Burger King IPO GMP Today, Latest Burger King India IPO Grey Market Premium Updates

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
Equity 13,50,00,000 Shares
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

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
 Minimum Amount:  ₹15000
 Maximum Amount:  ₹195000

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

Disclaimer:

– 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

What is the Grey Market Premium (GMP) price of Burger King IPO?

The Grey Market Premium of Burger King IPO is approx. in between 45-50 at the moment.

What is the Subject to Sauda price for Burger King IPO?

The Subject to Sauda price for Burger King IPO is approx. Rs. 6500/-

How much will be listing gain in Burger King IPO?

Burger King IPO listing gain will be approx. Rs.10000/- (update on a daily basis)

What is kostak price of Burger King IPO?

The Kostak price of Burger King IPO is approx. Rs 300/-.

LEAVE A REPLY

Please enter your comment!
Please enter your name here