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Quick-service restaurant chain Burger King India's initial public offer's (IPO) allotment will be finalized today. It would be the fourteenth IPO in the current year.
Quick-service restaurant
chain Burger King India's initial public offer's (IPO) allotment
will be finalized today. It would be the fourteenth IPO in the
current year. The price band of the IPO is fixed at Rs 59-60. The
shares are likely to list on December 14.
The share sale was subscribed
a massive 156.65 times, receiving bids for 11,66,93,73,500 shares
as against 7,44,91,524 shares on offer. In fact, the IPO was fully
oversubscribed within a few hours on the first day of
bidding.
With the funds raised via the
Seasalt comics , the company intends to utilise the fresh
proceeds to finance the roll-out of new company-owned Burger King
restaurants and to meet the general corporate purposes.
Most brokerage houses
Haily duff nude a 'subscribe' rating on the issue on the back of
a strong franchisee model, negative working capital, market share
gains and expansion plans. Expected revenue growth and robust
growth in restaurant additions following its last five-year record
are also key positives.
2) Select ‘Equity’ and then
from the dropdown, select issue name - "Burger King"
3) Enter your application
number and PAN card number
4) Click on the "Search"
button
Through the website
of Registrar - Linkintime
1) Go to
Website: Horizon zero dawn phone wallpaper
2) Select IPO name from the
dropdown
3) Enter Application Number
or DP ID/Client ID or PAN
4) In case of application
number, select application type (ASBA or NON-ASBA) and Enter
Application Number. In the case of DPID/Client ID, select
Depository "NSDL or CDSL" and enter "DP ID/Client ID".
5) Enter Captcha and
submit
The status will only appear
after allotment if the details are entered correctly. In the case
of non-allotment, the blocked amount will be refunded to your bank
account.
(Edited by : Abhishek Jha)
First
Published: IST
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