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.
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.
