INSUBCONTINENT EXCLUSIVE:
Burger King shares made a strong debut on the bourses on MondayShares of quick service restaurant chain operator Burger King are in huge
demand in Wednesday's session
After a stellar market debut, the stock rose by its daily maximum limit of 20 per cent for the second consecutive session
Burger King's market debut was the biggest since 2017, when Astron Paper - Board Mill Ltd
jumped 142 per cent.Burger King India made a strong debut on the bourses on Monday
The shares of the quick-service restaurant chain listed at Rs 115.35 on the BSE, a 92.25 per cent premium over the issue price of Rs 60
On the NSE, the shares debuted at Rs 112.50, up 87.5 per cent.Among other stellar listings in the recent past, Chemcon Speciality had surged
115 per cent and Happiest Minds Technologies had rallied 111 per cent on Day 1.Burger King's primary market offering was subscribed by a
whopping 157 times, receiving bids exceeding 1,100 crore compared with 7.45 crore shares on offer
The portion reserved for retail investors was subscribed over 30 times, the qualified institutional buyers (QIB) segment was subscribed 24
times and non-institutional investors (NII) category received subscription of 262 times.As of 12:32 pm, there were over 13 lakh pending buy
orders for Burger King shares on the BSE with no sellers on the bourse.
