Burger King: Burger King India’s IPO has become a blockbuster for investors. Burger King shares again have an upper circuit of 20 per cent in Wednesday’s trading. Today, with a rise of 20 percent, the share price has reached Rs 199. Earlier on Tuesday too, Burger King had hit an upper circuit of 20 per cent and the share price had closed at Rs 166. At present, the investors who had invested money in Burger King, their money had increased more than 3 times in just 3 days. Burger King had a strong entry into the stock market on Monday with a 92 percent premium.
Market Cap 7,604.47 Crore
The wealth of investors in Burger King had increased to close to Rs 7604 crore. When the stock was listed on Monday, the market cap of the company was around Rs 4460 crore. That is, since the listing, the wealth of investors has increased to around 3200 crores.
Bumper earnings made on listing itself
Burger King India had a great listing on the stock market on Monday. Burger King shares were listed on BSE at a 92 per cent premium. The issue price of the stock was Rs 60, while it was listed at a price of Rs 115, up by Rs 55. The stock is also listed at Rs 112 on the NSE. The price band of Burger King’s IPO was fixed at Rs 59-60 per share. In this sense, investors’ money has almost doubled on the listing itself. At the same time, on the day of listing, the stock had closed more than 100 percent above the issue price at Rs 138.
Shares up 232% over issue price
Burger King shares have reached Rs 199 in Wednesday’s trade. The issue price was 60 rupees. In this case, investors have received 232 percent return from the issue price in it. The lot size of Burger King’s IPO was 250 shares. That means investors had to invest at least Rs 15,000 in it.
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Burger King Business
The company opened its first restaurant in India in November 2014. Today Burger King has 268 stores in 57 cities across the country. Out of these, there are 8 franchises which are at airports. The company will use this fund from the IPO to open new stores and repay debt.
Source: www.financialexpress.com
