Burger King is one of the most developed and fastest restaurant chains in India. Burger King has 216 restaurants and 8 sub-franchised restaurants in India. It is the second-largest fast-food burger brand in India. Burger King Hamburger fast food restaurant is an American multi-national chain. Headquartered in Miami Dead County, Florida, the chain was founded in 1953 as the Florida-based restaurant chain, Jacksonville, insta-burger king.
BURGER KING IPO INFORMATION:
Speaking of Burger King's IPO, the mainboard IPO of 135,000,000 equity shares with a face value of 1010. Which is up to ? 810.00 crore. Equity is to 59 to 60 60 per share when it comes to its issue price. The minimum order share is 250 shares. Burger King India Ltd. It is the second most successful initial public offering of the year 2020.
The reason is that the buyers were registering 157 times more than the stocks on offer in the stock market.
The IPO performance of the fast-service restaurant chain coincided with the sale of shares of state-run Mazogan Dock Shipbuilders in October, which had more than 157.41 subscribers. Burger King's Rs 10,810 crore IPO on 6 fur. Bids were received for .6.67 billion shares, compared to 74.49 million.
In November 2019, Burger King had its offer documented by India. He left the IPO plan because the lockdown was done to prevent the spread of the virus. Which had a bad effect on him.
By the end of March 2020, the company was shut down on an ongoing basis due to the covid-19 lockdown in India. If there were only 59 restaurants in operation.1, only 130 restaurants reopened during the period from April 2020 to June 30 for meals or food delivery. The remaining 37 restaurants reopened between July 1, 2020, and September 30, 2020.
Given the huge demand, the Burger King IPO will be priced at Rs 60 per share, the top end of the price band, which will give the company a post-market capitalization of Rs 2,290 crore.
Burger King has raised Rs 450 crore through an IPO, which will be used to roll out outlets and free them from debt. The IPO also includes a secondary share sale of ? 360 crores. Burger King currently operates about 270 outlets. Its goal is to scale up to 700 outlets by 2026. Burger King's IPO will help open about 190 new stores by 2020. Burger King is in international competition with McDonald's, KFC, Domino's Pizza, Subway, and Pizza Hut. In the financial year 2019-20, Burger King reported a turnover of ? 841 crores and a loss of Rs 77.6 crore. 422 crore in working income which has come down to Rs. 135 crore.