allotment chance would be high or not?????
8.1. NK Modi Dec 04 2020 09:55:32 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
7. Nikhil D Dec 01 2020 11:20:14 AM Reply
Should I subscribe burger king IPO?????
7.1. Vinay Jain Dec 02 2020 10:38:02 AM
Yes, it is going to be over subscribed, Apply 1 lot per application with full force.
6. Bose S Dec 01 2020 11:26:09 AM Reply
Good IPO but retail share is just 10% so must apply with all family members demat account
5. SIVATHANU N Nov 19 2020 11:59:40 PM Reply
Please confirm Burger King IPO GMP (grey market premium) and kostak.
5.1. Sudhir Nov 27 2020 10:28:20 AM
Current GMP is 25(+/-2)
5.2. R raja Nov 28 2020 03:47:07 PM
GMP today 30(+/-2), going to be a good IPO for the retail investors.
4. mfaruquekhan Nov 19 2020 11:59:40 PM Reply
Burger King IPO good or bad.
4.1. Kunal Nov 27 2020 09:51:02 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.
3. Lakhveer Singh Nov 19 2020 11:59:40 PM Reply
Burger King IPO expected listing gain.
3.1. Vinit Rai Nov 27 2020 09:41:23 AM
As per current GMP, you can get 20% min in this IPO.
2. Surya Pratap Nov 19 2020 11:59:40 PM Reply
Burger King IPO - CRISIL Rating, Apply or not?.
1. RAJESH MIRCHANDANI Nov 19 2020 11:59:40 PM Reply
Burger King IPO whether to invest or not.