Burger King India Limited (BKIL) is coming out with an initial public offer (IPO), which consists of a fresh issue of equity shares amounting to Rs.450 crore and an offer for sale (OFS) of 6.0 crore equity shares (amounting to Rs. 354 crore-360crore) with a face value of Rs. 10 per share. The issue opens to public on Wednesday 2nd Dec and closes on Friday 4th Dec. It has a price band set at Rs 59-60 per share with a lot size of 250 shares. Proceeds of the fresh issue will be utilized for expanding its store base in India and reduce debt on its books. Watch an exclusive analysis by our research analyst Mr. Rishabh Shah to know some important business insight and what he recommends about this issue.
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