Business Desk, Amar Ujala, New Delhi
Updated Mon, 14 Dec 2020 05:01 PM IST
Hear the news
Burger King India shares were listed on the stock market on Monday with a 92 percent premium. Burger King shares opened at Rs 115.35 on BSE on Monday on the issue price of Rs 60. After this, the company’s shares rose to 119.80 in early trade, showing a growth of 99.66 percent.
Explain that Burger King India shares were subscribed 156.65 times earlier this month and the bidding was fixed at Rs 59-60 per share for the initial public offering (IPO) of Rs 810 crore. The company’s IPO opened on December 2 and December 4 was its last day.
Shares were up 87.5 percent at 112.50 during early trading at the NSE. The company’s market valuation at BSE was Rs 4,535.96 crore. The company currently operates 268 stores in India. Eight of these are franchises, mainly located at airports. The rest of the stores are owned by the company.