InvestorQ : How do you see the listing of Burger King IPO on 14 December and what premium do you expect?
diksha shah made post

How do you see the listing of Burger King IPO on 14 December and what premium do you expect?

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Riya Dwivedi answered.
2 months ago
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There is a big listing coming up on Monday. The Burger King IPO will list on the NSE and the BSE on 14 December. It may be recollected that the Rs.810 crore IPO from Burger King had received a tremendous response last week and had been oversubscribed nearly 157 times.

It is also significant because it is the first major QSR IPO coming a long time after Jubilant Foods. In the intervening period, there have been no significant food related IPOs at all. It is also a test of how the market views a business that is recovering from the COVID effect.

The IPO had consisted of a fresh issue of Rs.450 crore and an offer for sale of Rs.360 crore. The allotment price has been set at the upper end of the band at Rs.60. The grey market premium or the GMP is at 70% premium to the issue price; so it promises good listing.

There is another sidelight for you to know. Interestingly, on 15 Dec, the IPO of Mrs Bectors Foods opens and the unofficial market is already abuzz about the issue. Mrs Bectors incidentally is the largest supplier of bakery products to Burger King and many more.

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