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Burger King IPO opens today: Should you buy this Whopper? Check bid price, lot size, details

Burger King and its promoters are looking to raise Rs 810 crore in the IPO through a combination of a fresh issue and an Offer For Sale.

Burger King India’s IPO will open for subscription today.

The fast-food major is just a little over half-a-decade old, and is one of the fastest growing quick service restaurant (QSR) chains in the country. Burger King and its promoters are looking to raise Rs 810 crore in the IPO through a combination of a fresh issue and an Offer For Sale (OFS). Burger King began operating in India in the financial year 2015, and has since seen rapid expansion to now owning 261 restaurants across the country.

Financially, the company is still in the rudimentary stages and has not managed to turn profitable so far. However, the rapid expansion has helped increase total income of Burger King 48.4% CAGR between financial year 2017 and 2020. “Same-store-sales growth (SSSG) stood at 12.2% and 29.2%, respectively, in fiscal year 2018 and fiscal year 2019, which also helped in achieving strong revenue growth in the past two years.

Should you subscribe?

Although the company is still not making profits, the rapid expansion that it plans could help the firm. “Considering Covid-19 as an exceptional phase for the sector, we feel that with positive advancement in vaccine development and considerable relaxation in the economic activities, it is expected to report improved financials over the period.said Choice Broking while advising investors to subscribe to the issue.

 

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😊DhanTax- Daily Finance and Taxation News Alert-02/01/2020

 

😊DhanTax- Daily Finance and Taxation News Alert-02/01/2020

💎👉🏻1.Form GSTR-2A shall be restricted to 10% ( Input Tax Credit Restriction)

Form GSTR-2A shall be restricted to 10% ( Input Tax Credit Restriction)

💎👉🏻2.CBDT to Levy Penalty for not providing Facility to Accept Digital Payments from 1st Feb

CBDT to Levy Penalty for not providing Facility to Accept Digital Payments from 1st Feb

💎👉🏻3.Government extends amnesty scheme for pre-GST era taxes by 15 days

Government extends amnesty scheme for pre-GST era taxes by 15 days

💎👉🏻4. Rs 10,000 Penalty if Not Filed ITR upto 31st December, 2019

Rs 10,000 Penalty if Not Filed ITR upto 31st December, 2019

💎👉🏻5. How to Respond to Outstanding Income Tax Demand intimation U/s. 143(1)

How to Respond to Outstanding Income Tax Demand intimation U/s. 143(1)

💎👉🏻6. “How to Appeal to Income Tax Department before CIT(A)-FAQ” is locked
How to Appeal to Income Tax Department before CIT(A)-FAQ

How to Appeal to Income Tax Department before CIT(A)-FAQ

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😊DhanTax- Daily Finance and Taxation News Alert-01/01/2020

😊DhanTax- Daily Finance and Taxation News Alert:

💎1. Top 5 Best Tax Judgments of 2019

 

Top 5 Best Tax Judgments of 2019

 

💎2.Contributions to National Pension System (NPS) u/s 80CCD(1B)

Contributions to National Pension System (NPS) u/s 80CCD(1B)

💎3.Actual Payment of Business Expenditure in the relevant Accounting Year not mandatory for claiming Deduction in the computation of taxable business income

Actual Payment of Business Expenditure in the relevant Accounting Year not mandatory for claiming Deduction in the computation of taxable business income

💎4.STATUTORY AND TAX COMPLIANCE CALENDAR YEAR- 2020

STATUTORY AND TAX COMPLIANCE CALENDAR YEAR- 2020

💎5.About Annual Return-MGT-7- FAQs

About Annual Return-MGT-7- FAQs

💎6.Import Export Code Registration.

Import Export Code Registration

 

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DhanTax Team
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