Burger King issue looks attractive: Angel Broking
4 years ago

Burger King issue looks attractive: Angel Broking

Live Mint  

Burger King India, the Quick Service Restaurant, on Friday set a price band of ₹59-60 per share for its ₹810 crore initial public offering. Purpose of the issue is to finance the roll-out of new company-owned Burger King Restaurant and to meet the general corporate purposes. Burger King won't get such a premium valuation as Jubilant Foodworks as it does not have a profitability track record like Jubilant, says the brokerage. So Burger King has priced its issue at a significant discount compared to Jubilant Foodworks, so looking at the valuation and the growth the company is expected to do in the future, the issue is looking attractive to us at the first look," says Keshav Lahoti, Associate Equity Analyst, Angel Broking.

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History of this topic

Burger King to open more than 60 new UK restaurants
1 year, 2 months ago

Burger King to open more than 60 new UK restaurants

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Burger King has revealed plans …

Burger King IPO allotment status: Know how to check
4 years ago

Burger King IPO allotment status: Know how to check

Hindustan Times  

Burger King’s India will announce the status of the allotment of its initial public offer on Wednesday. Investors can visit the website of Link Intime India to check their allocation status. Link Intime India is the Sebi-recorded registrar of Burger King IPO that is responsible to digitally administer share allocation and refund. Investors can also check the allotment status through …

Burger King share sale sees robust response
4 years ago

Burger King share sale sees robust response

Live Mint  

Burger King India Ltd recorded the second-most successful initial public offering of 2020 as investors subscribed to more than 157 times the number of shares on offer in a buoyant stock market. The quick service restaurant chain’s IPO performance almost matched state-run Mazagon Dock Shipbuilders’ share sale in October which was subscribed more than 157.41 times. Burger King’s ₹810 crore …

Burger King India IPO subscribed over 150 times
4 years ago

Burger King India IPO subscribed over 150 times

Live Mint  

Burger King India's initial public offer was subscribed a whopping 156.65 times as of 5 pm on the final day of subscription. The company's initial public offer received bids for 11,66,93,73,500 shares against the total offer size of 7,44,91,524 shares, as per data available with the NSE. The initial public offer will see the Indian subsidiary of the US-based Burger …

Burger King India IPO subscription status: Retail portion sees heavy demand
4 years ago

Burger King India IPO subscription status: Retail portion sees heavy demand

Live Mint  

The IPO of Burger King India was subscribed 9.38 times at the end of second day of subscription. 60, Burger King is available at 29x FY20 EV/EBITDA & 3.6x FY20 EV/Sales which seems attractive considering its robust growth in store additions and future revenue, recommend “Subscribe” with a long-term perspective," Geojit said in a note. Ahead of the IPO, Burger …

Everstone’s healthy returns may be luring retail investors to Burger King’s IPO
4 years ago

Everstone’s healthy returns may be luring retail investors to Burger King’s IPO

Live Mint  

Mumbai: Private equity firm Everstone Capital and its co-investors, which own the quick service restaurant chain Burger King India have generated double digit returns from their investment in the company, Mint analysis shows. At the IPO valuation, the investors have seen their investment in Burger King India grow at an internal rate of return of 28% in rupee terms, Mint …

Burger King India IPO subscribed 9.38 times on second day of subscription
4 years ago

Burger King India IPO subscribed 9.38 times on second day of subscription

India TV News  

Burger King India's initial public offer was subscribed 9.38 times on the second day of subscription on Thursday. The company's initial public offer received bids for 69,86,61,250 shares against the total offer size of 7,44,91,524 shares, as per data available with the NSE. The portion meant for qualified institutional buyers was subscribed 2.70 times, non institutional investors 3.61 times and …

Small investors flock to Burger King IPO
4 years ago

Small investors flock to Burger King IPO

Live Mint  

Euphoric retail investors led to over subscriptions of Burger King India Ltd initial public offering on Wednesday. The ₹810 crore issue of the quick service restaurant chain, Burger King India Ltd was subscribed over three times at the end of first day of bidding. Burger King India’s premium positioning targeted for millennials, perhaps, has attracted retail investors to the issue …

Burger King’s IPO fully subscribed on first day on strong retail interest
4 years ago

Burger King’s IPO fully subscribed on first day on strong retail interest

Live Mint  

Mumbai: The initial public offer of quick service restaurant chain, Burger King India Ltd was fully subscribed till noon on the first day of bidding on Wednesday. Fidelity Funds - India Focus Fund is the biggest investor as it is allocated 8.23% of the anchor investment portion followed by Eastspring Investments India Consumer Equity Open Ltd and Government of Singapore …

Burger King IPO: Fast food chain raises ₹364.5 cr from anchor investors
4 years ago

Burger King IPO: Fast food chain raises ₹364.5 cr from anchor investors

Live Mint  

MUMBAI: Quick service restaurant chain, Burger King India Ltd raised ₹364.5 crore from a clutch of institutional investors ahead of the opening of its initial public offer for subscription today. Fidelity Funds-India Focus Fund is the biggest investor as it was allocated 8.23% of the anchor investment portion followed by Eastspring Investments India Consumer Equity Open Ltd and the Government …

Burger King India IPO opens today: Price band, subscription - all you need to know
4 years ago

Burger King India IPO opens today: Price band, subscription - all you need to know

India TV News  

US-based quick service restaurant chain Burger King's Indian arm will hit the capital markets on Wednesday as part of its plans to raise Rs 810 crore to fund expansion and pare debt. The promoter entity of the chain, QSR Asia Pte Ltd will sell up to 6 crore shares, aggregating to Rs 360 crore at the upper end of the …

Burger King IPO: Analysts recommend subscribe
4 years ago

Burger King IPO: Analysts recommend subscribe

Live Mint  

The IPO of Burger King India, fast growing international QSR chain in India will open for subscription today, on December 2. ICICI Securities has given a subscribe rating to the issue citing that Burger King India is benefiting from reduced competition from unorganised smaller local restaurants due to Covid related disruptions and expansion of food delivery businesses, the company is …

Burger King IPO a top buy on attractive valuations, say analysts
4 years ago

Burger King IPO a top buy on attractive valuations, say analysts

Live Mint  

MUMBAI: The initial public offering of Burger King India Ltd is set to open for subscription on Wednesday and analysts find the issue attractive. Despite the strict lockdown hitting restaurant sectors across the world, analysts feel that the growth prospect of Burger King India Ltd is strong. Besides, Burger King India’s flexibility in tailoring menu to Indian tastes, promotions and …

Burger King IPO almost fully subscribed in just two hours
4 years ago

Burger King IPO almost fully subscribed in just two hours

Live Mint  

The IPO of quick service restaurant chain Burger King opened today and was 1.5 times subscribed by 12:30 pm today. Here are 10 things to know about Burger King IPO: 1) Lot size: Bids can be made for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter. 2) Burger King IPO comprises a fresh issue …

Burger King IPO to open on Dec 2; price band fixed at Rs 59-60 per share
4 years ago

Burger King IPO to open on Dec 2; price band fixed at Rs 59-60 per share

India TV News  

Quick service restaurant chain Burger King will hit the capital markets on December 2, and the price band of the initial public offering has been fixed at Rs 59-60 per share. The proposed IPO will see the Indian subsidiary of the US-based Burger King raise Rs 810 crore, comprising a fresh issue of shares amounting to Rs 450 crore, the …

Burger King is all set for ₹810 cr IPO
4 years ago

Burger King is all set for ₹810 cr IPO

Live Mint  

Quick service restaurant chain Burger King India Ltd on Friday set a price band of ₹59-60 per share for its ₹810 crore initial public offering opening on 2 December. The company will sell new shares worth ₹450 crore to the public, while promoter entity QSR Asia Pte Ltd, owned by private equity firm Everstone Group and its limited partners, will …

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