December 4, 2021

Burger King Ipo: Burger King Lists At 92 Percent Premium – Burger King Ipo: Burger King’s Great Start, Shares Up 92%


Business Desk, Amar Ujala, New Delhi
Updated Mon, 14 Dec 2020 05:01 PM IST

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Monday’s day brought good news for those investing in the IPO of fastfood chain Burger King. Burger King marked a bang in the stock market. Both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) saw strong listings of Burger King shares.

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.

Monday’s day brought good news for those investing in the IPO of fastfood chain Burger King. Burger King marked a bang in the stock market. Both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) saw strong listings of Burger King shares.

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.


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