NEW DELHI: Fast service restaurant chain Burger King India has filed draft papers for its preliminary public providing (IPO). The corporate is seeking to offload as much as Rs 400 crore of recent shares within the IPO.

Edelweiss Monetary Companies, Kotak Mahindra Capital, JM Monetary, and CLSA are the funding bankers managing the IPO.

Shares of the corporate are proposed to be listed on BSE and NSE.

The problem includes contemporary difficulty of shares aggregating Rs 400 crore and a proposal on the market of as much as 6 crore fairness shares by QSR Asia PTE.

With a median ticket worth of Rs 500-550, the corporate had 202 retailers in 47 cities as of June 30.

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McDonald’s is the class chief in burger & sandwiches with near 42 per cent market share within the class and the income of McDonald’s has grown at a CAGR of 19 per cent.

The class has outpaced the expansion of market chief attributable to entry of newer gamers equivalent to Burger King, Wat-a-burger and so forth. Within the Pizza class within the chain QSR phase, the expansion is pushed by Domino’s with a market share of roughly 80 per cent. Domino’s has outpaced the expansion of class by filling within the void created by the exit of different pizza manufacturers equivalent to Papa John’s.

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