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Burger King India Ltd IPO

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Burger King, India's fastest growing quick-service restaurant chains is coming out with an IPO which opens on December 02, 2020. It is the second-largest fast-food burger brand with having 216 Burger-King restaurants and 8 Sub-Franchised Burger King restaurants.

Offer Details:

The total issue size is ₹810Cr consisting of Fresh Issue of ₹450Cr and Offer for sale of 6 Cr shares amounting to ₹360Cr at the upper end of the price band. The proceeds from the fresh issue are proposed to be utilized towards:

  • Repayment or prepayment of outstanding borrowings of the company obtained for setting up of new company owned Burger King Restaurants; and
Capital expenditure incurred for setting up of new Company owned Burger King Restaurants

Burger King India Ltd IPO Subscription Details

    

Company

Burger King India Ltd

Issue Type

(Book Built Portion)

Issue Size (In ` Crore)

810

Lot Size

250

Open Date

02 Dec

Close Date

04 Dec

Offer Price

₹59 to ₹60 per equity share

DRHP

Click here

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About Burger King India Ltd IPO

Burger King India (BKI) is the national master franchisee of the BURGER KING® brand in India, with exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. In comparison to other chains that have Indian partner as a Master Franchise, BKI is promoted by QSR Asia Pte Ltd (Singapore) which is a Joint Venture between BK Asiapac Pte Ltd, a subsidiary of Buger King Holdings and F&B Asia Ventures (Singapore) Pte Ltd. The Long term franchisee rights under the Master Franchise and Development Agreement are valid till December 31, 2039. The Company is obligated to develop and open at least 700 restaurants by December 31, 2026.


Since the opening of its first restaurant in November 2014, it has reached 200+ stores in less than five years. Its total restaurant count stands at 261 as on September 30, 2020 including eight Sub-Franchised Burger King Restaurants, across 17 states and union territories and 57 cities across India.

Financials

Particulars (₹ Cr)

FY18

FY19

FY20

1HFFY21

Revenue

378

633

841

135

EBITDA (%)

2.1

12.5

12.4

-21.2

PAT

-82

-38

-77

-119

EPS (Rs)

--

--

--

--

PE (x)

--

--

--

--

EV/Sales (x)

5.8

3.7

2.9

--

Source: RHP, 5paisa Research, Note: EPS & P/E is on upper end of price band

Key Points

We believe that BKI is poised to capitalize on consolidation opportunities in post Covid era. QSR Chains have been gaining share in the food services space and the trend is likely to continue owing to preference for outlets that observe best hygiene practices. Being a late entrant to India has worked to its advantage in terms of more matured market, technology evolution, etc. vs. a developing market in 1996 during Dominos’ and McDonald’s entry. Going ahead, obligation to add at least ~440 more outlets by December 31, 2026 would drive growth which is plausible considering the favorable results seen form its existing cluster approach and penetration strategy.


BKI has an exhaustive menu across price points, especially the entry level segment, which along with its positioning (for millennials) should aid in scaling up of new stores in existing as well as new clusters. It is favorably placed vs. peers with regards to lower capex per store and similar productivity levels. BKI will have a net cash position post the IPO which should assist the company in achieving the above mentioned goal. Moreover, with increasing number of maturing outlets, we expect leverage to kick in.

How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select Burger King Ltd IPO in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Burger King India Ltd IPO Frequently Asked Questions

You can apply for the Burger King IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above.

For further details Click Here.

You can use BHIM UPI App, along with BHIM Axis Pay (only android), BHIM SBIPay (only android), Citi Mobile (android & iOS), Google Pay (android & iOS), HSBC Simply Pay (android & iOS), iMobile by ICICI Bank (android users), Phone-Pe (android & iOS). Check the full list of supported apps live on IPO

The face value would be ₹10 per equity share. 

Lot size – 250 * Issue Price 60 = 15,000 
Hence the minimum investment amount required to invest in Burger King IPO is 15,000. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off price is the price at which investors get the shares issued. An investor can place the bid for the desired quantity at either equal to or higher than the price within the applicable range. 

This bid price also known as “Cut off price” for Burger King IPO is ₹15,000 .

Read more IPO FAQs

Contact Details of Burger King India Ltd IPO

Company Contact Information

Burger King India Ltd IPO
Unit 1003 to 1007 10 Th Floor,
Mittal Commercial Asan Pada Rd,
Mumbai, Maharashtra 400059.

Phone: 91-22-71933099
Email: investor@burgerking.in

Burger King India Ltd IPO Register

Link Intime India Pvt Ltd

Burger King India Ltd IPO Lead Manager(s)

  • CLSA India Pvt Ltd
  • Edelweiss Financial Services Ltd
  • JM Financial Ltd
  • Kotak Mahindra Capital Company Ltd

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