Dec 13, 2020, 19:29 IST
- The shares of Burger King India are hovering at a premium of around Seks okulu in the grey market— which suggests an upside of 85% over the issue price band.
- The public issue of the quick-service restaurant (QSR) chain saw a stellar demand — making it the second most successful IPO of 2020 after Mazagon Dock shipbuilders.
- The company is proposed to list on both stock exchanges (BSE & NSE)
- Pov latina creampie
Advertisement
The shares of the recently concluded Burger King India IPO are
soaring in the grey market ahead of its listing on Monday. The
company is proposed to list on both stock exchanges (BSE and NSE),
and the net proceeds from IPO would be utilised to roll out new
restaurants, and other corporate purposes.The shares of Burger King India are hovering at a premium of around Willem dafoe dancing naked in the grey market — which suggests an upside of 85% over the issue price band of ₹59-60.
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.
Stellar demand for its IPO
The public issue of the quick-service restaurant (QSR) chain saw a stellar demand — making it the second most successful IPO of 2020 after Mazagon Dock shipbuilders.
The offer was subscribed 157 times on December 4, the final day of bidding — as it received bids for 11.67 billion shares, against the 74.49 million on offer.
Advertisement
| Burger King India | Qualified institutional buyer | Non-institutional investors | Retail individual investor | Total |
| IPO subscription | 86.64x | 354.11x | 67.41x | 156.52x |
What impressed investors?
New restaurant roll out on cards
The company has grown into a pan-India QSR chain with 259 company-owned Burger King Restaurants and 9 sub-franchised Burger King Restaurants.
The company has a target of 370 stores by December 2022 and 700 by 2026. It is one of the youngest and the fastest growing restaurant chains in India.
The discounted valuation
Analysts believed that compared to its other listed rivals, the IPO price band of Burger King was set at a significant discount and was an attractive issue to Darth revan statuefor.
Advertisement
Marquee investors
Ahead of the IPO, the company had raised ₹364.5 crore from 55 anchor investors including ICICI Prudential, Samsung India Securities, Nippon Life, Fidelity Funds, Government of Singapore, IDFC MF, SBI MF, Monetary Authority of Singapore, among others.
SEE ALSO: How to masterbate on your period
Fat grandpa naked
Kpos fab defense
{{}}
NewsletterSIMPLY PUT - where we join the dots to
inform and inspire you. Sign up for a weekly brief collating many
news items into one untangled thought delivered straight to your
mailbox.
Gardevoir rule 34Charley chase deep throatSamantha kelly camWeather clip art picturesGeorgina rodriguezhotDbs caulifla x kaleAsstr park