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.
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.
- Strong customer proposition
- Brand positioned for millennials
- Well defined restaurant roll out and development process
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
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.
|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|
|1 Lot size||250 shares|
|Minimum quote||15,000 Rs|
|Maximum quote||1,95,000 Rs|
|Offer opens on||Dec 2, 2020|
|Offer closes on||Dec 4, 2020|
|Credit of shares in demat account||Dec 11,2020|
|Listing date||Dec 14, 2020|
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