Burger King allots shares to 55 anchor investors; mops up ₹364.5 crore

Our Bureau Mumbai | Updated on December 02, 2020 Published on December 02, 2020

Consists of a fresh issue of ₹450 crore and OFS of 6 crore shares by promoter QSR Asia

Burger King India Limited has allotted 6,07,50,000 equity shares to 55 anchor investors and raised ₹364.50 crore ahead of the company’s proposed IPO at an upper price band of ₹60 per equity shares.

Burger King India has opened its ₹810-crore IPO today; it will close on December 4.

Also read: Burger King IPO opens on Dec 2 at a price band of ₹59-60

The issue consists a fresh issue of ₹450 crore and an offer-for-sale (OFS) of six crore equity shares by promoter QSR Asia. The price and for the issue has been fixed at ₹59-60 per share.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on December 02, 2020
This article is closed for comments.
Please Email the Editor