InvestorQ : What did the final subscription numbers for Burger King IPO look like on closing?
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What did the final subscription numbers for Burger King IPO look like on closing?

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Juvina Maggie answered.
4 months ago
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The Burger King IPO closed on Friday with a phenomenal 157 times oversubscription overall across the 3 major categories. Against the issue of 7.5 crore shares on offer, the IPO received total demand for nearly 1170 crore shares. This is slightly surprising as it operates in the restaurant business, which is one of the worst hit by the pandemic.

QIB portion got oversubscribed by 87 times and this is exclusive of the anchor segment demand for the issue. The HNI portion got subscribed 354 times, largely on the back of a late surge in funded applications. Retail investors only had 10% quote in the issue and that portion saw 68% oversubscription.

Burger could benefit substantially from reduced competition as unorganised smaller local restaurants had shut due to COVID related disruptions.

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