This was the second-most successful IPO of 2020, in terms of subscribers, after Mazagon Dock Shipbuilders
2 min read4 Dec 2020Burger King share are proposed to listed on BSE and NSEShare allotment is likely to be finalized on 9th December
1 min read4 Dec 2020Many brokerages have recommended subscribe to the IPOAhead of the IPO, Burger King India had on Tuesday raised ₹364.5 crore from anchor investors
1 min read3 Dec 2020The IPO, priced at ₹60 per share at the upper end of the price band, values the company at ₹1,839.9 croreRetail investors led the subscription, with the portion of share sale reserved for term witnessing a subscription of 37.83 times
1 min read3 Dec 2020The retail portion of the share sale was subscribed 5.1 times, while the portion of shares reserved for institutional investors received no subscription as of yet
1 min read2 Dec 2020Fidelity Funds-India Focus Fund has been allocated the largest share of the anchor investment portion at 8.23%Eastspring Investments India Consumer Equity Open Ltd and the Government of Singapore have been allocated anchor share portions of of 7.13% and 6.79%, respectively
1 min read2 Dec 2020The brokerage believes BKI is well positioned to benefit from the expansion of food delivery apps in smaller cities and towns.
2 min read2 Dec 2020Burger King's IPO: The price band has been fixed at ₹59-60 per shareBids can be made for a minimum of 250 equity shares
1 min read2 Dec 2020Purpose of the issue is to finance the roll-out of new company-owned Burger King Restaurant and to meet the general corporate purposes.
1 min read28 Nov 2020The company plans to have about 700 restaurants, including sub-franchised outlets by December 31, 2026Investment banks Kotak Mahindra Capital, CLSA India, Edelweiss Financial Services and JM Financial have been appointed to advise the company on the IPO
1 min read22 Oct 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared