Burger King India
IPO Size
`810 Cr
Price Band
`59-60 Per Share
Minimum Lot Size
250 Share
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
10
Issue Open Date
02 Dec 20
Issue Close Date
04 Dec 20
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
Founded in 1954, Burger King is the 2nd largest hamburger chain in the world. The company claims to attend 11 million customers everyday around the world. The commitment of the company to provide fresh, high quality, affordable and best tasting food has made the brand successful for more than 50 years. On the domestic front, Burger King India has 261 restaurants in 57 cities across the country, in places such as Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh, Ludhiana, Amritsar and Kochi. As per Master Franchise and Development Agreement, Burger King India is required to open atleast 700 outlets till December 31, 2026, which has been extended by one year recent due to ongoing pandemic.
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | - | - | - | - | - |
| Material civil cases | - | 6.8 | - | - | - | - |
| Taxation matters | - | 11.49 | - | - | - | - |
| Regulatory Procedings | - | 0.55 | - | - | - | - |
| Amt. (In Million Rs.) | - | 18.84 | - | - | - | - |
| Income Statement | FY19 | FY18 | FY17 | |
| Gross Operating Income | 6441.3 | 3887.37 | 2341.33 | |
| Cost of Employee & Inventory | 3269.43 | 2142.84 | 1434.87 | |
| Other Expenses | 2268.06 | 1557.12 | 903.51 | |
| EBITDA | 903.81 | 187.41 | 2.95 | |
| Depreciation | 822.1 | 640.36 | 447.72 | |
| Interest | 464.5 | 369.37 | 273.69 | |
| Profit Before Tax | -382.79 | -822.32 | -718.46 | |
| Tax | 0 | 0 | 0 | |
| Profit After Tax | -382.79 | -822.32 | -718.46 | |
The promoter of the company is QSR Asia Pte. Limited.
The organized Indian food service market has gained traction in last decade as a shift in traditional pattern of Indian families from eating at home to dining out has gained their sales, which has assured a constant growth of the Indian food market. In the listed space, the company will face tough competition from Jubilant Foodworks and Westlife Development while in the unlisted space; the company has various other competitors such as Haldiram, Taco Bell, Pizza Hut, Subway, Kfc’s and Bikanervala.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to 6 crore Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 6 crore Equity Shares aggregating up to ₹360.00 Cr (at an upper price band of Rs. 60).
The company has planned to raise fresh capital comprising an aggregate of 7.5 crore shares having Face Value ₹10 aggregating up to Rs. 450 Cr at the upper price band of Rs. 60. The net proceeds will be utilized for funding new stores of Burger King in order to increase their reach and augmenting general corporate purposes.