Burger King has recently made shares available for the public to buy. Burger King IPO Allotment Date is December 9, 2020. The claims were made public from 2nd to December 4, 2020, for the price worth of 7.44 crores. The initial public offering (IPO) of Fast Food chain Burger King India has witnessed a generous subscription of 156.65 times the original value of shares available for the public to buy. The price of each share was Rs 60.
Burger King India IPO received a bid of share value over 1,166.9 crore, which means 11,66,93,73,500 shares. The total value of the shares was only worth 7.44 crores (7,44,91,524 shares). The above detail is made available by the National Stock Exchange.
The shares which were made available for qualified institutional buyers were noted to be 86.64 times. In contrast, the non-institutional investors were reported to be 354.11 times, and the retail investors bought 68.15 times the shares, as shown in the data shared.
Burger King IPO Allotment Date Listing
Investors are not planning on allocating the number of shares of Burger King IPO. The QSR is likely to announce the shares’ allocation to each investor and ordinary people by Wednesday, December 9, 2020.
Here’s how the buyers can check the status of the allotment of the shares:-
The allotment status will be updated on the website of the registrar of IPO, Link Intime India. Shareholders will have to select Burger King India Limited IPO in the drop-down menu. Either enter the PAN, application number, or DP Client ID and enter to check the allotment status.
Apart from the registrar’s website, an applicant can separately check the allotment status on the BSE website. Here, select the Equity in Issue Type, then choose King Burger India Limited from the drop-down menu in the issue name section, enter the PAN number and Application number in the boxes and then click on the search to view the status of the allotment.
The Burger King IPO listing is expected to available on December 14, 2020, on the National Stock Exchange and Bombay Stock Exchange. The IPO’s issue size was 810 Crore, which was 364.5 crore from the investors on December 1, 2020.
Edelweiss Financial Services, CLSA India, and Kotak Mahindra Capital Company were the lead managers to the offer along with JM Financial.
Burger King India’s IPO was the second-largest subscribed offering this year after Mezagon Dock Shipbuilders was 157.41 times the original share value of the shares.
Here was everything related to the Burger King IPO Allotment Date and other things like the number of shares bought and where one can check the allotment of the shares.