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Incorporated in November 2013, Mumbai based Burger King India Ltd is going to debut in the equity market in December 2020. The issue is going to open on December 02, 2020 and closing on December 4, 2020. The tentative dates of allotment and listing are December 09,2020 and December 14, 2020 respectively. The company has set the price range between INR 59 - INR 60 per share. The minimum lot is for 250 shares The issue is a mix of Fresh issue and Offer for sale. Fresh issue is for INR 450 Crore, and shares under Offer For Sale arrangement are 6,00,00,000 shares worth INR 360 Crore at its upper band. It's promoter shareholder QSR Asia Pte Ltd is offloading 6,00,00,000 shares under this arrangement. The company will not receive any proceeds from the offer for sale. The promoter selling shareholder will be entitled to the proceeds of the offer for sale.  The net proceeds from the fresh issue are proposed to be utilized in the following manner.: 1) Funding roll out of new ...

  Incorporated in March, 1978, Hyderabad based Gland Pharma Ltd is going to debut in the security market on November 9,2020. Fosun Singapore and Shanghai Fosun Pharma are the promoters of the company. By the way, they are not original promoters of the company. Basically, the company was incorporated by PVN Raju in 1978. However, incorporated in July 2016 in Singapore, Fosun Singapore acquired majority shareholding and control in and of the company in October 2017. As on date, it holds 74% of the pre-offer issued, subscribed and paid up equity share capital of the company. Shanghai based company Shanghai Fosun Pharma does not directly hold any of the equity share of the company. Actually, Shanghai Fosun Pharma holds 100% of the share capital of Fosun Industrial Co Ltd which holds 100% of the share capital of Fosun Singapore.  So, ultimately it is owned by Shanghai Fosun Pharma, China. The majority of directors are Chinese including Chairperson. EquitasSFB IPO   debuted in ...