The IPO was subscribed 156.65 times, receiving over 1,100 crore bids against 7.45 crore shares on offer.
Burger King India will finalise the basis of allotment of its Rs 810 crore public offer on December 9, as per the tentative schedule mentioned in the IPO prospectus. The public offer received a spectacular response from the investor community. The IPO was subscribed 156.65 times, receiving over 1,100 crore bids compared with 7.45 crore shares on offer. The portion reserved for retail investors was subscribed over 30 times, the qualified institutional buyers (QIB) segment was subscribed 24 times and the non-institutional investors (NII) category was subscribed 262 times. The shares were sold in price band of Rs 59-60 per share and are likely to be listed on the bourses on December 14.
Burger King’s initial public offer (IPO) consisted of a fresh issue of equity shares totaling Rs 450 crore and an offer for sale worth Rs 360 crore by the promoter QSR Asia. The company has already raised Rs 91.92 crore from Amansa Investments in a pre-IPO placement at a price of Rs 58.50 per share.
Here’s How To Check The Allotment Status Of Burger King:
Go to the registrar’s website, i.e. Link Intime India Private Ltd
- Select the company name as Burger King India
- Select either your PAN No, Application Number, DP/Client ID or Account No
- Enter the PAN No, Application Number, DP/Client ID or Account No, whichever is applicable
- Enter CAPTCHA and Submit.
Access the BSE website
- Select Equity
- Select Issue Name as Burger King India
- Enter Application Number
- Enter PAN No.
- Click on the Search button
Investors can see the application status, number of share subscriptions and number of shares alloted.