Restaurant Brands Asia Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹60
Per ShareLot Size
250 Shares
Minimum Investment
₹15,000
Issue Size
₹804 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Restaurant Brands Asia Ltd
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE07T201019
About the Company
Burger King India Ltd is one of the fastest growing international Quick Service Restaurant chains in India during the first five years of its operations based on number of restaurants. (Source: Technopak). It is the national master franchisee of the Burger King brand in India, which is the second largest fast food burger brand globally based on total number of restaurants as at September 30, 2020. Its customer proposition focuses on its value leadership, variety, wide vegetarian offering, taste advantage and flame grilling expertise in order to offer customers quality products tailored to Indian tastes and preferences at attractive price points.
Industry Overview
Although the Quick Service Restaurant(QSR) market has been adversely affected by the COVID-19 pandemic, the Indian QSR market is supported by a number of macroeconomic and demographic factors that are conducive to further market growth, including increasing nuclearization of families, rising disposable incomes, India's growing workforce, urbanisation, changing consumption patterns and improved connectivity and mobility, which have led to increases in eating out. This has also been supported by growing infrastructure for the QSR format and increased access to QSRs through delivery aggregators. Key drivers for demand in the industry include India-centric offerings, the growing millennial population, premium product offerings, discounting, beverage offerings, online food ordering and delivery, and social media and tech-savvy consumers.
Growth Strategy
- Maintain the pace of expansion of company's restaurant network
- Continue to build on company's value leadership
- Continue to grow company's brand awareness and loyalty
- Actively manage unit economics and achieve economies of scale through operational leverage
- Leverage technologies across company's business
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 135,000,000 equity shares of face value of Rs. 10 each ("equity shares") of the company for cash at a price of Rs. 60 per equity share (including a share premium of Rs. 50 per equity share for the fresh issue) ("offer price") aggregating to Rs. 810 Crores, comprising a fresh issue of 75,000,000 equity shares aggregating to Rs. 450 Crores by the company ("fresh issue") and an offer for sale of up to 60,000,000 equity shares aggregating to Rs. 360 Crores by QSR Asia Pte Ltd ("promoter selling shareholder") ("offer for sale", and together with the fresh issue, "offer"). The offer constitutes 35.37% of the post-offer Paid-up equity share capital. The Face value of each equity share is Rs. 10. The offer price is six times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Exclusive national master franchise rights in India
- Strong customer proposition
- Brand positioned for millennials
- Vertically managed and scalable supply chain
- Operational quality, a people-centric operating culture and effective technology systems
- Real and perceived health concerns arising from food-borne illnesses, health epidemics, food quality, allergic reactions or other negative food-related incidents could have a material adverse effect on company's business, results of operations, financial condition and prospects.
- Company's exclusive right to develop, operate and franchise Burger King restaurants in India depends on the Master Franchise and Development Agreement, which imposes certain restrictions and other obligations on its operations and the termination of which would adversely affect our business, results of operations, financial condition and prospects.
- Demand for company's products may decrease due to changes in consumer preferences and food habits, which could have a material adverse effect on our business, results of operations, and financial condition.
- Company's business depends in part on the continued international success and reputation of the Burger King brand globally, and any negative impact on the Burger King brand may adversely affect its business, results of operations and financial condition.
- Deterioration in the performance of, or company's relationships with, third-party delivery aggregators, may adversely affect its business, results of operations and financial condition.