With Burger King IPO scheduled to open on 2 December, activity in the primary market has again resumed. The upcoming IPO is priced at INR59 – 60 per share and will raise as much as INR810 crore. Let’s take a look at Burger King IPO GMP right after the vital details of the offer:
Burger King India IPO details
| Subscription Dates | 2 – 4 December 2020 |
| Price Band | INR59 – 60 per share |
| Fresh issue | INR450 crore |
| Offer For Sale | 60,000,000 shares (INR354 – 360 crore) |
| Total IPO size | INR804 – 810 crore |
| Minimum bid (lot size) | 250 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Burger King is a great brand and we have seen familiarity with a brand often plays an important role in subscription numbers. However, retail category is allotted only 10% of the shares in this IPO since the company isn’t consistently profitable. Additionally, its performance in the latest six months ended 30 September has been worse as it posted a loss of INR119 crore on sales of INR151.7 crore.
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Burger King IPO GMP (Grey Market Premium) rates
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 12 Dec 2020 | 45 | 250 | 7,000 |
| 11 Dec 2020 | 45 | 250 | 7,000 |
| 10 Dec 2020 | 44 | 250 | 7,000 |
| 9 Dec 2020 | 44 | 250 | 7,000 |
| 8 Dec 2020 | 42 | 250 | 7,000 |
| 7 Dec 2020 | 42 | 300 | 7,000 |
| 5 Dec 2020 | 38 | 300 | 6,500 |
| 4 Dec 2020 | 35 | 350 | 5,000 |
| 3 Dec 2020 | 32 | 300 | 5,000 |
| 2 Dec 2020 | 30 | 300 | 5,000 |
| 1 Dec 2020 | 28 | 250 | 5,000 |
| 30 Nov 2020 | 35 | – | 6,000 |
| 28 Nov 2020 | 32 | – | 5,000 |
| 27 Nov 2020 | 20 | – | 4,000 |
| 26 Nov 2020 | 25 | – | 6,000 |
As one can see, Burger King IPO GMP is quite strong as of now at around 30% of the offer price. While this is a good signal, please note that these rates may change overnight as it happened in the case of Gland Pharma IPO. Gland Pharma was India’s largest pharma IPO and retail quota was subscribed only 23% but the stock has performed well post listing. Many investors who missed the bus in IPO purchased post listing at higher levels resulting in lower margin of error.
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Nice ipogood
Guide me to IPO
Will it be good go to subscribe the burger king ipo?
It is regularly loss making company what I do to IPO.
listing gain according to rising sector and demand
9000 good
Due to pandemic atleast 6 month are crucial for this company