The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services, and JM Financial.


Burger King, a quick-service chain, on Friday announced that that it planned to raise `810 crore through an initial public offering (IPO). The issue is set to open for subscription on December 2 and will remain open till December 4. The price band per equity share is Rs 59-60.

The IPO will see the fresh issuance of shares worth Rs 450 crore at the same time, the promoter group, QSR Asia will be offering 60 million equity shares worth Rs 360 crore (considering the upper price band). The company stated that it intends to utilise its fresh proceeds by rolling out new company-owned Burger King restaurants by way of repayment or pre-payment of outstanding borrowings of the company, for capital expenditure and general corporate purposes.