Burger King’s is the 13th initial public offer (IPO) so far this year.
Restaurant chain Burger King’s initial public offer (IPO) will be open for subscription from Wednesday to Friday. The public offer of US-based Burger King’s Indian unit, Burger King India, is estimated at Rs 810 crore, comprising fresh issuance of shares worth Rs 450 crore. Shares in Burger King India will be available for subscription under the public offer at an issue price of Rs 59-60, in lots of 250 units. That means one lot will cost an investor Rs 14,750-15,000. (Also Read: Should You Invest In Burger King IPO?
Burger King’s is the 13th initial public offer so far this year. Out of the 12 IPOs before Burger King’s, three have received blockbuster responses, with subscription of more than 149 times each. These are: Chemcon Speciality Chemicals (subscribed 149.30 times), Happiest Minds Technologies (150.98 times) and Mazagon Dock Shipbuilders (157.41 times).
Of these, three companies’ shares made stellar market debuts, with the stock price listing at more than double the issue price. These are: Chemcon Speciality Chemicals (115 per cent premium), Happiest Minds Technologies (110.84 per cent premium) and Route Mobile (104.86 per cent premium).
Here’s a recap of how India’s IPO market has fared so far this year:
SBI Cards and Payment Services (Issue Price: Rs 750-755)
IPO Subscription: 26.54 times
Listing: 12.45% discount
Rossari Biotech (Issue Price: Rs.423-425)
IPO Subscription: 79.37 times
Listing: 57.47% premium
Happiest Minds Technologies (Issue Price: Rs 165-166)
IPO Subscription: 150.98 times
Listing: 110.84% premium
Route Mobile (Issue Price: Rs.345-350)
IPO Subscription: 73.30 times
Listing: 104.86% premium
Chemcon Speciality Chemicals (Issue Price: Rs 338-340)
IPO Subscription: 149.30 times
Listing: 115% premium
Computer Age Management Services (Issue Price: Rs 1,229-1,230)
IPO Subscription: 46.99 times
Listing: 23.41% premium
Angel Broking (Issue Price: Rs.305-306)
IPO Subscription: 3.94 times
Listing: 10.13% discount
Mazagon Dock Shipbuilders (Issue Price: Rs 135-145)
IPO Subscription: 157.41 times
Listing: 48.21% premium
UTI Asset Management Company (Issue Price: Rs 552-554)
IPO Subscription: 2.31 times
Listing: 9.75% discount
Likhitha Infrastructure (Issue Price: Rs 116-120)
IPO Subscription: 9.51 times
Listing: 8.33% premium
Equitas Small Finance Bank (Rs 32-33)
IPO Subscription: 1.95 times
Listing: 5.76% discount
Gland Pharma (Issue Price: Rs.1,490-1,500)
IPO Subscription: 2.06 times
Listing: 14% premium