Burger King was stuck in a 20% higher circuit the day after its blockbuster debut

Burger King shares were locked in a 20% higher circuit at Rs 162 per day after debuting on the market on Monday. There were a total of purchase orders pending for 15,88,446 shares on BVB, while there were no sellers on the stock exchange. The shares of the fast food restaurant chain were listed at Rs 115.35 per BVB, a premium of 92.25% compared to the issue price of Rs 60. On the NSE, the shares started at 112.50 lei, increasing by 87.5 percent.

Burger King India’s initial public offering, which opened between 2 and 4 December, consisted of a new € 450 million share issue and a € 360 million sale offer. by the QSR Asia promoter, in the price range 59-60 per share.

The primary market offer was subscribed 156.65 times, receiving offers exceeding 1,100 million euros, compared to the shares offered of 7.45 million euros. The portion reserved for retail investors was subscribed more than 30 times, the qualified institutional buyers (QIB) segment was subscribed 24 times, and the category of non-institutional investors (NII) was subscribed 262 times.

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Starting at 14:10 the Burger King shares were blocked in the upper circuit at Rs 166.

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