Expected Listing Price of Burger King Shares: Market Speculations and IPO Details
There has been much speculation and interest in the upcoming initial public offering (IPO) of Burger King shares. The company's IPO is scheduled to take place, with the price band fixed at a range of 59-60 per share. The details surrounding the IPO, including the subscription trends and the impact of the grey market, continue to evolve.
Price Band and Subscription Details
The price band for Burger King's IPO has been firmly set at 59-60 per share, with a total issue size of 810 crore shares. The IPO will conclude on December 4th, giving investors ample time to make informed decisions.
Burger King has allocated its shares in the following proportions: up to 10% for retail investors, up to 15% for non-institutional investors, and up to 75% for qualified institutional investors. This allocation strategy is designed to ensure a diverse and balanced distribution of shares across various investor segments.
Subscription Success and Grey Market Trends
As with many successful IPOs, subscription for Burger King's shares has been exceptionally high. The IPO has garnered 157 times subscription, which is indeed a commendable success rate. This level of demand reflects both the brand's strength and the market's interest in the offering.
It is important to note that grey market prices, while often indicative of market sentiment, are not verified and can fluctuate significantly. As of now, the grey market premium stands at around Rs. 40, indicating a current share price of approx. Rs. 100.
Conservative Listing Price Estimations
Given the current grey market trends and the robust subscription success, it is reasonable to conservatively estimate the listing price at around Rs. 100 per share. There is also a good chance of the listing price reaching between Rs. 110-120 per share, reflecting the high demand and brand value.
As the IPO is just days away, the grey market prices will continue to fluctuate, and it remains crucial for investors to conduct thorough research and analysis before making any investment decisions.