Burger King India IPO Fully Subscribed on First Day

New Delhi: Burger King India Ltd initial public offering worth Rs 810 crore issue, Burger King India Ltd was subscribed over three times at the end of the first day of bidding.
The IPO size, mentioned above, excluded the anchor book portion. The company has already raised Rs 364.5 crore from anchor investors on December 1, a day before the issue opening.
The operator of Burger King-branded restaurants in India gets demand for 109% of shares offered as of 12 p.m. local time today.
Initial public offering gets bids for about 81.2m shares vs 74.5m offered Company raised Rs365cr selling 60.75m shares at Rs60 each to 55 anchor investors before opening of the public offer which is scheduled to close on Dec. 4,
Anchor investors include Fidelity Funds, Government of Singapore, Amansa Holdings Pvt., HDFC Trustee Co. and ICICI Prudential.
The demand for foreign shares has seen a very speedy growth in the domestic market as they are more reliable and people trust them easily especially the branded ones.We always try to convey the message to our audience is that they must do a proper deep research on the kind of stocks they are buying as it is a form of investment.