Margins are still on the lower side as BKG is building scale for its operations. Berkeley Group is registered under the ticker LSE:BKG . For investors, getting access to the right information is critical. The OC Micro-Cap Fund participated in the IPO of this online book retailer. So valuations are tracked using P/B and EV/EBITDA. 4) Email to admin@jainmatrix.com Burger King India is one of the fastest growing international QSR (Quick Service Restaurant) chains in India, started in Nov 2014. The latest Bellway plc (BWY) Ordinary 12.5p share price (BWY). Due to the covid infection, BKG has been able to bring down its costs structures. BKG responded by reducing costs: it negotiated with landlords on rentals, reduced inventories, etc. This proved to be a good move, with the Booktopia share price gaining 13% in the final quarter. Since FY12 it has sold more than 32 million items. Ltd. Get the most out of Crunchbase . Traditional consumers may not be satisfied as it’s a light fried meal, but others can find it novel and tasty. At the luxury end, demand is down. Inc. BKG revenues, EBITDA and PAT over the years are in Fig 3a. Burger King India IPO – Pre Listing Note –Subscribers Only, Happiest Minds IPO – Ride the Digital Wave, Rossari Biotech IPO – Growth and Good Chemistry, 25 Investing lessons – Great Investing Wisdom, Make Equity Investing less tricky: the JainMatrix Eleven, A Superior Investing Process – Do a DIP SIP. The IPO includes a Fresh Issue of ₹ 450 cr. Investors looking for normal valuation parameters may not find this attractive. Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox. The Booktopia Group Ltd share price has gone up 10% in reaction to an update.. Booktopia is the largest Australian-owned online book retailer by market share. Learn which companies are planning to go public soon, and when they are scheduling their IPOs. In early May, the company was aiming for a valuation somewhere from $28 to $35 per share ($77 billion to $96 billion). Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. See Fig 4. The Burger King brand is quite strong in India. BKG partners with them, but they get large commissions on orders. The big shareholder groups in Booktopia Group Limited (ASX:BKG) have power over the company. Based on the FIFO methodology, Everstone will earn 3.58 times returns on its 7-year investment. Amazon just passed $1bn in revenue in Australia; are ASX retail and ecommerce stocks under threat? GST rate cut from 18% to 5% for the restaurant business was a significant tailwind for the sector, and generally led to a sharp recovery in SSSG’s. Online bookshop Booktopia gains over 20 per cent at its $43.1m IPO. Book lovers rejoice: Australia's largest online book retailer, Booktopia (BKG), has joined the ASX today following a neat $43.1 million initial public offering (IPO). shares, and about 35.5% of the equity share capital. The IPO information on the website provided by 61 Financial only serves general information purposes, it does not constitute financial product advice. Investors shall refer to the Prospectus for detailed information. are for general corporate purposes like paying for this IPO. The IPO opens from 2-4th Dec 2020 in a Price Band of ₹ 59-60 per share. shares. Booktopia IPO key numbers; Offer price: $2.30: Dividend yield: 0%: Total number of shares available under the offer: 10.9 million new shares: Proposed ASX code: ASX: BKG… BKG has a strong supply chain for all food ingredients and raw materials, to ensure traceability, freshness, long term contracts, low prices and quality ingredients. ( Log Out / Everstone Capital, the Singapore-HQ India-focused mid-market PE firm, owns 99.39% stake in BKG India, through investment vehicle QSR Asia Pte Ltd. As of Sept 30, the number of BKG employees was 4,836. Email Lists Lunch Update shares. The Principal (BKG AsiaPac) helps and supports in this process. and Offer for Sale (OFS) of 6 cr. Crunchbase News ; Subscribe to the Crunchbase Daily ; As a loss making firm, PE is negative for BKG. The Natural Quotient: A Sustainability Metric, Indian Automobile Sector – A Solid Portfolio, Follow JainMatrix Investments on WordPress.com, The Indian Stock Market – A Case of Digital Transformation, over 2 decades, India’s Hot Sectors – Ports, Hotels, and IT Services, Indian PetroTaxes, the Dharam Sankat – A Solution, Indian IT Services Sector – Add the Digitals. resp. The economic impact of covid means that people celebrate less and even eating out may be done at more ‘economic’ or ‘reasonable’ priced outlets than BKG. Neither JM nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. So the total IPO size is max 810 cr. Try Pro Free . The social type businesses like BKG have been hardest hit by covid. View today’s BKG share price, options, bonds, hybrids and warrants. ABOUT On a big picture basis, BKG is at an early stage of growth in India. As a result, the BKG IPO offering is undervalued. Punit Jain intends to apply for this IPO. Risks: 1) Loss making entity. HotCopper has news, discussion, prices and market data on BOOKTOPIA GROUP LIMITED. D/E ratio is low, may fall after IPO. Covid had a massive impact on BKG, as first a lockdown, and later the containment zones, lack of permission from authorities and public fear of infection kept away dine in customers. About 81% of consumers prefer to eat out, and 19% get delivery or takeaway. Thus this QSR food subcategory looks a little crowded and top heavy. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The company listed on the ASX in December 2020 at an IPO price of $2.30. View recent trades and share price information for Bellway plc (BWY) Ordinary 12.5p IPO & Stock Price. Quote and financial data from Refinitiv. They are subject to change at any time without notice. Booktopia Group Ltd. In Sept 2020, the number of BKG employees decreased to 4,836 employees compared to 6,141 in Mar due to attrition, effect of Covid, and redundancies. EaseMyTrip IPO date is 8-10 March 2021. Fund performance data provided by Lipper. BKG has an MDA with Burger King USA is till 2039, giving a good visibility. The Hut Group confirms plans for £4.5bn IPO - London's biggest this year; Topics ... BKG… Fund raising through the IPO will be used for expanding its store base in India and reducing debt. Dev. BKG | Complete Berkeley Group Holdings PLC stock news by MarketWatch. shares, and about 35.5% of the equity share capital. A possible profit in FY21 quickly became a loss in H1 due to Covid. All quotes delayed a minimum of 15 minutes. Berkeley Group Holdings PLC live price charts and stock performance over time. So the total IPO size is max 810 cr. All IPO information is retrieved from the Company’s Prospectus. Get the most out of Crunchbase . All IPO information is retrieved from the Company’s Prospectus. There was an even stronger increase in EBITDA (EBITDA explained) – adjusted for IPO costs – which rose 506% to $8 million. and non veg. Food delivery aggregators like Swiggy and Zomato intensify competition by offering massive choice and delivery to customers. (See ICAD stock analysis on TipRanks) Baidu, Inc. (BIDU) Not every high-end AI stock is based in the US. 1) See Buy Subscription for payment options. Booktopia (ASX:BKG) share price jumps 15% on IPO today - Motley Fool Australia - MidCoast Online News Let's take a look. With factors such as urbanization, rising income levels and improved investment climate, the food service sector holds a huge opportunity. and Offer for Sale (OFS) of 6 cr. The promoter is a PE firm and the listing will help to monetize and profit from investments. As a customer, my visit to BKG in 2018 in Bangalore was memorable and the focus is excellent with burgers available in both veg. INVESTOR EDUCATION Post covid, BKG should focus on growth, with branch expansion, brand building and consumer loyalty. Berkeley Group Holdings (The) PLC (BKG) 4,340.00p +34.00 (+0.79 %) 15 Mar 2021, 16:07. Even today after most of the outlets reopened, there is a demand issue as customers are worried about public gatherings and infection spread. Not only does it sell books, it also sells e-books, DVDs, audiobooks, magazines, maps, calendars and so on. Opinion: Investors with a risk appetite can. As a result, the IPO has been allowed by SEBI but the Retail portion is retained at the lowest, 10% of shares offered, due to higher risks. Having said this, our opinion is that in T1 cities, demand will normalize in Q3FY21 and a combination of takeaway and home delivery should be able to bring demand back. The big shareholder groups in Booktopia Group Limited (ASX:BKG) have power over the company. 3 ASX small cap, pure play ecommerce stocks to watch post-Covid. Key leaders: Shivakumar Pullaya Dega (Chairman and Independent Director), Rajeev Varman (CEO and Whole Time Director) and Abhishek Gupta (Chief of Biz. The Revenue per outlet is low, perhaps reflecting BKG is a newer restaurant chain. Stay Connected. Financial News Articles for Berkeley Group Holdings (The) Plc Ord Shs 5P updated throughout the day. The suitability or otherwise of any investments will depend upon the recipient’s particular circumstances and, in case of doubt, advice should be sought from an Investment Advisor. – News Based Exit from Model Portfolio, Indian IT Services Sector – Add the Digitals, Indian Automobile Sector – A Solid Portfolio, Equity Outlook, Nov’20: Rising like a Phoenix from the Ashes, Indian Speciality Chemicals Sector – A Spotlight, The War on COVID-19 – An Indian Investor Perspective, Jubilant Foodworks – Ship to Steady this Year, Relaxo Footwears – A Value for Money Investment. Change ), You are commenting using your Google account. Berkeley Group is registered under the ticker LSE:BKG . The IPO opens from 2-4th Dec 2020 in a Price Band of ₹ 59-60 per share; The IPO includes a Fresh Issue of ₹ 450 cr. shares. and Operations). Change ), You are commenting using your Facebook account. Its market capitalisation is A$364.00 million. Punit Jain is a registered Research Analyst under SEBI (Research Analysts) Regulations, 2014. Get the latest stock news and insights straight to your inbox. A large number of global QSRs have established their outlets with franchise rights of various companies like McDonalds, KFC, Pizza Hut, Subway, Taco Bell, Burger King and Domino’s, in addition to Indian QSRs. Get the latest Stockhead news delivered free to your inbox. Putting this together, we sense that BKG is an asset available at low valuations due to current losses. In Fig 3b we can see that from a FCF positive FY18, the firm has made many investments and become FCF negative in FY19-20. Booktopia Group Ltd. Stock analysis for Berkeley Group Holdings PLC (BKG:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile. INH200002747), JainMatrix Subscription Pricing and Payment Options, The Case for JainMatrix Investment Service, The Satellite Model Portfolio – A Value Pack, India’s Hot Sectors – Ports, Hotels, and IT Services, Expectations and Thoughts – Post Elections Note 2019, Bharat Fin. Weekend Update. 4) High royalties. We expect normalcy in revenues to return in H2FY21. Relative to other MNC QSR chains in India, BKG valuations look reasonable. Today's Booktopia Group Ltd (ASX: BKG) is the largest Australian-owned online book retailer by market share. ( Log Out / Most stock investors today are ignoring H1FY21 results, and high but temporary valuations, and expecting a full recovery by H2. The unofficial/ grey market premium of BKG is ₹ 20-25 /share over IPO price. The most popular eating out options in India are North Indian food (28% of the time), followed by Chinese (19%) and South Indian style (9%), according to a Livemint.com report. The core offering of burgers can work for both snacks and meals for the Indian palate. Burger King India IPO – Try the Whopper!! QSR have fast food cuisines and minimal table service, and cater to youngsters and working professionals, offering quick delivery of food, good ambience and option of home delivery. Do NOT follow this link or you will be banned from the site! Profitability also looks 2 years away, so this is a private equity type, risky investment opportunity. This document is not to be reported or copied or made available to others without prior permission of JM. and Offer for Sale (OFS) of 6 cr. Morning Update Burger King India IPO – Try the Whopper!! Booktopia (ASX:BKG) share price chart It has handled the covid period well, reducing costs and getting by. Berkeley Group News Headlines. The sector has observed tremendous development in the past 3 years, which grew at 11% CAGR during 2015-19. 3) Call us or SMS on 9886110032 IPO Highlights. There is a possibility that it may take several years to make a profit or dividend as it opens new outlets and invests in branding and supply chain. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … On Profits BKG is in the negative. The information contained in this report has been obtained from sources that are considered to be reliable. Beyond the FY21 covid blip, this category should grow fast. Burger King is a strong global brand. Join the HotCopper ASX share market forum today for free. Get today’s BKG share price, latest stock chart and BKG company news. BKG has used a well defined restaurant roll out and development process. of about 13.5 cr. It already has 261 restaurants across 57 cities, including Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh and Ludhiana. Change ). Investors shall refer to the Prospectus for detailed information. The Directors are aware that some Shareholders have been contacted by "brokers" from overseas, usually from the USA, offering very high prices for their shares in the Company. The IPO share quotas for QIBs: Non-Institutional Investors: Retail is 75:15:10%. Fig 1a – Menu Range, Fig 1b – Cluster Map and Fig 1c – Outlets by Region, Fig 3a – BKG Financials and Fig 3b – Free Cash Flow. The sector is estimated to grow at a 9% CAGR by 2022-23 (Source: NRAI India Food Services, IFSR 2019). The $21.57 average price target implies an upside of 30% from the $16.55 trading price. February 9, 2021February 9, 2021 | Nick Sundich, January 27, 2021January 27, 2021 | Nick Sundich, December 9, 2020February 9, 2021 | Nick Sundich, December 4, 2020December 4, 2020 | Nick Sundich. Today's Booktopia IPO on the ASX saw the Booktopia share price leap as high as $2.86 minutes after listing. MTAR Technologies IPO price band is ₹574-₹575 and the minimum number of shares available in one lot is 26 shares. IPO & Stock Price. When trading began at 11am (AEDT), Booktopia shares climbed over 20 per cent to $2.80. Under the Master Franchise and Development Agreement (MDA), BKG is required to develop and open 700 restaurants (both Company-owned and Sub-Franchised) by Dec 2026. 2) Intense competition from Indian and MNC QSR chains in Tier 1 towns 3) Covid induced challenges – demand from customers as well as employee health. Crunchbase News ; … In morning trade the online book retailer’s shares were up a massive 15% to a record high of $3.06. We expect profitability in BKG in 2 years, by FY23, even as it grows rapidly in revenues and outlets. JM has no stake ownership or financial interests in BKG or any group company. They are subject to change at any time without notice. ( Log Out / The Booktopia Group Ltd share price has returned from the public holiday in style. Booktopia IPO key numbers; Offer price: $2.30: Dividend yield: 0%: Total number of shares available under the offer: 10.9 million new shares: Proposed ASX code: ASX: BKG… The global franchise model has succeeded for competitors in Indian markets, and the BKG rollout looks like a lower risk proposition that has a fairly unique offering and good chance of success. and we will revert to you in a short while. of about 13.5 cr. Any questions should be directed to the director of JainMatrix Investments at punit.jain@jainmatrix.com. Sales growth has been good at BKG. BKG has not declared a profit so far in all these years. The OC Micro-Cap Fund participated in the IPO of this online book retailer. BKG directly competes with McDonalds and Subway in India on bread based light food options. share price news, research and dividend analysis. The firm has an experienced, passionate and professional management team. Check EaseMyTrip IPO review, price band, market lot, size, IPO form, listing and allotment details. Its IPO raised $65.0 million at $1.73 per share. from the partial exit at upper end of IPO band, per VCCircle. Next to the issue price comes the price-band that is the range of price at which per share of the company is available. Here is a note on Burger King India IPO (BKG) IPO. Once this happens, BKG valuations will rise and this IPO entry price will look attractive. On May 14, it raised the targets from $34 to $38 per share. The e-commerce software company, which went public at $24 a share on Wednesday, is trading sharply higher again on Thursday, soaring around $100 a share. Stock Symbol LSE:BKG ; IPO Date Jul 1, 1988; Stock chart by . View real-time stock prices and stock quotes for a full financial overview. RESEARCH REPORTS ( Log Out / Royalties for BK USA are high and a big hurdle to franchisee profitability. These offers are a form of Boiler Room scam as discussed on the Financial Conduct Authority (FCA) website . This document has been prepared by JainMatrix Investments Bangalore (JM), and is meant for use by the recipient only as information and is not for circulation. This Tiny ASX Stock Could Be the Next Afterpay Conversely this investment may only give good gains over several years. Create a free website or blog at WordPress.com. and ₹ (77) cr. Summary Live Market News Shares Comment Trades Director Deals Fundamentals Historic Prices. Restaurants, cafes and international fast food outlets have proliferated in India and eating out has become popular. Frequency of eating out (4-5 per month) is low so there is headroom to grow. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. The promoter is QSR Asia and it owns 94% in BKG which will fall to 60% post-IPO. Should you buy BKG shares now? The Cashrewards share price is closed at $2.03 on Monday, or 17% higher than its offer price. Unsubscribe whenever your want. The Indian promoter is a private equity firm Everstone Capital, even as BKG works under a MDA with Burger King Corp. USA. This field is for validation purposes and should be left unchanged. The main objects of Fresh Issue are funding new Company-owned Burger King Restaurants by 1) Repayment of borrowings taken for this of ₹ 165 cr.
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