Burger King’s IPO has received a tremendous response from investors. The IPO was subscribed 156.65 times. Now investors are waiting for allotment. Today the IPO allotment will be final. Burger King’s IPO will be listed on the stock market on 14 December.
How to check allotment?
Burger King issued 7,44,91,524 shares through an IPO. But bid for 11,66,93,73,500 shares. If you have applied for the IPO of Burger King, then you can easily check sitting at home whether you are allotted or not. The process of knowing the IPO allotment is very easy.
First of all (BSE website)
click this link https://www.bseindia.com/investors/appli_check.aspx. After that, the name of the issue has to be entered in the dropdown, for example, Burger King and then enter your application number in the box below and your PAN number in the box below it. The information related to the IPO will be in front of you.
Apart from this, you can also check the allotment by going to (https://www.linkintime.co.in/IPO/public-issues.html). After opening it, click on Burger king and write your application number in the dropdown. Instead of the application number, you can also check the allotment by entering the Demat account number or PAN number.
If you do not have a share allotment, you will receive a refund in the next two days. All brokerages advised investing in the IPO of Burger King. The year 2020 has been very spectacular for the IPO market. Almost all IPOs have given excellent returns to investors.
Burger King with the help of its IPO will raise upto Rs 810 crore. The price band of Burger King’s IPO was Rs 59-60 per share. The lot size of Burger King’s IPO was 250 shares.
The company will use this fund to open new restaurants and repayment or prepayment of loans. It is worth noting that the company currently has 268 restaurants in 17 states and 57 cities of the country, out of which eight franchises are at airports and the rest are companies.