Burger King Ltd - IPO Opens 2 December 2020

Burger King is India's fastest growing quick-service restaurant chains. It is the second-largest fast-food burger brand, having 216 restaurants/outlets and 8 sub-franchised restaurants.

It has the exclusive rights to establish, develop, and operate Burger King branded outlets in India. The company caters to Indian tastes and preferences by continually evolving food and product offerings. It has established branches in high-traffic areas in the key metropolitan cities across India.

Competitive strengths:

• Strong customer value proposition.
• Exclusive franchise rights in India.
• Brand value and customer loyalty.
• Vertically scalable supply chain.
• An experienced and professional management team.

Company Promoters:

QSR Asia Pte. Ltd is the promoter of the company.

Company Financials:

Particulars	For the year/period ended (₹ in Million)
Summary of financial Information (Restated Consolidated)	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	11,771.18	11,977.07	9,204.72	7,303.55
Total Revenue	1,516.54	8,468.29	6,441.30	3,887.37
Profit After Tax	1,189.46	765.70	382.79	822.32

Objects of the issue:

The net proceeds from the IPO would be used for the following:

• The roll-out of new company-owned Burger King restaurants.
• General corporate purposes.

( Read Detailed Report )

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