Company introduction

Burger king was founded in 1954, BURGER KING is the second largest fast food hamburger chain in the world with about 18,000 restaurants operating in more than 100 countries and US territories as at June 30, 2019.

In India Burger King is one of the fastest growing Restaurant chains. Burger king has opened its first restaurant in Kolkata in November 2014. With this launch the brand strengthens its presence in East India and is now present across all Indian metro cities, reinforcing its strong commitment to growth in the Indian market.

It has 202 outlets spread across 47 cities. The company is looking to raise around Rs 1000 crores from a mix of an offer for sale and a fresh issue of shares. The promoter of the company is QSR Asia Pte Ltd with holding 100% ownership.

Industry overview

The food services market in India has shown consistent growth since Fiscal 2014 and was estimated at ₹4,096 billion in Fiscal 2019. The food services market in India is projected to grow at a CAGR of 10.5% over the next five years and is expected to reach ₹6,753 by Fiscal 2024.

Strengths

  • Strong customer proposition
  • Brand positioned for millennials
  • Well defined restaurant roll out and development process

Financial strength 

 June 2019(cr)2019(cr)2018(cr)2017(cr)
Assets957.2920.4730.3698.4
Revenue214.2644.1388.7234.1
Loss/profit-0.37-38.5-81.4-71.7
EPS-0.07-1.44-3.10-4.87

Promoters of the company

The entire chain is owned by QSR Asia Pte Ltd with total shares of 26,49,99,999.

GROWTH OF RESTARANTS SINCE 2015

 20192018201720162015
Total outlets181123854812

Management

Shiva kumar Pullaya Dega : Chairman and Independent Director

Rajeev Varman :                Chief Executive Officer and Whole Time Director

Objects of the Issue

(i) Repayment or prepayment of outstanding borrowings of our Company obtained for setting up of new Company-owned Burger King Restaurants; and

(ii) Capital expenditure incurred for setting up of new Company-owned Burger King Restaurants.

Financial data

IPO date Dec 2 – Dec 4(2020)
Issue size 810.0 Cr( 135,000,000 Eq    shares)
Listing price band 59 – 60Rs per equity share
Face value10Rs
1 Lot size 250 shares
Retail portion10%
Minimum quote15,000 Rs
Maximum quote1,95,000 Rs
Listing inBSE,NSE
Offer opens onDec 2, 2020
Offer closes onDec 4, 2020
Credit of shares in demat accountDec 11,2020
Listing dateDec 14, 2020

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