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The shares of Quick restaurant chain Burger King India were listed up 92.25 percent on the day of listing on 14 December. Burger King listings have been better than expected. The company’s IPO received overwhelming response from investors. Its IPO was subscribed 156.65 times.
Burger King Listing: Burger King shares listed at 92% premium rate
Burger King shares opened at Rs 115.35 on BSE on Monday 14 December. While the issue price was 60 rupees. Burger King shares listed at Rs 112.50 at an 87.33 per cent premium on the NSE.
Burger King IPO Debut: Burger King Entered at 92% Premium in Market, Share of Rs 60 Listed at Rs 115
Analysts were expecting Burger King’s shares to be listed up 70-75 per cent, but this was better than expected by 87.50 per cent.
Burger King shares were trading up 87.50 percent at Rs 112.40 on the BSE at 10.03 am
Prashant Tapasi, AVP Research at Mehta Equities, told Moneycontrol, “We are very optimistic about the growth of Burger King. Burger King is not facing challenges from the unorganized sector due to coronavirus, as well as the company will benefit from increasing outlets. India. Burger King will increase the existing 260 stores to 700 by December 2026. “
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