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Burger King IPO - Buy or Not ?

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bikidas2060

Burger King IPO is set to open on 2nd Dec 2020. Price band has been set to 59/60₹

The proposed IPO will see the company raise ₹810 crore, comprising a fresh issue of shares amounting to ₹450 crore, while the promoter entity QSR Asia Pte Ltd will sell up to 60 million shares, aggregating to ₹360 crore at the upper end of the price band.
Source: https://www.livemint.com/market/stock-market-ne...

Deal Wiki

Burger King IPO Details

IPO Date Dec 2, 2020 – Dec 4, 2020
Issue Type Book Built Issue
*IPO Issue Size 135,000,000 Eq Shares of ₹10 (aggregating up to ₹810.00 Cr)

  • Fresh Issue 75,000,000 Eq Shares of ₹10 (aggregating up to ₹450.00 Cr)
  • Offer for Sale 60,000,000 Eq Shares of ₹10 (aggregating up to ₹360.00 Cr)
    Face Value ₹10 per equity share
    IPO Price ₹59 to ₹60 per equity share
    Market Lot 250 Shares
    Min Order Quantity 250 Shares
    Listing At BSE, NSE

Burger King IPO Tentative Date / Timetable
Bid/Offer Opens On Dec 2, 2020
Bid/Offer Closes On Dec 4, 2020
Finalisation of Basis of Allotment Dec 9, 2020
Initiation of Refunds Dec 10, 2020
Credit of Shares to Demat Acct Dec 11, 2020
IPO Shares Listing Date Dec 14, 2020

Burger King IPO Lot Size and Price (Retail)

  • Minimum 1 lot (250 shares)=₹15,000
  • Maximum 13 lots (3250 shares) = ₹195,000

Burger King IPO Registrar (In case any mishap happens)
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
(Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime...in)

Company Promoters:
QSR Asia Pte. Ltd is the promoter of the company.

DRHP: https://listing.bseindia.com/download/348994/IP...

data source: https://www.chittorgarh.com/ipo/burger-king-ipo...

IPO Status:
retail 68.15x
NII 354.11x
QIB 86.64x
Total 156.65x

as of Dec 04, 2020 / 5:00PM IST
210 Comments  |  
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Deal Captain Deal Captain
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bikidas2060 wrote:

@BubbleBoyChickenLittle @guest_999 @garamjalebi @homedimer @Shahskm @drupal @THE_Beast @mrKool_JJ @malikcool @androgame @MSDfan @mas143forever @amdoinggood123 @Bk100 @adrishya

Guys give your opinions

Option C will be most preferred option.
Bad fundamentals and total loss making co. Don’t know what are the promoters thinking of getting this IPO (Profit to hoga solid tohi DHRP file kiya hoga). GMP looks solid and shouldn’t dip if it drops drastically i’ll avoid since having a burger is not an essential thing for anyone.
Please do give me your views as well.

#ApkaApnaJJ biggrin

Hunk Hunk
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MrKool_JJ wrote:

Option C will be most preferred option.
Bad fundamentals and total loss making co. Don’t know what are the promoters thinking of getting this IPO (Profit to hoga solid tohi DHRP file kiya hoga). GMP looks solid and shouldn’t dip if it dips drastically i’ll avoid since having a burger is not an essential thing for anyone.
Please do give me your views as well.

#ApkaApnaJJ biggrin

Right Bhauuu smiling_imp

Deal Cadet Deal Cadet
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According to recent IPO there will be instant gain in in the opening day market bike for the rush for the IPO

Critic Critic
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Same as above, will wait till last day for the ipo subscription figures & overall mood of economy now that it has officially entered recession.

Deal Lieutenant Deal Lieutenant
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It looks like aggressive pricing.

Brand is not strong enough to warrant long term investment.

Any body can invest in small quantities for initial listing gain .

For long term investment we have to wait for more clarity on business development in coming days.

Hunk Hunk
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Bk100 wrote:

It looks like aggressive pricing.

Brand is not strong enough to warrant long term investment.

Any body can invest in small quantities for initial listing gain .

For long term investment we have to wait for more clarity on business development in coming days.

Bhai I have a doubt. Gland Pharma did not have spectacular subscription. Why did it move up so much???

Deal Lieutenant Deal Lieutenant
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guest_999 wrote:

Same as above, will wait till last day for the ipo subscription figures & overall mood of economy now that it has officially entered recession.

Coming out of recession is more opt word.

2nd quarter figure is – 7.5 %

So we can expect marked improvement on 3rd and 4th quarter.

Even
raising gst collection gives confidence for upcoming quarters.

Deal Lieutenant Deal Lieutenant
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bikidas2060 wrote:

Bhai I have a doubt. Gland Pharma did not have spectacular subscription. Why did it move up so much???

Don’t put money on this assumption that Gland moved despite vv low figures, so BK would too. Control what you can and what you know. Our own personal finance is within our control. Objective should be to act in tandem with our personal finance. Market is always Unpredictable.

Deal Lieutenant Deal Lieutenant
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bikidas2060 wrote:

Bhai I have a doubt. Gland Pharma did not have spectacular subscription. Why did it move up so much???

Gland pharma has strong business model.

You can enter in to that stock gradually on corrections for long term investment even now

Hunk Hunk
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BubbleBoyChickenLittle wrote:

Don’t put money on this assumption that Gland moved despite vv low figures, so BK would to. Control what you can and what you know. Our own personal finance is within our control. Objective should be to act in tandem with our personal finance. Market is always Unpredictable.

Bhai actually I wanted to know the reason. Exactly what happened in Gland! So that such opportunities wont get missed in future.

Deal Cadet Deal Cadet
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bikidas2060 wrote:

Bhai actually I wanted to know the reason. Exactly what happened in Gland! So that such opportunities wont get missed in future.

Situations will be such that we will keep missing Gland like IPO’s  smile

Deal Captain Deal Captain
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If GMP apply, if No GMP don’t apply.
All other things are useless.

Critic Critic
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Bk100 wrote:

Coming out of recession is more opt word.

2nd quarter figure is – 7.5 %

So we can expect marked improvement on 3rd and 4th quarter.

Even
raising gst collection gives confidence for upcoming quarters.

Don’t get misled by figures comparison of this quarter with earlier quarter as anything will show good jump compared to first qtr of this FY. RBi already sounded an alarm over increasing inflation because of increased money supply in the market & govt just made a record yesterday in bond market by launching 3rd 10 year govt bonds in a single year to meet its increased borrowing. Country’s fiscal deficit is now 120% of annual target.
@bikidas2060 @BubbleBoyChickenLittle @mrKool_JJ

Deal Lieutenant Deal Lieutenant
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guest_999 wrote:

Don’t get misled by figures comparison of this quarter with earlier quarter as anything will show good jump compared to first qtr of this FY. RBi already sounded an alarm over increasing inflation because of increased money supply in the market & govt just made a record yesterday in bond market by launching 3rd 10 year govt bonds in a single year to meet its increased borrowing. Country’s fiscal deficit is now 120% of annual target.
@bikidas2060 @BubbleBoyChickenLittle @mrKool_JJ

What are the basis of figures you are posted.

Give me link for these figures .

Main hawa hawa ki BAAT pe believe Nahin kartha.

We are in golden period of investment in market till 2050.

Covid induced recession is one of event.

It dose not change India’s and markets long term outlook.
Deal Cadet Deal Cadet
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Bk100 wrote:

We are in golden period of investment in market till 2050.

bhai.. yeh kuch jada nahi ho gaya… smile

Deal Cadet Deal Cadet
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bikidas2060 wrote:

@BubbleBoyChickenLittle @guest_999 @garamjalebi @homedimer @Shahskm @drupal @THE_Beast @mrKool_JJ @malikcool @androgame @MSDfan @mas143forever @amdoinggood123 @Bk100 @adrishya
@xuseronline

Guys give your opinions

amansa holding private Ltd ne 90 crore lagaya hai they are holding 22 stocks in total of their 15k crore value fund which was worth 5k crore in 2015

Deal Lieutenant Deal Lieutenant
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garamjalebi wrote:

amansa holding private Ltd ne 90 crore lagaya hai they are holding 22 stocks in total of their 15k crore value fund which was worth 5k crore in 2015

And that’s not even 1% of their entire portfolio. wink

Deal Lieutenant Deal Lieutenant
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gc1992 wrote:

bhai.. yeh kuch jada nahi ho gaya… smile

NAhin .

Our demography is very young and upper middle class is growing.so consumption related growth will remain strong .

As per census reports India will over take China in population in 2040.

Our demography will remain skewed towards young till 2050.

In next 10 year -

China will become number 1 market of world.

India will become number 2 market of world

These are all of demographic dividends.

In next 10 years – each passing year western countries demography becomes older and older.
And there population continue to fall.this going to affect there consumption pattern.
These countries need to continue importing labour from other countries to replace there retiring labour force

So in next 20 to 30 years we are completely in uncharted territory and China and India expected to benefit from these Changes in world order.

Missing