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Burger King makes strong debut, share prices more than double on listing
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The retail individual investors portion was subscribed over 68 times
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Shares of Burger King India made a strong debut on BSE and NSE today. Shares more than doubled to settle at ₹138.40 as compared to issue price of ₹60. The ₹810 crore Burger King IPO, which had got a whopping response from investors, had opened for subscription on December 2 at a price band of ₹59-60 per share. It was subscribed over 156 times.
Currently, Burger King shares were trading to ₹110 on NSE.
In fact, the initial share sale got oversubscribed within a few hours of opening for subscription on December 2. The portion meant for qualified institutional buyers (QIBs) was subscribed 86.64 times, non-institutional investors 354.11 times and retail individual investors (RIIs) 68.15 times.
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