Burger King will possibly list IPO items to open a business next week

Burger King will possibly list IPO items to open a business next week

A new share issue worth Rs 450 crore was also included in the IPO. Burger King India plans to use the revenue for shops and debt reduction.

Burger King India Ltd’s Rs 810-crore initial public offerings (IPOs) are potentially announded on the exchanges early next week and are over-registered.

Burger King will possibly list IPO items to open a business next week

Subscription overwriting

The IPO has revealed a 157-fold over-signing. A 68-fold subscription was made in IPO’s retail investor segment while the proportion for accredited institutional buyers (QIBs) was roughly 87-fold and for non-institutional investors 354-fold. A new share issue worth Rs 450 crore was also included in the IPO. Burger King India plans to use the revenue for shops and debt reduction.

Allotment

Investors who do not obtain the allocation can take the shares after listing in the bursaries when they see the correction. On https:/linkintime.co.in/MIPO/Ipoallotment.html, investors can check the allocation status.

Listing

The shares in the unofficial gray market were quoted at a premium of 70-75%. On a listing day, investors receiving the allocation would presumably see a successful appraisal. The concern is whether the gains should be kept or booked? An analyst said that at 2.7x P/Sales (sales price ratio), Jubilant Food and Westlife Production is cheap compared with 10.4x P/Sales and 6.32x. The analyst said.

Burger King will possibly list IPO items to open a business next week

Rajat Singhhttps://bioinformaticsindia.com
Rajat Singh is the chief Author at Bioinformatics India, he has been writing for the past 3 years and has a special interest in SEO, Technology, Health, Life Sciences and gaming.

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