Book Running Lead Manager to the QIP of Restaurant Brands Asia Ltd (Burger King India)

Qualified Institutional Placement

Service

February 2022

Date

Consumer

Sector

INR 14,021 MN

Deal Value

Book Running Lead Manager to the QIP of Restaurant Brands Asia Ltd (Burger King India)

I] TRANSACTION SYNOPSIS

QIP Size ~ ₹ 14,021 mn
Post Issue Dilution ~ 22.0%
Market price (INR per share)* ₹ 136.50
Issue price (INR per share) ₹ 129.25

II] SELECT QIP INVESTORS AND QIP BOOK

  • Amansa
  • Birla MF + Offshore
  • Bajaj Allianz Life Insurance
  • FMR
  • Govt. of Singapore
  • HDFC Life Insurance
  • Newport Asia
  • Valiant

III] DEAL HIGHLIGHTS

  • We successfully closed the 3rd transaction for Burger King in the last 15 months – Only Domestic Bank to be involved across all these transactions
    Feb 22 – QIP (₹ 14,021 mn) / Dec 20 – IPO (₹ 8,100 mn) / Nov /Dec 20 – Pre-IPO (₹ 2,570 mn)
  • Led the QIP procurement with 2 out of the largest 3 Bids
  • Book was oversubscribed despite volatile market scenario – market witnessed a sharp correction of ~8%^ from its high point during 1 month prior to launch

^ Movement of SENSEX between 1 month high and low
*As on date of filing of PPD – February 10, 2022, NS