Burger King IPO subscribed over 3 times, Retail Portion booked over 15 times | check valuation, expansion and outlook

Burger King IPO (BKIL): The Rs 810 crore initial public offering (IPO) of Burger King India the fast-growing international Quick Service Restaurant (QSR) chain in India, was subscribed 3.13 times on the first day of subscription. The quota set for QIB was subscribed 0.17 times, while the portion set for non-institutional investors (NII) was subscribed 0.71 times. The quota set for retail investors was subscribed 15.54 times. The price band of the issue is fixed at Rs 59-60 per share. Today is the second day for subscription and the offer will close tomorrow, December 4, 2020. Bid Lot is 250 Shares and in multiple thereof.