The Initial Public Offering of Burger King India Ltd. witnessed an overwhelming response. The IPO evoked a massive oversubscription of 157 times, which is the second-highest subscription of 2020.
Investors who have applied for IPO can check the allotment status on the BSE website.
The stock is likely to be listed on Monday i.e. 14th December 2020. Although the company made loses but stock is unlikely to disappoint the investors and would mostly be listed at a premium price.
The investors who don’t get allotment should buy shares when the share price witness’s a correction after being listed on the stock exchanges.
Burger King’s debt to equity ratio is at 0.80 and Operational Cash Flow has improved from the negative figure to INR 112.7 crore in FY 20. The valuation seems to be reasonable compared to peers.
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