Burger King IPO Allotment Status: The shares of the fast food chain are likely to get listed on BSE and NSE on 14th December, according to brokerages.
Those who are keen on accumulating shares of the recently held initial public offer (IPO) of the fast food restaurant chain Burger King, then it’s time to track the allocation of the shares. The share allocation in Burger King IPO is likely to be finalised on Wednesday.
How to Burger King IPO Allotment Status?
The shares of Burger King are likely to get listed on BSE and NSE on 14th December, as per the brokerages. Those who had bid for the issue can check the share allocation status on the website of Link Intime India, which is the registrar of Burger King IPO.
The registrar manages share allocation and refund. Burger King India IPO had subscribed a massive 156.65 times. On Link Intime India’s web portal Burger King IPO Allotment Status, you have to select the IPO whose data will be populated only when the basis of allotment is declared.
You will need a PAN or application ID or client ID and DPID (depository participant identification) to check the exact information.
The other way of checking the IPO allotment status is via stock exchange. On BSE, you can click her at Burger King IPO Allotment Status
The ₹810-crore Burger King IPO included a fresh issue of shares worth ₹450 crore. The issue emerged as the top-three most-subscribed IPO this year along with Happiest Minds Technologies and Mazagon Dock Shipbuilders.
Promoter entity QSR Asia Pte Ltd sold up to 6 crore shares through the IPO. At the upper end of the price band, the sale fetched ₹360 crore. The issue was fixed at the price range of ₹59-60 per share. The retail individual investors segment was subscribed 68.15 times while the portion meant for qualified institutional buyers (QIBs) was subscribed 86.64 times and non-institutional investors subscribed it for 354.11 times.
Burger King India runs the franchise of Restaurant Brands International Inc’s U.S. chain Burger King. Currently, the quick service restaurant (QSR) chain operates 268 stores in India, most of them owned by the company.
The company plans to use the IPO proceeds to open new stores and reduce debt. The burger chain aims to expand the chain and have around 700 restaurants across the country by 2026.