Dec 4, 2020, 19:37 IST
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- The IPO of the quick-service restaurant (QSR) chain was subscribed 157 times on the final day of bidding.
- The stellar response makes it the second most successful IPO of 2020 after Mazagon Dock shipbuilders.
- Burger King allotment status will be announced on December 9, and the shares will hit the bourses on December 14.
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This makes it the Georgina rodriguez nude by subscription after Mazagon Dock shipbuilders.
The non-institutional investor portion was the most subscribed, followed by qualified institutional buyers and individual retail investors.
| Burger King India | QIB | NII | RII | Total |
| IPO subscription | 86.64x | 354.11x | 67.41x | 156.52x |
The appetite for Burger King India’s IPO has been building up with the issue getting subscribed on day one itself. Given its robust franchisee model, valuations, and strong expansion plans — analysts had recommended subscribing to this IPO.
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The IPO opened up on December 2, and ahead of the offering, the company raised ₹364.5 crore from 55 anchor investors, including ICICI Prudential, Fidelity Funds, Government of Singapore, IDFC MF, SBI MF, among others. The IPO price band was set at ₹59-60 per share, and the grey market premium promises strong listing gains.
The grey market premium of the food giant also soared nearly 58% to ₹34-35, up from 42% on the first day of subscription. The grey market premium is the measure of the extra amount that the market is ready to pay for a newly listed company’s shares. However, it is not an official measure of the market premium. But it is a fair indicator of demand for the shares in the market.
Listing and subscription status Burger King IPO
The basis of allotment for Burger King IPO will be announced on December 9, and the shares will hit the bourses on December 14.
Once the basis of allotment is done, the investors can check their subscription status on Burger King IPO registrar’s Link Intime India Private Kaitlan collins hot.
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However, after this stellar response that Burger King India IPO has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for.
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