The initial public offer (IPO) of Burger King India Limited subscribed 156.65 times on Friday the last day of the offering data from stock exchanges show.
Burger King India Limited had set a price band of Rs 59-60 per share and the IPO closed on 04th December.
The portion of shares reserved for Qualified institutional investors was subscribed 86.64 times, shares reserved for Non Institutional Investors was subscribed 354.11 times and shares reserved for retail investors was subscribed 68.15 times.
Detail of Burger King India Limited IPO :
Burger King is the India's fastest growing quick service restaurant chains. QSR Asia Pte. Ltd is the promoter of the company. It is the second largest fast food burger brand with having 216 Burger-King restaurants and 8 Sub-Franchised Burger King restaurants.It aims to cater to the Indian tastes and preferences through adding new food offerings to its product portfolio. Company establishes its branches in high traffic areas in key metropolitan areas and cities across the country.
Issue Size - 135,000,000 Eq Shares of Rs 10 (aggregating up to Rs 810 Cr)
Fresh Issue - 75,000,000 Eq Shares of Rs 10 (aggregating up to Rs 450 Cr)
Offer for Sale - 60,000,000 Eq Shares of Rs 10 (aggregating up to Rs 360 Cr)
IPO Price - Rs 59 to Rs 60 per equity share
Market Lot - 250 Shares ( Min Order quantity )
Maximum Order Quantity for Retail - 130 Shares ( 13 Lots )
Finalisation of Basis of Allotment - Dec 09, 2020
Initiation of Refunds - Dec 10, 2020
Credit of Shares to Demat Account - Dec 11, 2020
IPO Shares Listing Date - Dec 14, 2020
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