Bookbuilding IPO | ₹810 Cr | Listed at BSE, NSE | Wed, Dec 2, 2020 - Fri, Dec 4, 2020
Burger King IPO is a book build issue of ₹810.00 crores. The issue is a combination of fresh issue of 7.50 crore shares aggregating to ₹450.00 crores and offer for sale of 6.00 crore shares aggregating to ₹360.00 crores.
Burger King IPO bidding started from Dec 2, 2020 and ended on Dec 4, 2020. The allotment for Burger King IPO was finalized on Dec 9, 2020. The shares got listed on BSE, NSE on Dec 14, 2020.
Burger King IPO price band is set at ₹60 per share. The lot size for an application is 250. The minimum amount of investment required by an retail is ₹15,000 (250 shares) (based on upper price). The lot size investment for sNII is 14 lots (3,500 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (16,750 shares), amounting to ₹10,05,000.
CLSA India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Burger King IPO RHP for detailed Information.
IPO Open
Wed, Dec 2, 2020
IPO Close
Fri, Dec 4, 2020
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹2,289.93 Cr
| IPO Date | 2 to 4 Dec, 2020 |
| Listed on | Mon, Dec 14, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 250 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 13,50,00,000 shares (agg. up to ₹810 Cr) |
| Fresh Issue | 7,50,00,000 shares (agg. up to ₹450 Cr) |
| Offer for Sale | 6,00,00,000 shares of ₹10 (agg. up to ₹360 Cr) |
| Share Holding Pre Issue | 30,66,54,605 shares |
| Share Holding Post Issue | 38,16,54,605 shares |
| BSE Script Code / NSE Symbol | 543248 / RBA |
| ISIN | INE07T201019 |
Burger King IPO comprises a total issue size of 13,50,00,000 shares. Out of which, 10,12,50,000 (75.00%) are allocated to QIB, 2,02,50,000 (15.00%) allocated to NII 1,35,00,000 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 10,12,50,000 | 75.00% | NA |
| − Anchor Investor Shares Offered | 6,07,50,000 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 4,05,00,000 | 30.00% | NA |
| NII (HNI) Shares Offered | 2,02,50,000 | 15.00% | NA |
| Retail Shares Offered | 1,35,00,000 | 10.00% | 54,000 |
| Total Shares Offered | 13,50,00,000 | 100.00% |
Investors can bid for a minimum of 250 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹15,000 |
| Retail (Max) | 13 | 3,250 | ₹1,95,000 |
| S-HNI (Min) | 14 | 3,500 | ₹2,10,000 |
| S-HNI (Max) | 66 | 16,500 | ₹9,90,000 |
| B-HNI (Min) | 67 | 16,750 | ₹10,05,000 |
Burger King IPO raises ₹364.50 crore from anchor investors. Burger King IPO Anchor bid date is December 1, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 1, 2020 |
| Shares Offered | 6,07,50,000 |
| Anchor Portion (₹ Cr.) | 364.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 8, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 9, 2021 |
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 strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | Capital expenditure incurred for setting up of new Company-owned Burger King Restaurants | 177.00 |
| 3 | General corporate purposes | 71.17 |
The Burger King IPO is subscribed 156.65 times on December 4, 2020 5:00:08 PM (Day 3). The public issue subscribed 68.15 times in the retail category, 86.64 times in the QIB category, and 354.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 86.64 | 4,04,23,729 | 3,50,24,25,750 |
| NII | 354.11 | 2,04,40,677 | 7,23,82,77,000 |
| Retail | 68.15 | 1,36,27,118 | 92,86,70,750 |
| Total | 156.65 | 7,44,91,524 | 11,66,93,73,500 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managersfees and commissions (including underwriting commission, brokerage and selling commission) | 33.45 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank for Bids made by RIBs using UPI | 1.12 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.60 |
| 4 | Fees payable to Registrar to the Offer | 0.77 |
| 5 | Other advisors to the Offer | 3.77 |
| 6 | Listing fees, SEBI filing fees, book-building software fees | 3.40 |
| 7 | Printing and stationery | 2.15 |
| 8 | Fee payable to legal counsels | 6.72 |
| 9 | Advertising and marketing | 6.73 |
| 10 | Miscellaneous | 3.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹60.00 | ₹60.00 |
| Open | ₹115.35 | ₹112.50 |
| Low | ₹108.40 | ₹108.40 |
| High | ₹138.40 | ₹135.00 |
| Last Trade | ₹138.40 | ₹135.00 |
Burger King IPO is a main-board IPO of 13,50,00,000 equity shares of the face value of ₹10 aggregating up to ₹810 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 250.
The IPO opens on Wed, Dec 2, 2020, and closes on Fri, Dec 4, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Burger King IPO using UPI as a payment gateway. Zerodha customers can apply in Burger King IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Burger King IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Burger King IPO opens on Wed, Dec 2, 2020 and closes on Fri, Dec 4, 2020.
Burger King IPO lot size is 250, and the minimum amount required for application is ₹15,000.
You can apply in Burger King IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Burger King IPO will be done on Wednesday, December 9, 2020, and the allotted shares will be credited to your demat account by Fri, Dec 11, 2020. Check the Burger King IPO allotment status.
The Burger King IPO listing date is on Mon, Dec 14, 2020.
