News Details
Category : IPO
Headline : Burger King India announces launch of initial public offering
Date: 27/11/2020 16:30
Burger King India Ltd. has announced public offering of 135000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 50.00 per share. The gross proceeds of the issue are expected to be Rs 81,000.00 lakhs.

The company's initial public offer (IPO) will open on 02 December 2020 and is expected to close on 04 December 2020, subject to customary closing conditions. The price band of the issue has been fixed at Rs 59.00-69.00 per share.

The IPO includes a fresh Issue of 135000000 Equity Shares of the Company at an price of Rs 60.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 250 shares with bids in multiples of 250.

Burger King India Ltd. anticipates using the proceeds of the issue for (i) Repayment or prepayment of outstanding borrowings of our Company obtained for setting up of new Companyowned Burger King Restaurants (ii) Capital expenditure incurred for setting up of new Companyowned Burger King Restaurants General corporate purposes.

as lead manager & Link Intime India Private Limited is the registrar, to the issue.