The IPO of Burger King India Ltd was sold out in 2 hours of its opening. The retail share allotted received 5.1 times of sales while the shares reserved for institutional investors has not received subscription. Burger King earlier has raised 2 pre-placement IPO, one in May 2020 and November 2020. The shares was priced at 60/- a share and a person had to apply for min. of 250 equity share. Amount received will be used to repay existing debt and for expansion of the company.
Burger King IPO subscribed fully on opening day
