Burger King IPO GMP Today, Burger King IPO Grey Market Premium Updates | Burger King IPO Listing Gain, Latest target, Opening gain
Burger King India, a quick service restaurant chain, is expected to launch its initial public offering (IPO) for subscription next week. The company, after consultation with merchant bankers, has fixed Burger King IPO price band at Rs 59-60 per share, which is 5.9-6 times of its face value of equity shares.
The initial public offering will open on December 2 and close on December 4, 2020.
Burger King is the India’s fastest growing quick service restaurant chains. It is the second largest fast food burger brand with having 216 Burger-King restaurants and 8 Sub-Franchised Burger King restaurants.
Check out the latest Burger King IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.
Burger King IPO Details:
|Issuer||Burger King India|
|Issue Type||Book Built Issue IPO|
|Issue Period||Issue Opens: December 2, 2020|
|Issue Closes: December 4, 2020|
|Price Brand||₹59 to ₹60 Per Share|
|Issue Size||₹810 Crores|
|Face Value||Rs.10 per Equity Share|
|Market Lot||250 Shares|
|Maximum Bid amount for Retail||Rs. 2 Lakhs|
|QIB||75% of the issue size|
|NIB||15% of the issue size|
|Retail Individual Bidders||10% of the issue size|
|Offer for Sale||₹360.00 Cr|
|Fresh Issue||₹450.00 Cr|
|Listing at||NSE & BSE|
|Apply With||Upstox Free DEMAT Account|
|Grey Market Price||Latest IPO GMP|
BURGER KING IPO Latest GMP
BURGER KING IPO Listing
BURGER KING IPO Allotment Status
BURGER KING IPO Subscription Data
|UPCOMING IPO||UPCOMING DIVIDEND|
|UPCOMING BUYBACK||UPCOMING NCD 2020|
|Best Stocks to buy||Best Share Trading App In India|
Burger King IPO GMP Rates day by day
Burger King Grey market premium as on today
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda|
|14 DEC 2020||50||350||6500|
|13 DEC 2020||48||350||6500|
|12 DEC 2020||50||350||6500|
|11 DEC 2020||48||350||6500|
|10 DEC 2020||47||350||6500|
|09 DEC 2020||45||350||6500|
|08 DEC 2020||42||350||6500|
|07 DEC 2020||42||350||6500|
|06 DEC 2020||40||350||6500|
|05 DEC 2020||35||250||6300|
|04 DEC 2020||34||250||6000|
|03 DEC 2020||30||300||5000|
|02 DEC 2020||27||250||5800|
|01 DEC 2020||25||250||5800|
|30 Nov 2020||32||350||5500|
|29 Nov 2020||30||350||5500|
|28 Nov 2020||30||350||5500|
|27 Nov 2020||15||300||500|
|26 Nov 2020||15||300||500|
|25 Nov 2020||10||300||500|
|24 Nov 2020||₹N/A||₹N/A||₹N/A|
|23 Nov 2020||₹N/A||₹N/A||₹N/A|
Burger King IPO Market Lot:
|Lot Size:||Minimum 250 Shares & Maximum 3250 Shares|
Burger King IPO Review
Burger King IPO Allotment & Listing:
|Basis of Allotment:||December 9, 2020|
|Refunds:||December 10, 2020|
|Credit to Demat Account:||December 11, 2020|
|Listing Date:||December 14, 2020|
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
UPCOMING IPO IN DECEMBER 2020
What is Grey Market?
Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a kostak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:
– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600
As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.
Burger King IPO GMP FAQs
The Grey Market Premium of Burger King IPO is approx. in between 45-50 at the moment.
The Subject to Sauda price for Burger King IPO is approx. Rs. 6500/-
Burger King IPO listing gain will be approx. Rs.10000/- (update on a daily basis)
The Kostak price of Burger King IPO is approx. Rs 300/-.