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Burger King raises Rs 364.5 crore from 55 anchor investors at an upper price band of Rs 60 per equity share

Posted On: 2020-12-01 22:10:54 (Time Zone: Arizona, USA)


Burger King India Limited, one of the fastest growing international QSR chains in India during the first five years of operations based on number of restaurants (Source: Technopak), allotted 6,07,50,000 equity shares to 55 anchor investors and raised Rs 364.50 crore ahead of the company's proposed IPO at an upper price band of Rs 60 per equity shares.

Fidelity Funds - India Focus Fund - 8.23%
Eastspring Investments India Consumer Equity Open Limited - 7.13%
Government of Singapore - 6.79%
Amansa Holdings Private Limited - 6.72%
Fidelity Investment Trust - Fidelity Emerging Markets Fund - 6.35%
ICICI Prudential Midcap Fund - 4.76%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Small Cap Fund - 4.42%
Elara India Opportunities Fund Limited - 3.84%
Matthews India Fund - 3.84%
Sundaram Mutual Fund A/C Sundaram Services Fund - 3.02%
Nippon Life India Trustee Limited - A/C Nippon India Small Cap Fund - 2.74%
Valiant India Opportunities Fund - 2.74%
SBI Magnum Midcap Fund - 2.74%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Midcap Fund - 2.72%
ICICI Prudential Value Fund - Series 20 - 2.38%
Steinberg India Emerging Opportunities Fund Limited - 2.20%
IDFC Emerging Businesses Fund - 1.92%
IDFC Dynamic Equity Fund - 1.92%
Fidelity Investment Trust - Fidelity Emerging Asia Fund - 1.88%
HDFC Trustee Company Ltd. A/C HDFC Hybrid Debt Fund - 1.51%
HDFC Trustee Company Ltd. A/C HDFC Focused 30 Fund - 1.51%
HDFC Trustee Company Ltd. A/C HDFC Multi-Asset Fund - 1.51%
Monetary Authority of Singapore - 1.44%
Samsung India Securities Master Investment Trust Equity - 1.37%
Integrated Core Strategies Asia PTE Ltd. - 1.37%
SBI Magnum Global Fund - 1.37%
SBI Contra Fund - 1.37%
HDFC Trustee Co. Ltd. A/C HDFC Retirement Savings Fund - Hybrid - Equity Plan - 1.37%
Invesco Trustee Private Limited -A/C Invesco India Smallcap Fund - 1.37%
Driehaus Emerging Markets Small Cap Growth Fund, A Series of Driehaus Mutual Funds - 1.37%
HDFC Trustee Company Ltd. A/C HDFC Infrastructure Fund - 1.10%
SBI Magnum Children's Benefit Fund - Investment Plan - 0.82%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series III - 0.57%
Nippon Life India Trustee Limited - A/C Nippon India Consumption Fund - 0.55%
Nippon Life India Trustee Limited - A/C Nippon India Retirement Fund - Wealth Creation Scheme - 0.55%
SBI Long Term Advantage Fund - Series IV - 0.55%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series II - 0.46%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series I - 0.42%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XIV - 0.32%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series IV - 0.32%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XV - 0.31%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XII - 0.29%
SBI Magnum Children's Benefit Fund - 0.27%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series VII - 0.22%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XVI - 0.20%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series III - 0.20%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XVII - 0.17%
HDFC Trustee Co. Ltd. A/C HDFC Retirement Savings Fund - Hybrid - Debt Plan - 0.15%
Sundaram Mutual Fund A/C Sundaram Long Term Tax Advantage Fund Series III - 0.12%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series V - 0.11%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series V - 0.11%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series VI - 0.10%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series IV - 0.08%
Sundaram Mutual Fund A/C Sundaram Long Term Tax Advantage Fund Series IV - 0.08%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series VI - 0.06%

The initial public offering comprises of a fresh issue of Equity Shares aggregating up to Rs. 4,500 million* by the company ("Fresh Issue") and an offer for sale of up to 60,000,000 Equity Shares by QSR Asia Pte. Ltd. ("Promoter Selling Shareholder") ("Offer for Sale", and together with the fresh issue, "Offer").

The company has undertaken a pre-ipo placement by way of a: (i) Rights Issue of 1,32,00,000 equity shares to the Promoter Selling Shareholder for cash at a price of Rs. 44 per equity share aggregating to Rs. 580.80 million pursuant to the resolution of the board dated May 23, 2020; and (ii) Preferential allotment of 15,712,820 Equity Shares to AIL for cash at a price of Rs. 58.50 per equity share aggregating to Rs. 919.20 million, in consultation with the BRLMs, pursuant to the resolution of the board dated November 18, 2020. The size of the fresh issue of up to Rs. 6,000 million has been reduced by Rs. 1,500 million pursuant to the pre-IPO placement, and accordingly, the fresh issue size is up to Rs. 4,500 million.

Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter.

The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", together with BSE, the "Stock Exchanges") post the listing. For the purpose of the Offer, BSE is the Designated Stock Exchange.

Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited and JM Financial Limited are the Book Running Lead Managers to the Offer.


Source: Equity Bulls

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