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Burger King IPO to open on Dec 2; price band fixed at Rs 59-60 per share

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Quick service restaurant (QSR) chain Burger King will hit the capital markets on December 2, and the price band of the initial public offering (IPO) has been fixed at Rs 59-60 per share. The proposed IPO will see the Indian subsidiary of the US-based Burger King raise Rs 810 crore, comprising a fresh issue of shares amounting to Rs 450 crore, the company said at a virtual road show. Promoter entity QSR Asia Pte Ltd will sell up to 6 crore shares, aggregating to Rs 360 crore at the upper end of the price band, it added.Quick service restaurant (QSR) chain Burger King will hit the capital markets on December 2, and the price band of the initial public offering (IPO) has been fixed at Rs 59-60 per share. The proposed IPO will see the Indian subsidiary of the US-based Burger King raise Rs 810 crore, comprising a fresh issue of shares amounting to Rs 450 crore, the company said at a virtual road show. Promoter entity QSR Asia Pte Ltd will sell up to 6 crore shares, aggregating to Rs 360 crore at the upper end of the price band, it added.

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