INSUBCONTINENT EXCLUSIVE:
Burger King shares were in huge demand for third day in a rowShares of Burger King were in huge demand for third day in a row after a
stellar market debut on Monday
Burger King stock price rose by its daily maximum limit of 10 per cent to hit an intraday high of Rs 219.15 on the BSE
Burger King's three-day share sale via Initial Public Offering (IPO), which was open between December 2 and 4, was subscribed 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.Burger King shares have surged over three times from
the issue price of Rs 60 within three days of listing
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 India is the national master franchisee of the
Burger King brand in India and therefore has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants
It has 261 restaurants spread across 57 cities such as Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh and Ludhiana.As of
11:53 am, there were pending buy orders of over 12.75 lakh shares on the BSE.
