Is Burger King IPO a good deal?
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Is Burger King IPO a good deal?
NEW DELHI: Burger King stock surged 10 per cent in Thursday’s trade, taking its gains to 265.25 per cent over the issue price, after just four days of its listing on the stock exchanges. The value of Rs 15,000 worth one Burger King lot of 250 shares invested in the IPO are valued at Rs 54,787.50 today.
Should you buy at current levels? After making a dream debut at Indian stock market in December 2020, Burger King share price has been on the down side as it has shed near 2.5 per cent in 2021. They said that the stock may become highly bullish if it manages to breach and sustain above ₹190 levels.
Is Burger King IPO attractive?
Burger King India’s ₹810 crore initial public offering (IPO) will hit the capital markets today (December 2) for subscription, and the shares are piping hot in the grey market….Burger King India IPO opens today — brokerages recommend ‘subscribe’ on attractive valuations.
| Brokerages | Recommendation |
|---|---|
| Capital Market | Subscribe |
Is Burger King IPO oversubscribed?
How was the IPO received by the investors? The IPO evoked a massive oversubscription of 157 times. The retail individual investors segment of the IPO was subscribed over 68 times while the portion meant for qualified institutional buyers (QIBs) was subscribed close to 87 times and non-institutional investors 354 times.
Is Burger King over valued?
But what makes Burger King stand apart is that it has risen about 30\% in value since then, giving it a market capitalisation of ₹6,700 crore, nearly the same as Westlife Development Limited, which holds the master franchise for McDonalds in western and southern India.
Many experts and academics feel that an IPO performs better on the day of its initial public offering (IPO) than on subsequent trading days. As a result, selling your shares on the first day of trading may be a good idea. The pre-market session before the firm is listed is useful advice.
How much does Burger King make in IPO?
Burger King India’s market capitalisation has also zoomed to Rs 7,604.47 crore today, from Rs 4,402 crore on the listing day. Burger King will raise Rs 450 crore from the issue while Rs 360 crore will come from the Offer For Sale (OFS) for the promoters of the firm.
The Grey Market Premium of Burger King IPO is ₹ 48.
How does Burger King check IPO?
After you land on the website’s homepage, click on public issues(https://linkintime.co.in/IPO/public-issues.html). From the drop-down menu, select ‘Burger King’. For identification, you can give your PAN number, application number DP/client ID, account number/IFSC code.