InvestorQ : Can you tell me about the proposed Burger King IPO?
Anjana Aiyar made post

Can you tell me about the proposed Burger King IPO?

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Khushi Patel answered.
7 months ago
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The fast food chain, Burger King India, has filed an addendum to the draft red herring prospectus or DRHP with SEBI. It has now increased the fresh issue size from Rs.400 crore to Rs 600 crore. Out of this Rs.150 crore will be placed privately.

As per the modified addendum filed with SEBI, the IPO will comprise a fresh issue of Rs.541.92 crore and an offer for sale of 6 crore equity shares by the promoters of Burger King. The funds will be used to finance the roll out of new company-owned Restaurants.

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