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    burger king india ipo
    Burger King IPO : Solid Listing
    December 14, 2020 admin 24 comment
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    Burger King India IPO : Chanakyanipothi.com is India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 20 Years.We are pleased to explain A to Z of Burger King India IPO, in depth analysis and updates on Grey market premium,subject to rates and fix application rates.

    Listing :  On 14 December 2020, the scrip listed at Rs. 115 and during the day moved up to high of Rs. 131.

    IPO Guidance :
    Apply. For detailed live analysis,  youtube.com/c/chanakyanipothi

    Grey Market Premium News of Burger King India Limited

    On 12 Dec 2020
    GMP Rs. 45

    For Past trend ,See Page bottom box

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    Total Subscription of Burger King India Limited:
    on Day 3(on 04.12.2020 at 5.00 pm )
    QIB :  40423,729 shares  : 86.64 T
    NII :   20440677 Shares : 354.11 T
    RII :  13627,118 Shares  : 68.15 T
    Total :744915241 Shares : 156.65 T

    Short Note about Burger King India Limited:

    Burger King India ltd is one of the fastest growing international QSR chains in India during the first five years of our operations based on number of restaurants. As the national master franchisee of the BURGER KING® brand in India, it has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India.
    Global Brand & Network:
    The globally recognised Burger King brand, also known as the “HOME OF THE WHOPPER®”, was founded in 1954 in the United States and is owned by Burger King Corporation, a subsidiary of Restaurant Brands International Inc., which holds a portfolio of fast food brands that are recognized around the world that include the BURGER KING®, POPEYES® and TIM HORTONS® brands. The Burger King brand is the second largest fast food burger brand globally as measured by the total number of restaurants, with a global network of over 18,000 restaurants in more than 100 countries and U.S. territories as at June 30, 2019.

    Indian Network:
    Since opening its first restaurant in November 2014, BKIL has used its well defined restaurant roll out and development process with the aim of growing quickly, consistently and efficiently into a pan-India QSR chain and capitalising on the growing market opportunity in India for QSR restaurants. As at June 30, 2019, it had 202 restaurants, including seven Sub-Franchised Burger King Restaurants, across 16 states and union territories and 47 cities across India. As at the date of this DRHP, it had 216 Company-owned Burger King Restaurants and eight Sub-Franchised Burger King Restaurants.

    Financials:
    Its revenue from sale of food and beverages grew from Rs 2,28.29 crore in Fiscal 2017 to Rs6,28.59 crore in Fiscal 2019 and was Rs2,10.89 crore in the three months ended June 30, 2019. Its same-store sales grew at 12.23% and 29.21% in Fiscal 2018 and 2019, respectively. Its gross margin grew from Rs 1,36.56 crore in Fiscal 2017 to Rs 4,00.36 crore in Fiscal 2019 and was Rs 1,36.34 crore in the three months ended June 30, 2019

    The following are the strengths of the company:
    • Exclusive national master franchise rights in India
    • Strong customer proposition
    • Brand positioned for millennials
    • Vertically managed and scalable supply chain
    • Operational quality, a people-centric operating culture and effective technology systems
    • Well defined restaurant roll out and development process
    • Experienced, passionate and professional management team

    The promoters of Burger King India Limited :
    QSR ASIA PTE. LTD.

    Main object of the issue of Burger King India Limited
    :
    The Offer comprises of a Fresh Issue and an Offer for Sale.
    The Company will not receive any proceeds from the Offer for Sale.
    The Net Proceeds from the Fresh Issue are proposed to be utilised in Funding roll out of new Company-Owned Burger King Restaurants;

    IPO Particulars of Burger King India Limited:

    IPO Opens on : 02 Dec  2020
    IPO Closes on : 04 Dec 2020
    Issue Type: Book Built Issue IPO
    Issue : Up to 13,50,00,000 Equity Shares, aggregating up to Rs 810 Crore
    * Fresh Issue : 750,00,000 Equity Shares, aggregating up to Rs 450 Crore
    *Offer for Sale : 60,000,000 Equity Shares, aggregating up to Rs 360 crore
    Issue Size Rs. 810 Crore
    Fresh Issue : Rs. 450 crore
    Offer for Sale : Rs. 360 crore
    Face Value per share : Rs. 10
    Price Band: Per Equity Share: Rs. 59-60
    Minimum Order Quantity: 250 Shares
    Listing will at: BSE,NSE
    Shares offered to
    Anchors 607,50,000 Shares = Rs 364.50 Crs
    QIB 405,00,000 Shares = Rs 243 Crs
    NII 20,250,000 Shares = Rs 121.50 Crs
    RII 135,00,000 Shares = Rs. 81 Crs (Lot size: 250 = 54000 Forms)
    Tentative timeTable:
    27 Nov 20 – Price Band announced
    1 Dec 2020 – Anchor List
    2 Dec 2020 – Offer Opens
    4 Dec 2020 – Offer Closes
    9 Dec 2020– Finalisation of Basis of Allotment
    10 Dec 2020– Unblocking of ASBA
    11 Dec 2020– Credit to Demat Accounts
    14 Dec 2020– Listing on NSE & BSE

    Financial snapshot of Burger King India Limited:
    Earnings per Share 2017-18 Rs (3.10)
    Earnings per Share 2018-19 Rs (1.44)
    Earnings per Share 2019-20 Rs (2.87)
    Earnings per Share 2020-21(6M) Rs (4.14)
    Book Value of the Share as on 30.09.2019 Rs 7.62

    Return on Net Worth: 17-18 (28.64) %
    Return on Net Worth: 18-19 (15.33) %
    Return on Net Worth: 19-20 (27,80) %
    Return on Net Worth: 20-21 (6M) (54.34) %

    Upper Price Band/last EPS: NA
    Upper offer price/Book Value Ratio : 7.87
    Equity Shares outstanding prior to the Offer  3066,54,605 Equity Shares
    Equity Shares outstanding after the Offer :38,16,54,605 Equity Shares
    Pre IPO  Promoters Holding:99.39%

    Peer Comparison:

    Jubilant Foodworks @ PER 119.84
    Westlife Development @ PER N.A.

    Lead Managers of Burger King India Limited IPO:
    Kotak Mahindra Capital Company Limited
    CLSA India Private Limited
    Edelweiss Financial Services Limited
    JM Financial Limited

    Registrar to the IPO :
    Link Intime India Private Limited

    Registered Office of Burger King India Limited :
    : Unit Nos.1003 to 1007,
    10th Floor, Mittal Commercia,
    Asan Pada Rd, Chimatpada,
    Marol, Andheri (E),
    Mumbai,
    Maharashtra, 400 059
    Ranjana Saboo,
    Company Secretary, Compliance Officer

    Trend in Grey Market Premium of Burger King India Limited 

    On 10 Dec 2020 @ 12.00 noon
    GMP Rs. 44,
    On 9 Dec 2020 @ 7.00pm
    GMP Rs. 45,
    On 8 Dec 2020 @ 7.00pm
    GMP Rs. 45-46, solid fancy
    On 5 Dec 2020 @ 6.30 pm
    GMP Rs. 40-41, solid fancy
    Application :Rs. 250/No trades
    Subject to Rates : Rs. 7000
    On 4 Dec 2020 @ 6.30 pm
    GMP Rs. 37-39,
    Application :Rs. 250/No trades
    Subject to Rates : Rs. 7000
    On 3 Dec 2020 @ 12.30 mp
    GMP Rs. 32-33
    Application :Rs. 250
    Subject to Rates : Rs. 5000
    On 2 Dec 2020 @ 1.00 pm
    GMP Rs. 29-30
    Application :Rs. 250
    Subject to Rates : Rs. 5000
    On 1 Dec 2020 @ 12.30 noon
    GMP Rs. 26-26
    Application :Rs. 250
    Subject to Rates : Rs. 4500
    On 30 Nov 2020 @ 5.30 pm
    GMP Rs. 27-28
    Application :Rs. 250
    Subject to Rates : Rs. 6000
    On 28 Nov 2020 @ 7.00 evening
    GMP Rs. 32-34
    Application :Rs. 0
    Subject to Rates : Rs. 6000
    On 27 Nov 2020 @ 6.00 evening
    GMP Rs. 35
    Application :Rs. 0
    Subject to Rates : Rs. 5000
    On 27 Nov 2020 @ 9.30 am
    GMP Rs. 0
    Application :Rs. 0
    Subject to Rates : Rs. 5000
    On 26 Nov 2020 @ 7.00 evening
    GMP Rs. 25-26
    Application :Rs. 6000

    IPO Analysis by Experts / Fund Managers

    <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Chanakyanipothi.com</strong></span> is India`s Oldest & most Trusted Investment Blog.<br /> Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 20 Years<span style=”color: #000000;” data-mce-style=”color: #000000;”><strong><span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”>IPO Guidance : </span></strong>IPO guidance will be provided today night on our youtube channel and also here.</span><strong>Grey Market News of Burger King India Limited</strong><a href=”https://chanakyanipothi.com/wp-content/uploads/2020/11/burger-king-IPO-grey-market-e1606304841253.jpeg” data-mce-href=”https://chanakyanipothi.com/wp-content/uploads/2020/11/burger-king-IPO-grey-market-e1606304841253.jpeg”><img class=”alignright wp-image-24710 size-full” src=”https://chanakyanipothi.com/wp-content/uploads/2020/11/burger-king-IPO-grey-market-e1606304841253.jpeg” alt=”” width=”169″ height=”95″ data-mce-src=”https://chanakyanipothi.com/wp-content/uploads/2020/11/burger-king-IPO-grey-market-e1606304841253.jpeg” /></a><strong>On 30 Nov 2020<br /> </strong>GMP Rs. 32-34<br /> Application :Rs. 0<br /> Subject to Rates : Rs. 6000<br /> It is surprising that there is no application rates and appears that they want to see, whether IPO can be subscribed without Application rates or not.<br /> <strong>For Past trend ,See Page bottom box</strong><span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>#Chanakya Telegram channel: </strong><span style=”color: #000000;” data-mce-style=”color: #000000;”>Download Telegram App in your mobile and click this link : <a href=”https://t.me/chanakyanipothi” data-mce-href=”https://t.me/chanakyanipothi”>https://t.me/chanakyanipothi</a></span><strong><br /> #Chanakya Youtube Channel :</strong></span> <a href=”http://youtube.com/c/chanakyanipothi” data-mce-href=”http://youtube.com/c/chanakyanipothi”> youtube.com/c/chanakyanipothi</a><span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Short Note about Burger King India Limited:</strong></span>Burger King India ltd is one of the fastest growing international QSR chains in India during the first five years of our operations based on number of restaurants. As the national master franchisee of the BURGER KING® brand in India, it has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India.<br /> The globally recognised Burger King brand, also known as the “HOME OF THE WHOPPER®”, was founded in 1954 in the United States and is owned by Burger King Corporation, a subsidiary of Restaurant Brands International Inc., which holds a portfolio of fast food brands that are recognized around the world that include the BURGER KING®, POPEYES® and TIM HORTONS® brands. The Burger King brand is the second largest fast food burger brand globally as measured by the total number of restaurants, with a global network of over 18,000 restaurants in more than 100 countries and U.S. territories as at June 30, 2019.Since opening its first restaurant in November 2014, <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>BKIL</strong></span> has used its well defined restaurant roll out and development process with the aim of growing quickly, consistently and efficiently into a pan-India QSR chain and capitalising on the growing market opportunity in India for QSR restaurants. As at June 30, 2019, it had 202 restaurants, including seven Sub-Franchised Burger King Restaurants, across 16 states and union territories and 47 cities across India. As at the date of this DRHP, it had 216 Company-owned Burger King Restaurants and eight Sub-Franchised Burger King Restaurants.Its revenue from sale of food and beverages grew from Rs 2,28.29 crore in Fiscal 2017 to Rs6,28.59 crore in Fiscal 2019 and was Rs2,10.89 crore in the three months ended June 30, 2019. Its same-store sales grew at 12.23% and 29.21% in Fiscal 2018 and 2019, respectively. Its gross margin grew from Rs 1,36.56 crore in Fiscal 2017 to Rs 4,00.36 crore in Fiscal 2019 and was Rs 1,36.34 crore in the three months ended June 30, 2019<strong>The following are the strengths of the company:</strong><br /> • Exclusive national master franchise rights in India<br /> • Strong customer proposition<br /> • Brand positioned for millennials<br /> • Vertically managed and scalable supply chain<br /> • Operational quality, a people-centric operating culture and effective technology systems<br /> • Well defined restaurant roll out and development process<br /> • Experienced, passionate and professional management team<span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>The promoters of Burger King India Limited</strong></span> :<br /> QSR ASIA PTE. LTD.<br /> <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Main object of the issue of Burger King India Limited</strong></span>:<br /> The Offer comprises of a Fresh Issue and an Offer for Sale.<br /> Offer for Sale<br /> The Company will not receive any proceeds from the Offer for Sale.<br /> Fresh Issue<br /> The Net Proceeds from the Fresh Issue are proposed to be utilised in Funding roll out of new Company-Owned Burger King Restaurants;

    <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>IPO Particulars of Burger King India Limited</strong></span>:IPO Opens on : 02 Dec  2020<br /> IPO Closes on : 04 Dec 2020<br /> Issue Type: Book Built Issue IPO<br /> Issue : Up to 13,50,00,000 Equity Shares, aggregating up to Rs 810 Crore<br /> * Fresh Issue : 750,00,000 Equity Shares, aggregating up to Rs 450 Crore<br /> *Offer for Sale : 60,000,000 Equity Shares, aggregating up to Rs 360 crore<br /> Issue Size Rs. 810 Crore<br /> Fresh Issue : Rs. 450 crore<br /> Offer for Sale : Rs. 360crore<br /> Face Value per share : Rs. 10<br /> Price Band: Per Equity Share: Rs. 59-60<br /> Minimum Order Quantity: 250 Shares<br /> Listing will at: BSE,NSE<br /> <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Shares offered to</strong></span><br /> Anchors 607,50,000 Shares = Rs 364.50 Crs<br /> QIB 405,00,000 Shares = Rs 243 Crs<br /> NII 20,250,000 Shares = Rs 121.50 Crs<br /> RII 135,00,000 Shares = Rs. 81 Crs (Lot size: 250 = 54000 Forms)<br /> <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Tentative timeTable</strong></span>:<br /> 27 Nov 20 – Price Band announced<br /> 1 Dec 2020 – Anchor List<br /> 2 Dec 2020 – Offer Opens<br /> 4 Dec 2020 – Offer Closes<br /> 9 Dec 2020– Finalisation of Basis of Allotment<br /> 10 Dec 2020– Unblocking of ASBA<br /> 11 Dec 2020– Credit to Demat Accounts<br /> 14 Dec 2020– Listing on NSE & BSE
    <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Financial snapshot of Burger King India Limited:</strong></span><br /> Earnings per Share 2017-18 Rs (3.10)<br /> Earnings per Share 2018-19 Rs (1.44)<br /> Earnings per Share 2019-20 Rs (2.87)<br /> Earnings per Share 2020-21(6M) Rs (4.14)<br /> Book Value of the Share as on 30.09.2019 Rs 7.62Return on Net Worth: 17-18 (28.64) %<br /> Return on Net Worth: 18-19 (15.33) %<br /> Return on Net Worth: 19-20 (27,80) %<br /> Return on Net Worth: 20-21 (6M) (54.34) %Upper Price Band/last EPS: NA<br /> Upper offer price/Book Value Ratio : 7.87<br /> Equity Shares outstanding prior to the Offer  3066,54,605 Equity Shares<br /> Equity Shares outstanding after the Offer :38,16,54,605 Equity Shares<br /> Pre IPO  Promoters Holding:99.39%<br /> <span style=”color: #3366ff;” data-mce-style=”color: #3366ff;”><strong><br /> Peer Comparison:</strong></span><br /> Jubilant Foodworks @ PER 119.84<br /> Westlife Development @ PER N.A.
    <span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Lead Managers of Burger King India Limited IPO</strong>:</span><br /> Kotak Mahindra Capital Company Limited<br /> CLSA India Private Limited<br /> Edelweiss Financial Services Limited<br /> JM Financial Limited<span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Registrar to the IPO :</strong></span><br /> Link Intime India Private Limited<span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Registered Office of Burger King India Limited</strong> </span>:<br /> : Unit Nos.1003 to 1007,<br /> 10th Floor, Mittal Commercia,<br /> Asan Pada Rd, Chimatpada,<br /> Marol, Andheri (E),<br /> Mumbai,<br /> Maharashtra, 400 059<br /> <strong>Ranjana Saboo</strong>,<br /> Company Secretary, Compliance Officer
    <span style=”color: #000000;” data-mce-style=”color: #000000;”><strong><span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”>Grey Market Trend of Burger King India Limited</span> </strong></span><strong>On 28 Nov 2020 @ 7.00 evening<br /> </strong>GMP Rs. 32-34<br /> Application :Rs. 0<br /> Subject to Rates : Rs. 6000<strong><br /> On 27 Nov 2020 @ 6.00 evening<br /> </strong>GMP Rs. 35<br /> Application :Rs. 0<br /> Subject to Rates : Rs. 5000<strong><br /> On 27 Nov 2020 @ 9.30 am<br /> </strong>GMP Rs. 0<br /> Application :Rs. 0<br /> Subject to Rates : Rs. 5000<br /> <strong>On 26 Nov 2020 @ 7.00 evening</strong><br /> GMP Rs. 25-26<br /> Application :Rs. 6000<span style=”color: #0000ff;” data-mce-style=”color: #0000ff;”><strong>Total Subscription of Burger King India Limited:</strong></span><br /> on Day 1(on 00.00.2020 at 17.00 IST)<br /> QIB : shares offered:xx Subscribed<br /> NII : Shares offered: xx Subscribed : xx<br /> RII : Shares offered : XX Subscribed : xx<br /> Total : Shares offered :XX Subscribed : xx

    24 Comments on “Burger King IPO : Solid Listing”

    1. TinkerbeLL December 6, 2020 at 7:47 pm

      *BURGER KING IPO*
      *FOR HNI/NII GET 1 LOT OF 250 SHARES*
      IF THEY HAVE MADE A BID OF 89,363 SHARES
      (RS.53,61,780/-) & MORE
      Interest cost @8% (7 Days) for each share Rs 33/- only
      *LISTING ABOUT = 60+33= 93/- and more*

      Reply ↓
    2. TinkerbeLL December 6, 2020 at 7:46 pm

      *BURGER KING IPO*
      *FINAL SUBSCRIPTION FIGURE*
      QIB 86.48X**
      NII 357.45X
      RII 68.79X
      *OVERALL 157.16X*
      **Excluding Anchor
      Total No.of RET.FORMS : 24,15,797
      *Apps Wise : 44.74X*

      Reply ↓
    3. IPO Share November 28, 2020 at 9:36 pm

      Analysis of Paresh Sir was absolutely perfect for gland pharma.

      Please guide for Burger King.

      Reply ↓
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