BSE
BSE: Burger King lists at premium of 92.25 pc
Mumbai/UNI: Shares of Burger King made a strong debut on Monday as the scrip got listed at Rs 115.35 on BSE, a 92.25 per cent premium over the issue price of Rs 60.
On NSE, the scrip debuted at Rs 112.50, up 87.5 per cent.
Company's Rs 810 crore initial public offer (IPO), which ran from December 2 to December 4, was subscribed 156 times. The company is going to utilise issue proceeds for debt repayment and expansion.
The quick service restaurant chain has 259 owned Burger King restaurants and nine sub-franchised Burger King restaurants as per the prospectus filed with the SEBI. Burger King has a target to increase its number of restaurants to 700 by the end of December 2026.
That made Burger King India the fourth mainboard IPO this year, which saw bidding of 100 times and more. The other three were Mazagon Dock Shipbuilders (157.41 times), Happiest Minds (156.65 times) and Chemcon Speciality (149.3 times).
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