Burger King India readies Rp8bn IPO, covers shadow book

By Jonathan Breen
30 Nov 2020

Burger King India is set to launch its Rp8.2bn ($110.5m) IPO this week, after having delayed the deal when the Covid-19 pandemic shut down the country’s markets in March.

The company is listing through a mix of primary and secondary stock, comprising 136.3m shares in total. QSR Asia, the promoter, is providing 60m shares for an offer-for-sale, while the issuer is eyeing around Rp4.5bn from primary equity.

The stock is on offer at Rp59.00 to Rp60.00. A ...

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