Burger King India IPO opens for subscription today. Should you invest?

The price band for Burger King India IPO has been set at Rs 59-60 per share

Quick service restaurant (QSR) Burger King India will open its three-day initial public offering (IPO) on December 2. The company aims to raise Rs 810 crore via the IPO. The issue comprises a fresh issue of shares worth Rs 450 crore, and an offer for sale (OFS) of up to 60 million shares by promoter entity QSR Asia Pte Ltd worth Rs 360 crore, at the upper end of the price band.

The company intends to utilise the fresh proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes.

The price band