Burger King files is drafting prospectus for an initial public offering (IPO)

Slow Dance

India’s one of the fastest growing quick service restaurant files for IPO with the security board to raise Rs.542 crores with fresh issue of shares. While its promoters QSR Asia Pvt. Ltd. will partially exit via an offer for sales of its 6 crore equity shares. Firm plans to have about 700 restaurants and sub-franchised outlets by December 31st,2026, from net proceedings from fresh capital. In November 2019, company filed a draft paper with SEBI to raise Rs.400 crore through fresh issue of share and an offer for the sale of 6000 core QSR Asia equity shares.