Burger King IPO Review & details, Allotment date
Burger Kings is a prominent international chain of restaurants that operate through the QSR (Quick Service Restaurant) modus operandi.
Brief Introduction of the Company
Table of Contents
Burger King was able to adapt and improvise its business module according to the need of Indian customers.
This is one of the primary reasons that helped Burger King achieve the benchmark of being the fastest-growing restaurant chain operating on the QSR module, quoted on the basis of the company’s operations on the basis of the number of restaurants in the initial five years.
The brand BURGER KING is the national master franchise of the company in India, having sole and exclusive rights to establish, operate, develop and franchise restaurants working with the Burger King brand name in India.
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The company’s first restaurant to begin operations in India was inaugurated in the year November 2014.
Since then the brand put in force its proven development and restaurant rollout process in various Indian states with the sole aim of expanding consistently, efficiently, and quickly establishing the brand as a prominent pan-India QSR chain of restaurants.
The international brand is taking these steps in order to capitalise on the immense market opportunity for the brand in India as QSR restaurants.
The company has strived hard in achieving this mammoth- the ambitious goal with the ownership of 202 restaurants which comprise of 7 sub-franchised Burger King restaurants spread across 16 states and Union territories covering 47 cities, dated as on June 30, 2019.
The company establishes and expands its restaurant cluster through the widely successful cluster approach and penetration strategy.
The brand aims to launch newer restaurants at the prominent locations and districts of high visibility and high traffic areas located in prominent metropolitan cities spread across cities, aiming to expand the existing restaurants at the same time developing newer outlets within that cluster.
The company’s success widely depends on this approach which helps the brand in efficiently managing the much scalable supply chains and thriving to drive down costs.
Burger King India- Insights
Promoter of the company- QSR Asia Pvt. Ltd.
| Subscription Dates of the IPO | Will be updated soon |
| Price Band of the IPO | Will be updated soon |
| Fresh issue for the IPO | Rs. 400 crores |
| Offer for the sale of IPO | 60,000,000 shares |
| Total size of IPO | Will be updated soon |
| Minimum bid/lot size for the IPO | Will be updated soon |
| Face Value of the IPO | INR10 per share |
| Desired Retail Allocation | 10% |
| IPO Listing On | BSE, NSE |
Burger King Financial Performance Details
| Details | FY2017 | FY2018 | FY2019 | Q1 FY2020 |
| Revenue | 234.1 | 388.7 | 644.1 | 214.3 |
| Expenses | 306.0 | 471.0 | 682.4 | 216.0 |
| Net income | -71.8 | -81.4 | -38.6 | -2.1 |
| Net margin (%) | 30.7 | 20.9 | 6.0 | -1.0 |
Burger King Address Details
Burger King India Limited
Unit Nos.1003 to 1007, 10th Floor, Mittal Commercia
Asan Pada Rd, Chimatpada, Marol, Andheri (E), Mumbai 400 059
Phone: +91 22 7193 3047
Email address: investor@burgerking.in
Website: www.burgerkingindia.in
Registrar for Burger King IPO
| Link Intime India Private Limited | C-101, 1st Floor, 247 Park,Lal Bahadur Shastri Marg, Vikhroli (West) |
| Mumbai | 400 083 |
| Phone: +91 22 4918 6200 | Email: burgerking.ipo@linkintime.co.in,Website: http://www.linkintime.co.in |
Valuation of Burger King (as of FY2019)
| Earnings Per Share (EPS) | -Rs. 1.44 |
| Price/Earnings (PE ratio) | To be updated |
| Return on Net Worth (RONW): | Rs. -15.33% |
| Net Asset Value (NAV): | Rs.42 per share |
So here is the conclusion from Lowbrokers.com as we can see EPS and Total revenue is on minus so we dont want to invest in such IPO and in going forward when company EPS will be ok and ROE will be above 15% then only we can see the possibility
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