Burger King’s initial public offer (IPO) will contains fresh issue of equity shares amounting to ₹ 542 crore and a suggestion purchasable of up to six crore equity shares by the promoter QSR Asia, consistent with the draft red herring prospectus (DRHP) filed with Sebi.
Burger King India, a fast service chain in India, has filed papers with market regulator Securities and Exchange Board of India (Sebi) to boost ₹ 542 crore through fresh issuance of shares. Burger King’s initial public offer (IPO) will contains fresh issue of equity shares amounting to ₹ 542 crore and a suggestion purchasable of up to six crore equity shares by the promoter QSR Asia, consistent with the addendum to the draft red herring prospectus (DRHP) filed with Sebi. The shares are going to be listed on the BSE and therefore the NSE.
Burger King India had filed draft papers with Sebi earlier in November 2019 to boost ₹ 400 crore through fresh issue of shares and a suggestion purchasable of up to six crore equity shares by QSR Asia. it’s now increased the funding issue size, within the additional papers filed with the market regulator.
Burger King India will use the IPO proceeds to start out new company-owned Burger King Restaurants and for general corporate purposes. It plans to roll out around 700 restaurants, including sub-franchised outlets by New Year’s Eve , 2026, consistent with its draft prospectus.
Burger King India has 261 restaurants in 57 cities across the country, in places like Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh, Ludhiana, Amritsar and Kochi.
