Burger King shares 10% higher circuit for third consecutive day, up 265% from the difficulty value

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Burger King shares had an upper circuit of 10 percent on Thursday 17 December. Burger King shares have reached Rs 219 on the BSE. Burger King was listed on the stock market on Monday 14 December. Today is the third consecutive day when Burger King shares have been hit by an upper circuit. Following today’s rally, Burger King shares have risen 265 percent from their issue price. The issue price of Burger King was 60 rupees.

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The market cap of Burger King has now increased to Rs 8,363 crore. Burger King’s stock market debut has been the best since 2017. In 2017, the listing of Astron Paper & Board Mill was so great.

Demand for Burger King shares has increased due to reduced coronavirus infection and opening of restaurants. Burger King had plans to raise Rs 810 crore through an IPO. Burger King’s IPO opened on 2 December this month and was subscribed 156.65 times.

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On 15 December, another QSR and food company Mrs Bectors Food has an IPO which is closing today. It became fully subscribed within hours of the issue opening on Tuesday. Its price band is Rs 286-288 per share.

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