With an over-subscription of 157 times, Burger King India IPO became the second-most subscribed offer in calendar year 2020. The shares are expected to get listed on December 14
Reasonable valuation, steady margin profile are positives
The issue generated bids for 11.7 billion shares, worth Rs 70,000 crore, as against only 75 million on offer, making it one of the most-subscribed IPOs ever
Only 10 per cent of the issue has been reserved for retail investors
Wealthy investor and institutional investor portions subscribed 3.6 times and 2.7 times, respectively; Only 10 per cent of the issue is reserved for retail investors
Retail portion subscribed 15.6 times
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The price band for Burger King India IPO has been set at Rs 59-60 per share
Shares of IndusInd Bank have surged 47% in November - third-most among Nifty companies
Our plan is to open 700 restaurants by December 2026. Right now, we have 268 restaurants in India, says CEO Varman
Proceeds will be used to roll out new outlets, retire debt; Issuer to have market cap of Rs 2,290 cr at upper end of price band
The initial public offering (IPO) will open on December 2, for three days. The price band for the IPO has been set at Rs 59-60 per share
Burger King IPO will remain open till December 4 with a price band of Rs 59-60 per share
Burger King has often found itself in a David and Goliath contest with its unconventional but creative content taking pot shots at its mammoth rival
More cos could join Burger King, Antony Waste in giving listing another shot
Net proceeds from the fresh issue are proposed to be utilised for funding the rollout of new company-owned Burger King Restaurants and for general corporate purposes
The regulator's observations are necessary for any company to launch public issues such as initial public offer, follow-on public offer and rights issue
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore
Indians may not get a taste of the Impossible Whopper and the Rebel Whopper
Despite the surge in food aggregators, Burger King will continue to maintain focus on brick-and-mortar model