Burger king IPO update: Is it a most subscribed IPO of 2020?

IPO Updates 21 December 2020 7:10:PM

Burger_Kings_IPO_details

Burger King, one of India's fastest-growing fast food restaurant chains with 268 outlets, As their restaurant chain the IPO(Initial Public offering) was fastest. After mazagon dock IPO the Burger King’s IPO gets the highest subscriptions. Which is a 156.6-time subscription rate.  Burger king IPO received bids for 65.15 times issue size in retail, 86.64 times issue size in qib, and 354.11 times issue size in the non-institutional category by Dec 4, 2020, 17:00

IPO Listing and Allotment dates:

Burger King IPO Basis of Allotment

44:1

Burger King IPO Allotment Date

09 Dec 20

Burger King Listing Date

14 Dec 20

Quick Update on IPOs of 2020:

The state-owned defense company, Mazagon Dock Shipbuilders' Rs 443-crore IPO had seen the highest subscription in 2020 at 157.4 times. The issue opened during September 29-October 1. The third IPO that received strong subscription was Happiest Minds Technologies, the digital transformation IT consulting & services company founded by Ashok Soota in 2011. The 700-crore public issue witnessed 150.98 times subscription during September 7-9.

More details on IPO allotment:

The IPO allotment date for Burger King is Wednesday, December 9, 2020. For the IPO, things look more bright and we have seen it in the subscription figures.

Burger King IPO allotment and Listing details:

 Basis of Allotment:

 09 December 2020

 Refunds:

 10 December 2020

 Credit to Demat Account:

 11 December 2020

 Listing Date:

 14 December 2020

So, that was a quick update on Burger King's IPO details. I hope that now you know the major dates. If you want to stay updated about Upcoming IPOs please do visit here

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Source:- Moneycontrol, IPOwatch

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