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Burger King India IPO subscribed 3.13 times on Day 1 ...Middle East
The initial public offering of Burger King India got subscribed 3.13 times on the first day of subscription on Wednesday. The IPO, which will close on Friday, received bids for 23,32,00,750 shares against 7,44,91,524 shares on offer, as per data available with the NSE. Qualified institutional buyers (QIBs) category was subscribed 17 per cent, non-institutional investors' segment received 71 per cent subscription, while the portion reserved for retail individual investors got subscribed 15.54 times. The initial public offer (IPO) will see the Indian subsidiary of the US-based Burger King raise Rs 810 crore, including a fresh issue of shares worth Rs 450 crore. Promoter entity QSR Asia Pte Ltd
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