Burger King Locked In 20% Upper Circuit A Day After Blockbuster Debut

Shares of Burger King were locked in a 20 per cent upper circuit at ₹ 162 a day after it made a stellar market debut on Monday. There were a total pending buy orders for 15,88,446 shares on the BSE while there were no sellers on the exchange. The shares of the quick-service restaurant chain got listed at ₹ 115.35 on the BSE, a 92.25 per cent premium over the issue price of ₹ 60. On the NSE, the shares debuted at ₹ 112.50, up 87.5 per cent.

Burger King India’s initial public offer, which was open between December 2 and 4, consisted of a fresh issue of equity shares amounting to ₹ 450 crore and an offer for sale worth ₹ 360 crore by the promoter QSR Asia, in the price band of ₹ 59-60 per share.

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