We recommend subscribe to Burger King India Ltd (BKIL) IPO given the brand success with 260 stores in just 5 years and huge runaway for growth with a target of 700 stores by 2026. We believe Burger king has competitive advantages which make it well placed to capitalize on emerging opportunity with 1) exclusive pan India master franchise of Burger King, second largest Burger brand globally 2) flexibility in tailoring menu to Indian tastes and preferences as well as promotions and pricing offers 3) fixed royalty at 5% 4) cluster based approach with faster scalability and operating leverage 5) high...