Burger King India is the national master franchisee of Burger King in India, Burger King India has exclusive rights to develop, establish, operate, and franchise Burger King branded restaurants in India. Burger King India started its operations in 2014, since then they have expanded pan-India with 261 restaurants and eight sub-franchisees across 17 states and union territories, and 57 cities across the country, making them one of the fastest-growing QSR (quick-service restaurants) chains in India.
The globally recognized Burger King brand was founded in 1954 in the United States and is owned by Burger King Corporation, a subsidiary of Restaurant Brands International Inc., which holds a portfolio of fast-food brands that are recognized around the world that include brands such as the Burger King, Popeyes, and Tim Hortons. The Burger King brand is the second-largest fast-food burger brand globally as measured by the total number of restaurants, with a global network of 18,675 restaurants in more than 100 countries and U.S. territories as of September 30, 2020.
Burger King is one of the five international Quick Serving Restaurants in India with 261 outlets across 57 cities.
The organized QSR sub-segment in India was estimated at ₹348 billion in Fiscal 2020 and is projected to grow at a CAGR of 19% to ₹825 billion by Fiscal 2025.
The historical growth of chain QSR segment has primarily been driven by international brands such as Domino’s Pizza, McDonald’s, Burger King, KFC and Subway, which combined account for approximately 44% of the total chain outlets in India as of Fiscal 2020.
|Financials (₹ in million)||September 2020||September 2019||March 2020||March 2019||March 2018|
|Earnings Per Share||(4.14)||(0.66)||(2.87)||(1.44)||(3.10)|
The public offer comprises fresh issuance of equity shares worth Rs. 540 crores and an Offer for Sale of 6 crore equity shares from promoters. You can read the IPO Prospectus filed by the company for more information.
|Issue Period||2nd Dec 2020 - 4th Dec 2020|
|Price Range||59 - 60|
|Minimum Bid Quantity||250 and in multiples thereof|
|Finalisation of Allotment||9th Dec 2020|
|Initiation of Refunds||10th Dec 2020|
|Credit of Shares||11th Dec 2020|
|Listing||14th Dec 2020|
|Mandate end date||23rd Dec 2020|
How do I apply for the Burger King IPO?
You can apply for the Burger King IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.