Burger King IPO: All the information investors should know while applying for this IPO

Burger King India Limited is one of the fastest-growing international QSR chains in India during the first five years of its operations based on the number of restaurants (Source: Technopak). The issue opens tomorrow on 2nd of December and closes on Friday the 4th of December. The price band of the issue is Rs 59 – Rs 60. Bid lot of the issue will be 250 shares and the multiple thereof. The size of the issue is Rs 810 cr.

As the national master franchisee of the BURGER KING brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. The company’s master franchisee arrangement provides them with the ability to use Burger King’s globally recognized brand name to grow its business in India while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.

The Burger King brand, also known as the HOME OF THE WHOPPER, 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, which includes 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 US territories as of Sept 30, 2020.

Since opening its first restaurant in Nov 2014, the company has used its well-defined restaurant roll out and development process with the aim of growing quickly, consistently and efficiently into a pan-India QSR chain and capitalizing on the growing market opportunity in India for QSR restaurants.

The Burger King Corporation awarded us the Global Master Franchisee of the Year in 2018 for its company’s strong business performance on sales, operations, development and profitability. Further, the company has consistently won regional performance awards since 2015, including APAC Master Franchisee of the Year and APAC Operator of the Year in 2018 and 2019, as well as APAC Marketer of the Year in 2017 and 2018.

Points to remember while applying for IPOs:

Investors can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.

Investors will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.

To avoid rejection, download the latest version of the app.

Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.

As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.

The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate.

IMPORTANT: Do not share your UPI PIN with anyone.

If you forget the UPI PIN, simply reset it instead of entering a wrong one.

If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.

There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.