InvestorQ : What is the allotment and listing date of the Burger king IPO?
riya Ranade made post
IPO

What is the allotment and listing date of the Burger king IPO?

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Khushi Patel answered.
5 months ago
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The renowed fast food chain, Burger King India, has filed an addendum to the draft red herring prospectus or DRHP with SEBI. It has now increased the fresh issue size from Rs.400 crore to Rs 600 crore. Out of this Rs.150 crore will be placed privately.

As per the modified addendum filed with SEBI, the IPO will comprise a fresh issue of Rs.541.92 crore and an offer for sale of 6 crore equity shares by the promoters of Burger King.

The funds will be used to finance the roll out of new company-owned Restaurants.

Important dates in regards to listing and allotment-

Bid/Offer Opens On- Dec 2, 2020

Bid/Offer Closes On- Dec 4, 2020

Finalization of Basis of Allotment- Dec 9, 2020

Initiation of Refunds- Dec 10, 2020

Credit of Shares to Demat Acct- Dec 11, 2020

IPO Shares Listing Date- Dec 14, 2020

UPI Mandate Expiry Date- Dec 22, 2020

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Ayushi Kampani answered.
5 months ago
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Also, you guys can check the allotment status at - http://www.linkintime.co.in/
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