Burger King's issue opened between December 2 and December 4 and was subscribed 156.65 times.
The shares of Quick restaurant chain Burger King India were listed up 92.25 percent on the day of listing on 14 December. Burger King listings have been better than expected. The company's IPO was met with an overwhelming response from investors. Its IPO was subscribed 156.65 times.
Burger King shares opened at Rs 115.35 on BSE on Monday 14 December. While the issue price was 60 rupees. Burger King shares listed at Rs 112.50 at an 87.33 percent premium on the NSE.
Burger King shares were trading up 87.50 percent at Rs 112.40 on the BSE at 10.03 am.
Analysts were expecting Burger King's shares to be listed up 70-75 percent, but this was better than expected by 87.50 percent.
Prashant Tapasi, AVP Research at Mehta Equities, told Moneycontrol, "We are very optimistic about the growth of Burger King. Burger King is not facing challenges from the unorganized sector due to coronavirus, as well as the company will benefit from increasing outlets. India. Burger King will increase the existing 260 stores to 700 by December 2026. "
Analysts say Burger King shares are a great opportunity for investors for the next 2-3 years. This can prove to be a multi bagger for investors.
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