are for general corporate purposes like paying for this IPO. share price news, research and dividend analysis. resp. The promoter is a PE firm and the listing will help to monetize and profit from investments. Beyond the FY21 covid blip, this category should grow fast. Here is a note on Burger King India IPO (BKG) IPO. Punit Jain intends to apply for this IPO. 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. BKG revenues, EBITDA and PAT over the years are in Fig 3a. shares. Financial News Articles for Berkeley Group Holdings (The) Plc Ord Shs 5P updated throughout the day. Equity Outlook, Nov’20: Rising like a Phoenix from the Ashes, Happiest Minds IPO – Ride the Digital Wave, Rossari Biotech IPO – Growth and Good Chemistry, Jubilant Foodworks – Ship to Steady this Year, How is India doing against COVID19 in 3 graphs, Indian Speciality Chemicals Sector – A Spotlight, COVID 19 – Call in the Indian Army to Handle this Emergency, The War on COVID-19 – An Indian Investor Perspective, Uttarhalli Main Road, Subramanyapura, Bangalore, India. In FY20 the Revenues, EBITDA and Profits of BKG were ₹ 847 crore, ₹ 105 cr. HotCopper has news, discussion, prices and market data on BOOKTOPIA GROUP LIMITED. 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… Here is a note on Burger King India IPO (BKG) IPO. So the total IPO size is max 810 cr. ABOUT INVESTMENT SERVICE With factors such as urbanization, rising income levels and improved investment climate, the food service sector holds a huge opportunity. So valuations are tracked using P/B and EV/EBITDA. The Hut Group confirms plans for £4.5bn IPO - London's biggest this year; Topics ... BKG… Today's Booktopia IPO on the ASX saw the Booktopia share price leap as high as $2.86 minutes after listing. Stay Connected. Check EaseMyTrip IPO review, price band, market lot, size, IPO form, listing and allotment details. and Offer for Sale (OFS) of 6 cr. Key leaders: Shivakumar Pullaya Dega (Chairman and Independent Director), Rajeev Varman (CEO and Whole Time Director) and Abhishek Gupta (Chief of Biz. Profitability also looks 2 years away, so this is a private equity type, risky investment opportunity. This agreement renewal is by Dec 31, 2039. It already has 261 restaurants across 57 cities, including Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh and Ludhiana. QSR has a good future in India with improving affluence, and a growing eating out culture. BKG directly competes with McDonalds and Subway in India on bread based light food options. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The unofficial/ grey market premium of BKG is ₹ 20-25 /share over IPO price. Get the most out of Crunchbase . of about 13.5 cr. (See ICAD stock analysis on TipRanks) Baidu, Inc. (BIDU) Not every high-end AI stock is based in the US. So the total IPO size is max 810 cr. Risks: 1) Loss making entity. BKG | Complete Berkeley Group Holdings PLC stock news by MarketWatch. of about 13.5 cr. The firm grew revenues well over 3 years, and is EBITDA positive but loss making. Online bookshop Booktopia gains over 20 per cent at its $43.1m IPO. The lot size is 250 shares and Face Value ₹ 10 per share. of about 13.5 cr. Any questions should be directed to the director of JainMatrix Investments at punit.jain@jainmatrix.com. 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. Conversely this investment may only give good gains over several years. On these parameters, the valuations of BKG are lower than the others. Dev. Weekend Update. Join the HotCopper ASX share market forum today for free. Get ASX BKG share research and more on Rask Media. The covid pandemic has been a blow as BKG has switched from a growth mode to a ‘cutting costs’ and survival mode for H1, to get by during this dip. On a big picture basis, BKG is at an early stage of growth in India. BKG | Complete Berkeley Group Holdings PLC stock news by MarketWatch. The company listed on the ASX in December 2020 at an IPO price of $2.30. 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. Change ), You are commenting using your Google account. IPO Highlights. So the total IPO size is max 810 cr. and ₹ (77) cr. Booktopia (ASX:BKG) share price chart 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. The Indian food service sector can be divided into 4 segments, see Fig 2. Burger King India IPO – Try the Whopper!! The IPO includes a Fresh Issue of ₹ 450 cr. The Revenue per outlet is low, perhaps reflecting BKG is a newer restaurant chain. ( Log Out / As a customer, my visit to BKG in 2018 in Bangalore was memorable and the focus is excellent with burgers available in both veg. 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. Stockhead's morning newsletter makes things simple: Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox every morning. Berkeley Group News Headlines. IPO Highlights. and Offer for Sale (OFS) of 6 cr. The big shareholder groups in Booktopia Group Limited (ASX:BKG) have power over the company. shares. 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 promoter is QSR Asia and it owns 94% in BKG which will fall to 60% post-IPO. Email Lists Berkeley Group is registered under the ticker LSE:BKG . The social type businesses like BKG have been hardest hit by covid. The Burger King brand is quite strong in India. Unsubscribe whenever your want. Underlying EBITDA (adjusted for IPO and conversion of preference share costs) up 502.3% to $8.0m A record 4.2 million (H1 20: 3.2 million) orders shipped A 25% increase in Active Customers to 1.71m1 Average Annual Spend per Customer2 increased from $103.32 to $123.57 Free independent share market investing advice from The Motley Fool. One of the objects of the fresh issue in IPO is to reduce debt. Ltd. Try Pro Free . 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. Food delivery aggregators like Swiggy and Zomato intensify competition by offering massive choice and delivery to customers. The OC Micro-Cap Fund participated in the IPO of this online book retailer. from the partial exit at upper end of IPO band, per VCCircle. shares, and about 35.5% of the equity share capital. December 3, 2020 | Nick Sundich. The information is not intended to imply any recommendation or opinion about a financial product. Thus you can plan a minimum investment of ₹14,924-₹14950. Morning Update Margins are still on the lower side as BKG is building scale for its operations. This Tiny ASX Stock Could Be the Next Afterpay 3) Remaining ₹ 108 cr. Stock analysis for Berkeley Group Holdings PLC (BKG:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile. This is positive. and Operations). Once this happens, BKG valuations will rise and this IPO entry price will look reasonable. BKG Share News. The Cashrewards share price is closed at $2.03 on Monday, or 17% higher than its offer price. QSRs generally target people in the 16-35 years range. – 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. Get the most out of Crunchbase . Berkeley Group is registered under the ticker LSE:BKG . Next to the issue price comes the price-band that is the range of price at which per share of the company is available. The Booktopia Group Ltd share price has returned from the public holiday in style. This is the main BKG Viet Nam Investment JSC stock chart and current price. 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. The IPO information on the website provided by 61 Financial only serves general information purposes, it does not constitute financial product advice. BKG has a 5% market share in India’s ₹ 34,800 crore QSR market. Thus this QSR food subcategory looks a little crowded and top heavy. The sector is estimated to grow at a 9% CAGR by 2022-23 (Source: NRAI India Food Services, IFSR 2019). 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. About 81% of consumers prefer to eat out, and 19% get delivery or takeaway. The QSR segment is nascent and has a lot of scope for growth in India. Royalties for BK USA are high and a big hurdle to franchisee profitability. In return, it will fetch ₹ 360 cr. and Offer for Sale (OFS) of 6 cr. Company comments Booktopia said that the increase in trading volumes is similar to what other online retailers have seen as the shift towards online shopping continues. 1) See Buy Subscription for payment options. 4) Email to admin@jainmatrix.com As a result, the BKG IPO offering is undervalued. 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. In morning trade the online book retailer’s shares were up a massive 15% to a record high of $3.06. 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. Here is a note on Burger King India IPO (BKG) IPO. This proved to be a good move, with the Booktopia share price gaining 13% in the final quarter. Nevertheless, the company's shares opened well-above its IPO price of $2.30 and hit an intraday high of $2.90. Let's take a look. 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. Punit Jain is a registered Research Analyst under SEBI (Research Analysts) Regulations, 2014. Berkeley Group Holdings (The) PLC (BKG) 4,340.00p +34.00 (+0.79 %) 15 Mar 2021, 16:07. and non veg. An initial public offering (IPO) is the process by which a privately-owned enterprise is transformed into a public company whose shares are traded on … Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. Burger King is a strong global brand. The growth plans of 700 outlets by 2026 looks achievable and necessary to get a scale of operations. MTAR Technologies IPO Price Band. The Indian promoter is a private equity firm Everstone Capital, even as BKG works under a MDA with Burger King Corp. USA. Booktopia (ASX:BKG) share price jumps 15% on IPO today - Motley Fool Australia - MidCoast Online News and we will revert to you in a short while. Use technical analysis tools such as candles & Fibonacci to generate different instrument comparisons. It’s been handled well so far in India with high street, airport and malls locations of restaurants, good visibility and positive customer reviews. Learn which companies are planning to go public soon, and when they are scheduling their IPOs. Join the HotCopper ASX share market forum today for free. Putting this together, we sense that BKG is an asset available at low valuations due to current losses. Quote and financial data from Refinitiv. Its market capitalisation is A$364.00 million. Fig 1a – Menu Range, Fig 1b – Cluster Map and Fig 1c – Outlets by Region, Fig 3a – BKG Financials and Fig 3b – Free Cash Flow. Change ), You are commenting using your Twitter account. Investors looking for normal valuation parameters may not find this attractive. Share Prices. Berkeley Group is registered under the ticker LSE:BKG . 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. Fund performance data provided by Lipper. Should you buy BKG shares now? So on PE we have a negative value, but on other valuation parameters like PB and EV/EBITDA, BKG looks attractive and undervalued. 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. It was tasty and fairly priced, and a good experience. 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. On Profits BKG is in the negative. Since FY12 it has sold more than 32 million items. shares, and about 35.5% of the equity share capital. We can also see the number of outlets by FY. 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. shares, and about 35.5% of the equity share capital. The organization and structure set up looks good to handle the growth imperatives. Stockhead is providing factual information where there is a reasonable likelihood of doubt. Get today’s BKG share price, latest stock chart and BKG company news. JM has no stake ownership or financial interests in BKG or any group company. Traditional consumers may not be satisfied as it’s a light fried meal, but others can find it novel and tasty. This proved to be a good move, with the Booktopia share price gaining 13% in the final quarter. Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox. The Burger King brand is the #2 largest fast food burger brand globally by number of restaurants, with a network of 18,000 restaurants in 100 countries and USA. Change ), You are commenting using your Facebook account. 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. Restaurants, cafes and international fast food outlets have proliferated in India and eating out has become popular. Amazon just passed $1bn in revenue in Australia; are ASX retail and ecommerce stocks under threat? The IPO opens from 2-4th Dec 2020 in a Price Band of ₹ 59-60 per share. We expect profitability in BKG in 2 years, by FY23, even as it grows rapidly in revenues and outlets. 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. View today’s BKG share price, options, bonds, hybrids and warrants. D/E ratio is low, may fall after IPO. RESEARCH REPORTS IPO & Stock Price. When trading began at 11am (AEDT), Booktopia shares climbed over 20 per cent to $2.80. Due to the covid infection, BKG has been able to bring down its costs structures. View recent trades and share price information for Bellway plc (BWY) Ordinary 12.5p ( Log Out / IPO & Stock Price. 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… See Fig 4. Get the latest stock news and insights straight to your inbox. The Principal (BKG AsiaPac) helps and supports in this process. In early May, the company was aiming for a valuation somewhere from $28 to $35 per share ($77 billion to $96 billion). Opinion: Investors with a risk appetite can. 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. 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. Frequency of eating out (4-5 per month) is low so there is headroom to grow. The sector has observed tremendous development in the past 3 years, which grew at 11% CAGR during 2015-19. They are subject to change at any time without notice. This is a positive. In particular, real estate costs for QSR may reduce and stay low for some time. E-commerce book retailer Booktopia Group has made its debut on the ASX today, after raising $43.1 million through an initial public offering (IPO) at a price of $2.30. However, JM has not independently verified the accuracy or completeness of the same. Get the latest Stockhead news delivered free to your inbox. 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. Is Investing a Science or an Art – Or Both? Burger King India IPO – Try the Whopper!! ( Log Out / Its cost of investment (of the IPO shares) is pegged at ₹ 110 cr. They are subject to change at any time without notice. The company’s average meal ticket size is ₹ 500-550. The restaurants serve food and beverages, see Fig 1a, with offerings like: The globally recognized Burger King brand, also known as the “HOME OF THE WHOPPER®”, was founded in 1954 in USA and is owned by Burger King Corp., a subsidiary of Restaurant Brands Intl. These offers are a form of Boiler Room scam as discussed on the Financial Conduct Authority (FCA) website . We expect profitability in BKG in 2 years, by FY23, even as it grows rapidly in revenues and outlets. MTAR Technologies IPO price band is ₹574-₹575 and the minimum number of shares available in one lot is 26 shares. BKG partners with them, but they get large commissions on orders. This document is not to be reported or copied or made available to others without prior permission of JM. The $21.57 average price target implies an upside of 30% from the $16.55 trading price. A possible profit in FY21 quickly became a loss in H1 due to Covid. Sales growth has been good at BKG. Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. Once this happens, BKG valuations will rise and this IPO entry price will look attractive. BKG AsiaPac has to be paid monthly royalty (of 4-5% of sales annually). BKG responded by reducing costs: it negotiated with landlords on rentals, reduced inventories, etc. View real-time stock prices and stock quotes for a full financial overview. Lunch Update Inc. In FY18-20 they were ₹ 12, 24 and 34 crores for BKG. The information contained in this report has been obtained from sources that are considered to be reliable. BKG is at an early growth phase in its Indian network. 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. Employee nos too have reduced. Stock Symbol LSE:BKG ; IPO Date Jul 1, 1988; Stock chart by . Berkeley Group Holdings PLC live price charts and stock performance over time. All quotes delayed a minimum of 15 minutes. BKG has an MDA with Burger King USA is till 2039, giving a good visibility. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. 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. The firm has an experienced, passionate and professional management team. BKG has not declared a profit so far in all these years. Create a free website or blog at WordPress.com. Relative to other MNC QSR chains in India, BKG valuations look reasonable. It has handled the covid period well, reducing costs and getting by. Based on the FIFO methodology, Everstone will earn 3.58 times returns on its 7-year investment. Its IPO raised $65.0 million at $1.73 per share. Not only does it sell books, it also sells e-books, DVDs, audiobooks, magazines, maps, calendars and so on. There was an even stronger increase in EBITDA (EBITDA explained) – adjusted for IPO costs – which rose 506% to $8 million. and 2) Capex for new Restaurants ₹ 177 cr. The management company, which makes almost all of its revenue from the pop sensation, opened at 270,000 won ($236) in Seoul from its initial public offering price … As a loss making firm, PE is negative for BKG. QSRs are the most preferred destination, followed by casual dining restaurants when it comes to eating out, per the India Food Services Report 2016, made by the National Restaurants Association of India (NRAI) and consulting firm Technopak Advisors Pvt. Do NOT follow this link or you will be banned from the site! Burger King India is one of the fastest growing international QSR (Quick Service Restaurant) chains in India, started in Nov 2014. shares. The BKG brand is well positioned for the millennial customers. The IPO information on the website provided by 61 Financial only serves general information purposes, it does not constitute financial product advice. Today's Booktopia Group Ltd (ASX: BKG) is the largest Australian-owned online book retailer by market share. We benchmark BKG against listed food service firms, entertainment firms and the principals. This field is for validation purposes and should be left unchanged. 3 ASX small cap, pure play ecommerce stocks to watch post-Covid. For investors, getting access to the right information is critical. 4) High royalties. 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. BKG has used a well defined restaurant roll out and development process. INVESTOR EDUCATION The core offering of burgers can work for both snacks and meals for the Indian palate. At the luxury end, demand is down. Booktopia Group Limited (ASX:BKG) share price is currently trading 9.056% up at A$2.890, as on Wednesday 27 January 12:58 PM AEDT. Investors shall refer to the Prospectus for detailed information. JM has been publishing equity research reports since Nov 2012. The latest Bellway plc (BWY) Ordinary 12.5p share price (BWY). BKG is also required to pay BKG AsiaPac a non-refundable one-time fee on opening each new BK Restaurant of US$15k (₹11.25L), increasing to $25k (19L) from CY 2020-22 and US$35k (26L) for all periods thereafter. 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. 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. Summary Live Market News Shares Comment Trades Director Deals Fundamentals Historic Prices.
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