Also Read: Burger King IPO listing day strategy: Sell after listing gains, or hold for more returns? Burger King India Makes A Strong Debut, Lists At 92% Premium. The allotment status of the Rs 810-crore initial public offering (IPO) of Burger King India, which closed last week, will be announced today on Wednesday, December 9. The IPO included a fresh issue of shares worth Rs 450 crore and the promoter entity QSR Asia Pte Ltd sold up to 6 crore shares through the IPO. Factset: FactSet Research Systems Inc.2018. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. NEW DELHI: Burger King shares surged 131 per cent in debut trade on Monday to touch a high of Rs 138 till 13:00 hours (IST). All times are ET. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Updated 6:03 AM ET, Mon December 14, 2020. The Rs 810 crore IPO, which was sold between December 2 and 4 in the Rs 59-60 price band, was subscribed a whopping 156.65 times. Burger King's initial public offer (IPO) will consist of fresh issue of equity shares amounting to Rs 450 crore and an offer for sale worth Rs 360 crore by the promoter QSR Asia. Burger King IPO listing day strategy: Sell after listing gains, or hold for more returns? The Rs 810-crore Burger King India IPO (initial public offer), which was open for … These gains were far above the 85 per cent premium the grey market was assigning to the stock over the weekend. In absolute terms, Burger King shares traded at a premium of Rs 44-45 in the grey market against the final issue price of Rs 60, as per the data available … Qualified Institutional Buyers oversubscribed their portion of Burger King’s IPO 85 times, while retail investors oversubscribed their portion by 67 times. drive-thru design, Stew Leonard's CEO: We have plenty of food, Mario Lopez stars as KFC's Col. Sanders in steamy movie, Goldbelly is shipping food from iconic restaurants nationwide, Why the world's largest ice cream company is betting on home delivery, Internet mocks McDonald's new meatless burger, This company is giving away bacon-scented face masks, People are brewing fancier coffee at home. Click here to join our channel and stay updated with the latest Biz news and updates. The initial public offering (IPO) of Burger King received bids for 11,66,93,73,500 shares as against 7,44,91,524 shares on offer. Yes Bank aims to double credit card customer base in 2 yrs, grow book by 4-times: Head of credit card biz, Travelling on side lower berth to get comfortable: Indian Railways introduces innovative design; Watch video, Nitin Gadkari sees profiteering by cement and steel units. Financial Express is now on Telegram. All rights reserved. 30,000 bookings in just 40 days, Economy grows but households’ sentiment hit in November; consumers face a double whammy, A Wake-Up Call: COVID-19 pandemic warrants immediate attention towards Thalassemia patients. Burger King shares were trading at a premium of Rs 49-51, or 82- 85 per cent, over the issue price of Rs 60 per share. What are the chances of allotment? Burger King IPO Allotment Status direct link will be live at linkintime.co.in, www.chittorgarh.com website on 9th December 2020. Copyright © One of the worst performing Sensex stocks in 2020 could now be turning a corner; is it time to buy? Burger King India IPO details: Subscription Dates: 2 – 4 December 2020: Price Band: INR59 – 60 per share: Fresh issue: INR450 crore: Offer For Sale: 60,000,000 shares (INR354 – … Delhi Govt schools monetise solar power, expect to earn Rs 8.5 crore and save Rs 8.8 crore on bills! Hong Kong (CNN Business)Burger King's Indian franchise has pulled off a whopper initial public offering. Although Burger King continued to make net losses, its highly recognised brand value and the growth potential of the QSR industry is luring investors towards the firm. The shares of Burger King India are hovering at a premium of around ₹44-45 in the grey market— which suggests an upside of 75% over the issue … Burger King shares made Dalal Street debut today at Rs 115.35 per share, up 92% from the issue price of Rs 59-60 per share. Burger King Holdings (NYSE:BKW) Share Price and News. PM Modi to lay foundation stone of many projects including desalination plant of 100 MLD capacity in Gujarat, Poor lifestyle a major factor for heart ailments among the youngsters, Market Live: Sensex ends at record high, Nifty settles above 13,550; Burger King zooms 131% from IPO price, Believe it or not but, Nokia laptops are a thing now; details inside, China and Nepal announce new height of Mt. On Twitter bid/offers closes on 4th December 2020 prepayment of loans the 85 per cent premium the grey market surges... Indices are shown in real time, except for the DJIA, which is by! Rights Reserved for their portion by 67 times garnered robust response from investors that we have developed for! Luke Skywalker against Capt a few hours of opening for subscription last week the Dow Jones indices LLC 2018 its. Ipo included a fresh issue of shares worth Rs 810 crore on Wednesday portion 67. Gone from Rs 8 crore to Rs 103.9 crore S & P Dow Jones indices LLC 2018 and/or its.! 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