Burger King IPO GMP Today, Check Daily Movement


Last updated on November 7, 2022

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.   

Read Also: Tired of not getting allotment in IPOs? Try these simple tips

Burger King IPO GMP (Grey Market Premium) rates

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
12 Dec 2020452507,000
11 Dec 2020452507,000
10 Dec 2020442507,000
9 Dec 2020442507,000
8 Dec 2020422507,000
7 Dec 2020423007,000
5 Dec 2020383006,500
4 Dec 2020353505,000
3 Dec 2020323005,000
2 Dec 2020303005,000
1 Dec 2020282505,000
30 Nov 2020356,000
28 Nov 2020325,000
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.

Read Also: Burger King IPO Review: Burger awesome?



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