Burger King IPO Award Status
New Delhi: The award process for the recently concluded IPO of the fast food chain Burger King is now complete. Successful awardees have already received SMS about their award from their broker. If you have not received your assignment message yet, you can check the status of the assignment on the Registrar’s website or on the BSE website.
How to check Burger King IPO allocation status
In Burger King’s case, Link Intime India was the registrar. The status of the award will be updated on your website. Applicants can check the status of their assignment on the Link Intime India website by clicking this link (https://bit.ly/33Th7LK). Applicants will need to select Burger King India Limited – IPO from the drop down menu and enter their PAN, Application Number or DP Client ID and click search to view their allocation status.
In addition to the registrar’s website, applicants can check the status of their assignment on the BSE website as well by clicking this link (https://bit.ly/2Iwn4a4). You need to select equity under Issue Type, then select Burger King India Limited from the drop down list in Issue Name section. Now enter your Application Number and PAN Number in the respective boxes and then click Search to see the status of the assignment.
A price gain of 30-40% is expected
With over 150 subscriptions, Burger King IPO is among the top three most subscribed IPOs in India this year. The fast food chain’s shares will be listed on Monday (December 14). According to market experts, the shares are expected to trade at a premium of around 30-40% over the offer price. Burger King-listed pairs in the QSR segment like Jubilant Foodworks and Westlife Development have already seen their shares soar 53% and 26% respectively this year so far. Analysts say Burger King’s stock is likely to match the performance of its peers.
Given that the company plans to grow rapidly over the next two years using proceeds from the IPO by opening company-owned stores, investors who did not get an IPO allocation are likely to grab Burger King shares afterward. of your quote.
