Burger King India's Rs 810 crore initial public offering kicked off on Wednesday and was fully subscribed within just two hours.
The issue includes an offer for sale (OFS) of up to 6 crore shares and a fresh issue of Rs 450 crore, being sold in the range of Rs 59-60 per share.
Retail investors, who are willing to invest in the IPO can buy a lot of 250 shares and a maximum of 3,250 shares.
Analysts have recommended investors to 'subscribe' to the issue, as a strong franchise model, negative working capital, market share gains from standalone players and strong store expansion plans would contribute to improving the growth prospects of quick-serve restaurants in the coming years.
Although, the near-term financials of the company may remain under pressure due to Covid and the fact that the company is in an expansion phase, the long-term prospects for Burger King seem well enough.
