Burger King Share Price Today: Zee Business Managing Editor Anil Singhvi has shared his view. Burger King has listed quite successfully and the investors must be laughing all the way to the bank with their profits. However, there is a big question on the minds of investors, What should they do after Burger King Share Price has made a splendid debut. Should they sell Burger King share or should they hold. For them, the Market Guru has mapped the terrain. He said that short term investors can trade on this stock with stop loss of Rs 100 while long term investors can hold on to this stock.
Also, Singhvi said hardly many retail investors got the allotment of these shares. He said short term investors should decide if they want to keep their stop loss at Rs 100 or Rs 105 or Rs 110 depending upon their risk appetite. Singhvi said he would have been happier if more applicants would have got allotment. Some IPOs have rewarded applicants with decent returns but many got the allotment which helps them gain some profit. Lucky investors who got share allotted have doubled their money on the first day of listing added Singhvi. Even though it is one lot, their money got doubled i.e. (Rs 15000 invested and current value of minimum lot is 250 * 120 = Rs 30000).
Many broking houses are saying that they should book profits as the valuations are running ahead of fundamentals while some are suggesting to hold on to it as further upmove on the stock is possible from here as well as some fund houses are actively buying into this company.
Burger King India Limited is one of the fastest-growing international QSR chains in India during the first five years of its operations based on the number of restaurants. The issue opened on 2nd of December for subscription and closed on Friday the 4th of December. The price band of the issue is Rs 59 – Rs 60. Bid lot of the issue will be 250 shares and the multiple thereof. The size of the issue is Rs 810 cr.
Burger King IPO was oversubscribed by nearly 157 times. The retail individual investors segment of the Burger King IPO was subscribed over 68 times. This indicates the confidence retail investors have on the future prospects of Burger King and they feel that the company is fairly priced at current levels to give them decent returns on the listing day. The Burger King IPO portion meant for qualified institutional buyers (QIBs) was subscribed close to 87 times and non-institutional investors 354 times. The Burger King IPO included a fresh issue of shares worth Rs 450 cr.
As the national master franchisee of the BURGER KING brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. The company’s master franchisee arrangement provides them with the ability to use Burger King’s globally recognized brand name to grow its business in India while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.
The Burger King brand, also known as the HOME OF THE WHOPPER, was founded in 1954 in the United States and is owned by Burger King Corporation, a subsidiary of Restaurant Brands International Inc., which holds a portfolio of fast-food brands that are recognized around the world, which includes BURGER KING, POPEYES and TIM HORTONS.
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The Burger King brand is the second largest fast food burger brand globally as measured by the total number of restaurants, with a global network of 18,675 restaurants in more than 100 countries and US territories as of Sept 30, 2020.