Burger king India IPO review

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Burger King is the India’s fastest growing quick service restaurant chains

Burger King IPO Details

IPO DateDec 2, 2020 – Dec 4, 2020
Issue TypeBook Built Issue IPO
Issue Size135,000,000 Eq Shares of ₹10
(aggregating up to ₹810.00 Cr)
Fresh Issue75,000,000 Eq Shares of ₹10
(aggregating up to ₹450.00 Cr)
Offer for Sale60,000,000 Eq Shares of ₹10
(aggregating up to ₹360.00 Cr)
Face Value₹10 per equity share
IPO Price₹59 to ₹60 per equity share
Market Lot250 Shares
Min Order Quantity250 Shares
Listing AtBSE, NSE

Review:

Burger King IPO : APPLY

Listing Date : 14th December.(Tentative)

Expect 15-25% listing Gains only if market remain stable.

The brokerage houses are also positive on the long term growth of the industry and the company and hence recommended to subscribe to the issue for the long term as well as for listing gains.

The way retail subscription poured in on the first day. It will in the range of 50-60 times of retail quota.

What is the probability of getting allotment 

In any IPO where retail subscription is more than 1 time, allotment is through the lottery and 1 lot is only allotted to successful allottees.
So there is no need to apply for more than 1 lot in this IPO. Apply for 250 shares @cutoff in your and your family Demat account. For each PAN only one application. More than 1 application for one PAN even if with a different Demat account will be summarily rejected.

To Increase the chances of Allotment you can apply from different accounts, Like your father, mother, brother, sister accounts. Apply At Cut off price.

You can open multiple accounts using our Demat links and avail 18 months of free cash call benefits with no hidden condition

UPSTOX

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