Burger King India shares up nearly 100 percent

Mumbai Burger King shares listed on the Bombay Stock Exchange (BSE) 30-share sensitive index Sensex are trading 99.66 per cent up to 119.80 by 12 noon on Monday.

Today, Burger King shares opened at Rs 115.35 as against the issue price of Rs 60 and reached 129.80 level by 12 noon on the day, showing an increase of 99.66 percent. On the other hand, shares were up 87.5 percent at 112.50 during early trading on the National Stock Exchange (NSE).

The shares of Burger King India were subscribed 156.65 times at the beginning of the month of December 2020 and the bidding was fixed at Rs 59-60 per share for the initial public offering (IPO) of Rs 810 crore. The company currently operates 268 stores in the domestic market. Eight of these are franchises, primarily located at airports. The rest of the stores are owned by the company. The company’s market valuation at BSE was Rs 4,535.96 crore.

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