The initial public supplying of Burger King India got oversubscribed inside a handful of hours of opening for subscription on Wednesday.
The IPO, which will close on Friday, was subscribed 1.84 instances. The value band is Rs 59-60 per share.
Non-Institutional Investors’ category received 19 per cent subscription although the portion reserved for retail person investors got subscribed 9.83 instances, as per information accessible with stock exchanges till 2 pm.
The IPO will see the Indian subsidiary of the US-primarily based Burger King raise Rs 810 crore, which includes a fresh concern of shares worth Rs 450 crore.
Promoter entity QSR Asia Pte Ltd will sell up to six crore shares via the IPO. At the upper finish of the value band, the sale would fetch Rs 360 crore.
The chain at present operates 268 retailers in India and out of them, eight are franchises, primarily positioned at airports, and the rest are owned by the corporation.
Burger King India, the Indian arm of the US-primarily based swift service restaurant chain Burger King, on Tuesday raised Rs 364.5 crore from anchor investors.
Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial are the managers to the provide.