Burger King India Limited will Open the Bid/ Offer Period in Relation to its Initial Public Offer

Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesday, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.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).Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesday, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.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 thhow much iron bisglycinate is equivalent to ferrous sulfatee 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.Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesday, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter.Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesday, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (SCRR) read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations). This Offer is being made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulatio200mg ferrous fumaratens wherein not less than 75 per cent of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs) (QIB Portion), provided that the Company and the Promoter Selling Shareholder in consultation with the BRLMs may allocate up to 60 per cent of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5 per cent of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Ancferrous gluconate used in oliveshor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75 per cent of the Offer cannot be Allotted to QIBs, the Bid Amounts received by the Company shall be refunded.Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesday, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.Further, not more than 15 per cent of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10 per cent of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (ASBA) process by providing details of their respective bank accounts (including UPI ID in case of RIBs, if applicable) which will be blocked by the Self Certified Syndicate Banks (SCSBs) to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA Process.Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesday, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.The Net Proceeds from the Fresh Issue are proposed to be utilised for funding roll out of new Company-owned Burger King Restaurants by way of: (i) Repayment or prepayment of outstanding borrowings ferrous fumarate and folic acid suspension tablet uses in hindiof the Company obtained for setting up of new Company-owned Burger King Restaurants; and (ii) Capital expenditure incurred for setting up of new Company-owned Burger King Restaurants, and for general corporate purposes.Burger King India Limited will open the bid/ offer period in relation to its initial public offer of equity shares of face value of Rs 10 each on Wednesdferrous bisglycinate tablet side effectsay, December 2, 2020. The bid/ offer period will close on Friday, December 4, 2020. The price band of the offer has been fixed at Rs 59 to Rs 60 per equity share.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.