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
Burger King IPO Basis of Allotment |
44:1 |
Burger King IPO Allotment Date |
09 Dec 20 |
Burger King Listing Date |
14 Dec 20 |
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.
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.
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