Burger King IPO allotment status: Here’s how you can check | India Business News

NEW DELHI: Fast-food restaurant chain Burger King India‘s initial public offer (IPO) saw a whopping 156.65 times subscription over the 7.44 crore shares offered during December 2-4, 2020. The fast-food major’s basis of allotment will be finalized on Wednesday (December 9).
The shares of Burger King India are likely to be listed at the exchanges on December 14.
The IPO received bids for 11,66,93,73,500 shares as against 7,44,91,524 shares on offer, according to NSE update.
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.
Burger King India had on December 1 raised Rs 364.5 crore from anchor investors.
Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services, and JM Financial were the managers to the offer.
Here’s how you can check the allotment status on BSE:
* Go to the BSE website (https://www.bseindia.com/investors/appli_check.aspx)
* Select ‘Equity’ in issue type and then from the dropdown, select issue name – ‘Burger King’
* Enter your application number and PAN (Permanent Account Number) details
* Click on ‘Search’ to view the status
Burger King India is among the top-3 most-subscribed IPO this year along with Happiest Minds Technologies and Mazagon Dock Shipbuilders.
Currently, the quick service restaurant (QSR) chain operates 268 stores in India and out of them, eight are franchises, mainly located at airports, while the rest are owned by the company.
(With PTI inputs)

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