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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 IPO advisory group of the governing body of the organization's goal on December 1, 2020, and the advertiser selling investor in interview with the.... book running lead chiefs or BRLMs have settled designation of 6,07,50,000 value partakes in total, to secure speculators at the anchor financial specialist distribution cost of Rs 60 for each value share," as per a BSE round.

The anchor investors include Government of Singapore,?Sundaram Mutual Fund, SBI Mutual Fund, Integrated Core Strategies Asia Pte Ltd, HDFC Trustee Company Ltd, SBI Mutual Fund and ICICI Prudential Mutual Fund.

The Burger King  chain, which currently operates 268 stores in India, of which eight are franchises mainly located at airports and the rest are company-owned, has fixed the price band of the initial public offering (IPO) at Rs 59-60 per share.

In addition, promoter entity QSR Asia Pte Ltd will sell up to six crore shares, aggregating to Rs 360 crore at the upper end of the price band. The issue, which would open on Wednesday, will close on Friday (December 4). Currently, the QSR chain employs 4,836 people, including at its restaurants and corporate office.

 

 

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