Is it profitable to invest in Burger King IPO?

Revenue growth has been impressive at 54\% CAGR over the past 3 years, however it hasn’t been profitable. It has had to resort to debt and equity dilution to fund its expansion.

How much does Burger King make in IPO?

Burger King India’s market capitalisation has also zoomed to Rs 7,604.47 crore today, from Rs 4,402 crore on the listing day. Burger King will raise Rs 450 crore from the issue while Rs 360 crore will come from the Offer For Sale (OFS) for the promoters of the firm.

Is it profitable to buy Burger King share?

“Burger King brand has all the ingredients of establishing itself in the Indian QSR market over the long term, if it executes its strategy well. It is still not profitable and we expect it to report profit by FY23. At the current market price, it trades at 36.6 times FY22 Ebitda and 24 times FY23 Ebitda.

Is IPO of Burger King Good?

NEW DELHI: Burger King stock surged 10 per cent in Thursday’s trade, taking its gains to 265.25 per cent over the issue price, after just four days of its listing on the stock exchanges. The value of Rs 15,000 worth one Burger King lot of 250 shares invested in the IPO are valued at Rs 54,787.50 today.

Should one invest in IPO?

It is wise for investors to take enough precautions while investing in IPOs as at times such investment could be riskier than perceived. If the business looks too risky as per the advice of market participants and does not match well with your risk-taking ability, it is better to avoid investing in IPOs.

What is Burger King IPO?

Burger King was listed at Rs 108.40 apiece, last year in December. Since then, the stock has soared over 63 per cent, while it has zoomed a massive 195 per cent from IPO price of Rs 60 apiece.

When can I sell Burger King IPO?

The IPO opens on Dec 2, 2020, and closes on Dec 4, 2020.

Who sold Burger King today?

MUMBAI: Eastspring Investments India Consumer Equity Open Fund sold 2.75 million shares of Burger King India at Rs 154.92 through a bulk deal on the National Stock Exchange today.

Is Burger King IPO oversubscribed?

How was the IPO received by the investors? The IPO evoked a massive oversubscription of 157 times. The retail individual investors segment of the IPO was subscribed over 68 times while the portion meant for qualified institutional buyers (QIBs) was subscribed close to 87 times and non-institutional investors 354 times.

Who got Burger King IPO?

Burger King India plans to use the IPO proceeds to open new stores and reduce debt. Burger King India had on December 1 raised ₹364.5 crore from anchor investors. Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services, and JM Financial were the managers to the offer.

When will Burger King IPO open for subscription in India?

Continuing the momentum of IPO’s being launched in India, Burger King India Limited’s IPO was open for subscription between December 2 and 4, 2020. Burger King ‘s shares were listed on the bourses on December 14. The company’s stock price ended 125\% higher at Rs 135 per share on the first day of its listing. It listed at a premium of 92\%.

What is the price of burburger King IPO?

Burger King IPO is a main-board IPO of 135,000,000 equity shares of the face value of ₹10 aggregating up to ₹810.00 Crores. The issue is priced at ₹59 to ₹60 per equity share. The minimum order quantity is 250 Shares. The IPO opens on Dec 2, 2020, and closes on Dec 4, 2020.

When will the Burger King IPO allotment be done?

The finalization of Basis of Allotment for Burger King IPO will be done on Dec 9, 2020, and the allotted shares will be credited to your demat account by Dec 11, 2020. Check the Burger King IPO allotment status. When is Burger King IPO listing date? The Burger King IPO listing date is on Monday, December 14, 2020.

Is Burger King India a profitable company?

Between 2017 and 2019, the total revenue of Burger King India has shown a CAGR of about 40.12\%. During that period, the total assets grew at 9.64\%. Now, coming to the net profit, it is interesting to note that Burger King India is not a profitable company.