Burger King IPO was launched in December-2020. Its IPO got an overwhelming response from investors. Despite the great listing, Burger King’s shares are seeing a rise. In such a situation, this company has given great returns to the investors in just 7 months.
Actually, Burger King IPO opened in December, and its price band was Rs 59-60 per share. While its listing in the stock market was done at Rs 108.40. At present, this share is around Rs 180.
So far, Burger King’s stock has climbed nearly 200 per cent from its issue price, and that is, the IPO investment money has tripled in just 7 months. The lot size of Burger King’s IPO was 250 shares. Those retail investors who would have invested Rs 15,000, their money would have increased to about Rs 45 thousand now.
Market experts say that given the kind of business the company has, there is a possibility of further growth in the stock. Business can see a boom as soon as the corona cases stop.
Burger King raised Rs 810 crore through its IPO. Burger King’s IPO was the second most subscribed issue in the year 2020. This issue got 354 times the bids. The company is using this fund for opening new restaurants and for repayment or prepayment of loans.
Significantly, the company opened its first restaurant in India in November 2014. The company currently has 268 restaurants in 17 states and 57 cities of the country out of which 8 are franchised at airports and the rest are company-owned.