The Burger King IPO is hitting the markets on December 2, 2020 to raise money to repay outstanding borrowings as well as roll out new chains of Burger King restaurants. And the following are a bunch of things you need to note in regard to your application.
Burger King’s IPO issue opening date is December 2, 2020. The last date for the subscription is two days later on December 4, 2020; after which you cannot buy it’s shares. The shares will be listed on the BSE and NSE. And finally the listing of the company is set to go up on December 14, 2020.
The issue price is Rs. 59-60 per equity share. Burger King IPO size is 135,000,000 equity shares of face value of Rs. 10 aggregating up to Rs. 810.00 Crores. The issue is priced at Rs. 59 to Rs. 60 per equity share. The minimum order quantity mandated for the investors is of 250 shares that amount to about Rs. 15,000. These prices when compared to the contemporaries of the brand in the market, say Jubilant Foodworks who run Domino’s Pizza in India are heavily discounted as Burger King is a relatively young brand in India.
The company’s contemporaries or peers have performed well in the past and it is expected that Burger King will perform well as well considering it is a much loved fast food chain of restaurants across the country.
The basis of allotment of shares will be finalised by December 9,2020 and the shares will be transferred to your demat account on December 11,2020.
The registrar of Burger King IPO is Link Intime India Private Limited. You can contact them at burgerking.ipo@linkintime.co.in
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