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.