On the first bidding day, the Initial public offering ( IPO) of Burger King witnessed a good interest with a subscription of 2.6 times. The Rs 810-crore initial public offer has received bids for 19.23 crore equity shares against IPO size of 7.45 crore equity shares, as per the data available on stock exchanges. Notably, this excludes the anchor book portion. Retail investors have also been cheerful about the issue with their portion being oversubscribed 13 times, and the portion for Non-Institutional Investors and qualified institutional investors saw subscription of 40 and 17 percent, respectively. The public issue comprises a fresh issue of Rs 450 crore and an offer for sale of 6 crore equity shares (i.e. Rs 360 crore at a higher price band) by promoter QSR Asia. The price band for the issue, which will close on December 4, has been fixed at Rs 59-60 per share Paytm Money to facilitate investments in companies' IPO
IPO in 12 nos raised Rs 25K-Cr crore amid bull rally
SEBI Proposes Easing Minimum Equity Dilution Norms For Large IPOs