Saturday, October 24, 2020

Burger King India Files Fresh DRHP with SEBI for 600 Crore IPO


Burger King India files fresh DRHP with SEBI with increased issue size of Rs.600 crore from Rs.400 crore. The IPO comprises of 6 crore equity shares of Rs.10 per equity share. With the change they fresh issue size reduced to 542 crore from 600 crore. They are one of the fastest growing restaurant chains in India. The company would utilise for funding roll out of new company-owned Burger King Restaurants and general corporate purposes as per DRHP.

Burger King

The company to open around 700 restaurants by 2026. It was earliest by 2025 but extended due to the COVID-19. The company promoter QSR Asia Pte Ltd has 99.39 percent equity stake in Burger King.

Read: Burger King IPO Date & IPO Details

The book running lead managers for the Burger King IPO are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial. Link Intime India Private Limited is the registrar of the IPO.

DRHP Details: (Click Here)

NITIAL PUBLIC OFFERING OF [●] EQUITY SHARES OF FACE VALUE OF ₹ 10 EACH (“EQUITY SHARES”) OF OUR COMPANY FOR CASH AT A PRICE OF ₹ [●] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF ₹ [●] PER EQUITY SHARE FOR THE FRESH ISSUE) (“OFFER PRICE”) AGGREGATING UP TO ₹ [●] MILLION, COMPRISING A FRESH ISSUE OF [●] EQUITY SHARES AGGREGATING UP TO ₹ 4,000 MILLION BY OUR COMPANY (“FRESH ISSUE”) AND AN OFFER FOR SALE OF UP TO 60,000,000 EQUITY SHARES AGGREGATING UP TO ₹ [●] MILLION BY QSR ASIA PTE. LTD. (“PROMOTER SELLING SHAREHOLDER”) (“OFFER FOR SALE”, AND TOGETHER WITH THE FRESH ISSUE, “OFFER”). THE OFFER WILL CONSTITUTE [●]% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL.