Mumbai: Burger King India Ltd (BKIL) is one of the fastest growing international QSR chains in India which got positive response on its IPO
International quick service restaurant chain Burger King India ltd (BKIL) began its journey on Indian bourses with a stupendous opening garnering a premium of over 92 per cent on the first day of trade on Monday.
Against the issue price of Rs 60, Burger King stock opened at Rs 115.35 on BSE, while on the National Stock Exchange, shares made a debut at Rs 112.50, a premium of over 87 per cent over the IPO price.
At 1 p.m., the stock was trading at Rs 134.49 over 124 per cent higher than the issue price on BSE.
The performance of the stock had even defied projections made by analysts who had expected Burger King to list at around 70-75 percent premium over issue price.