Burger King Listing – Listed at 92% more than issue Price

Burger King

 

Today Quick Restaurant Chain Burger King India Listed in Share Market of India . It is listed 92.25% above then the IPO Price . IPO of Burger King was subscribed 156.65 times .

Today Share of Burger King Opened at Rs 115.35 . Issue price of Burger King was Rs 60 . Analysts were thinking that Listing of Burger King can be upto 70-75% but it was listed at 92.25% .

Many Analysts are saying that they are secure about the growth of Burger King . Due to Corona Virus  Burger King is not Getting Competition from Unorganised Sector . Reason for this is that Now Most of Burger Lovers are ordering Online Rather Than Going To Local Vendor Shops for Eating Burger .

Issue Size of Burger King IPO was Rs 810 Crore . In This IPO New Shares of Rs 450 Crore was issued and rest amount was in the form of OFS . Through OFS Promoters sells there stake in The Company . Promoter Company of Burger King is QSR Asia Pvt Ltd . It sells there 6 Crore Shares of Rs 360 Crore .

Through this IPO Money Burger King will Open New Stores and also Reduce Debt . Burger King is Planning to Open 440 New Stores till 2026 Which Makes the Total Stores of Burger King to 700 . Currently Burger King has 260 Stores in 17 States of India

Analysts are suggesting to hold the shares of Burger King for Next 2-3 Years as it can be a Next Multibagger for Investors .

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