IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size250 Shares per Lot
Total Issue Size13,50,00,000 shares (aggregating up to ₹810.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 02 Dec 2020
Subscription CloseFri, 04 Dec 2020
Anchor AllotmentTue, 01 Dec 2020
Basis of AllotmentWed, 09 Dec 2020
Initiation of RefundsThu, 10 Dec 2020
Credit of Shares to DematFri, 11 Dec 2020
Listing DateMon, 14 Dec 2020
UPI Mandate Deadline2020-12-04
Application & Investment Details
Retail — Min (1 Lots)₹15,000 — 250 shares
Retail — Max (13 Lots)₹195,000 (13 Lots)
HNI — Min (14 Lots)₹2,10,000 — 3,500 shares
Pre-IPO Promoter Holding30,66,54,605 shares
Post-IPO Promoter Holding38,16,54,605 shares
Fresh Issue Shares7,50,00,000 shares (aggregating up to ₹450.00 Cr)
Offer for Sale Shares6,00,00,000 shares of ₹10 (aggregating up to ₹360.00 Cr)
About Burger King India Ltd.
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.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. Company establishes its branches in high traffic areas in key metropolitan areas and cities across the country.Competitive strengthsStrong customer value preposition.Exclusive franchise rights in India.Brand value and customer loyalty.Vertically scalable supply chain.Experienced and professional management team.
Objects of the Issue
Burger King India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment or prepayment of outstanding borrowings of our Company obtained for setting up of new Company-owned Burger King Restaurants; and
164.98
2
2 Capital expenditure incurred for setting up of new Company-owned Burger King Restaurants
177.00
3
3 General corporate purposes
71.17
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,66,54,605 shares
Post-IPO Promoter Holding
38,16,54,605 shares
Lock-in Period (30%)January 8, 2021
Lock-in Period (50%)March 9, 2021