ALL ABOUT BURGER KING IPO ?

ALL ABOUT BURGER KING IPO ?

The Burger King’s IPO has been fixed at ₹59-60 for every offer. The ₹810 crore issue will close on fourth December. The organization has held up to

10% bit of IPO for  retail investors

15% for non-institutional  investors

75% for qualified institutional  investors

Lot size: Bids can be made for at least 250 value shares and in products of 250 value shares from that point. Burger King IPO contains a new issue of offers adding up to ₹450 crore, while advertiser substance QSR Asia PVT Ltd will sell up to 6 crore shares, conglomerating to ₹360 crore.
The assets raised will primarily be used for extension of organization possessed stores the nation over and paying off of obligations.
Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited and JM Financial Limited are the book running lead chiefs to the Offer.
Link In time India Pvt Ltd is the recorder of Burger King IPO and will oversee distribution and discount.

Indicative IPO measure timetable: Burger King share are proposed to recorded on BSE and NSE. Offer designation is probably going to be concluded on ninth December and posting may occur on fourteenth December 2020, as per financiers.

As the public expert franchisee of the Burger King (worldwide) brand in India, the organization has selective rights to create, set up, work and establishment Burger King marked eateries in the nation.

In May 2020, Burger King via right issue had embraced a pre-IPO position. It assigned 13.2 million offers to the advertiser selling investor at a cost of Rs. 44 for every offer accumulating to Rs. 58 crore. In another pre-IPO position in November 2020, the organization has raised ₹92 crore through special distribution of 15.7 million value offers to Amansa Investment Ltd. at a cost of Rs. 58.5 per share.

The new issue size has been decreased to ₹450 crore from ₹600 crore prior.

Currently, Burger King has 268 stores, of which 8 are establishment for the most part situated at air terminals and the rest are organization claimed.

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