Burger King India Ltd

About the Company:

Burger King India Ltd is one of the fastest growing international QSR chains in India during the first five years of our operations based on number of restaurants.

As the national master franchisee of the BURGER KING® brand in India, company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India.

The master franchisee arrangement provides company with the ability to use Burger King’s globally recognised brand name to grow our business in India, while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.

As at June 30, 2019, we had 202 restaurants, including seven Sub-Franchised Burger King Restaurants, across 16 states and union territories and 47 cities across India.

Company plans to have approximately 325 restaurants, including Sub-Franchised Burger King Restaurants, open by December 31, 2020.

 

Burger King brand:

The globally recognised Burger King brand 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 that include the BURGER KING®, POPEYES® and TIM HORTONS® brands.

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 over 18,000 restaurants in more than 100 countries and U.S. territories as at June 30, 2019.

 

Growth in Restaurants since start of Operations: 

 

Master Franchise and Development Agreement:

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 over 18,000 restaurants in more than 100 countries and U.S. territories as at June 30, 2019.

Under the Master Franchise and Development Agreement, our Company has been granted the exclusive right to develop, establish and operate and franchise the Burger King restaurants in India.

Since opening of the first Burger King restaurants in India in November 2014, our Company has grown to a pan-India QSR chain with 202 restaurants, including seven sub-franchised restaurants, across 16 states and union territories and 47 cities across India as at June 30, 2019.

Further, under the Master Franchise and Development Agreement, Company is required to develop and open at least 700 restaurants by December 31, 2025.

Company’s master franchisee arrangement, which expires on December 31, 2039, provides us with the ability to use Burger King’s globally recognised brand name to grow our business in India, while leveraging the technical, marketing and operational expertise associated with the global Burger King.

Company also enjoys favourable royalty rates that are capped at 5% under the master franchisee arrangement.

 

QSR Market in India (Outlet count and by Revenue): 

 

Management Team:

  1. Mr. Shivakumar Pullaya Dega (Designation: Chairman and Independent Director)
  2. Mr. Rajeev Varman (Designation: Chief Executive Officer and Whole Time Director)

 

Objectives of the Issue:

The Net Proceeds from the Fresh Issue are proposed to be utilised in the following manner:

  • Funding roll out of new Company-Owned Burger King Restaurants.
  • General corporate purposes.

 

Funding roll out of new Company-owned Burger King Restaurants:

  • Company proposes to utilise a portion of the Net Proceeds i.e. Rs.290 crores, towards expansion of Burger King restaurants in India during Fiscal 2020 and 2021.

 

Financials of the Company:

(in Crores) FY 17 FY 18 FY 19 30th June 19
Revenue 234.1 388.7 644.1 214.26
Net Profit (-71.8) (-82.2) (-38.2) (-1.76)

 

Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Burger King India Ltd 10 (1.44) Will be Updated (15.33)% 9.42
Jubilant Foodworks Ltd 10 24.23 65.02 25.39% 95.45
Westlife Development Ltd 2 2.58 134.67 6.91% 37.47

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IPO Details:

Details Info
Issue Opens on Will be Updated
Issue Closes on:. Will be Updated
Issue Price Will be Updated
Face Value Will be Updated
Minimum Lot Will be Updated
Minimum Investment Will be Updated
Issue Constitutes Will be Updated
Issue Size Will be Updated
Market Cap Will be Updated
Listing at NSE & BSE
Equity Shares Offered Will be Updated
Equity Shares Prior 26,66,30,674
Equity Shares after the issue Will be Updated

 

Important Dates:

Finalization of Basis of Allotment Will be Updated
Initiation of Refunds Will be Updated
Credit of Equity Shares: Will be Updated
Listing Date: Will be Updated

 

Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 00:00) Shares Offered Day-1 Day-2 Day-3
QIB
NII
Retail
Employee
TOTAL

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
(-1.44) Will be Updated (-15.33%) 9.30

 

 

Check IPO Allotment Status:

Link InTime Website (Click on the below Link)

https://linkintime.co.in/PublicIssue/

 

Company Contact Info:
Burger King India Limited
Unit Nos.1003 to 1007
10th Floor, Mittal Commercia
Asan Pada Rd
Chimatpada Marol, Andheri (E)
Mumbai, Maharashtra 400 059
Tel: +91 22 7193 3047
Email: investor@burgerking.in
Website: www.burgerkingindia.in

 

IPO Registrar Info:
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai, Maharashtra 400 083
Tel: +91 22 4918 6200
E-mail: burgerking.ipo@linkintime.co.in
Website: www.linkintime.co.in