Burger King IPO likely to see about 70% gains on listing: Experts
Burger King India, which recently concluded its Rs 810-crore initial public offering, will make its debut on the stock exchanges on Monday (December 14) after receiving a strong response to its initial public offering. The company has fixed the issue price at Rs 60 per share.
The IPO, which opened for subscription from December 2, was subscribed over 156 times at a price band of Rs 59-60 per share. The initial share sale got oversubscribed within a few hours of opening for subscription on December 2. The initial public offering (IPO) received bids for 11,66,93,73,500 shares as against 7,44,91,524 shares on offer, according to the NSE update.
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Burger King IPO To Debut On December 14: Here s What To Expect From The Listing
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