Burger King India IPO allotment status to be announced today: Here’s how to check

• The basis of allotment for ₹810 crore initial public offering (IPO) of Burger King India will be announced today (December 9).
  
• The public issue of the quick-service restaurant (QSR) chain was subscribed 157 times on December 4, the final day of bidding.
  
• The grey market premium of the food giant also soared nearly 70% to ₹40-42, up from 58% on the closing day of subscription.
  
• Here’s how to check Burger King India IPO allotment status.
  
• Check out the latest news and updates on Business Insider.

After receiving a stellar response from investors, the basis of allotment for ₹810 crore initial public offering (IPO) of Burger King India will be announced today (December 9).

The public issue of the quick-service restaurant (QSR) chain was subscribed 157 times on December 4, the final day of bidding — making it the second most successful IPO of 2020 after Mazagon Dock shipbuilders. It received bids for 11.67 billion shares, against the 74.49 million on offer.

Burger King India	Qualified institutional buyer	Non-institutional investors	Retail individual investor	Total
IPO subscription	86.64x	354.11x	67.41x	156.52x

Once the basis of allotment is done, the investors can check their subscription status on Burger King IPO registrar’s Link Intime India Private website.

However, after this stellar response that Burger King India IPO has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for.

Here’s how to check Burger King India IPO allotment status:

If you subscribed for the Burger King India IPO, you could check your allotment status by following these simple steps:

To check on the stock-exchange website:

• To check the Burger King India IPO allotment status, go to the BSE website or NSE website here.
• On BSE, Select ‘Equity’ and then from the dropdown, select ‘Burger King India’.
• Now, enter your application number and PAN.
• Click on ‘Search’.

Please note the details will only be available once the shares are allotted.

You can also visit the Registrar website (Linkintime) to check your application status.

• Visit the registrar’s website here.
• Click on ‘Select company’ and click on ‘Burger King India IPO’. It will only appear post allotment on November 17.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.
• Enter the captcha and click ‘submit’.

Once you hit ‘submit’ the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you.

The growing appetite for its shares

The shares of the American food giant are pipping hot in the grey market, ahead of its listing. The grey market premium of the food giant also soared nearly 70% to ₹40-42, up from 58% on the closing day of subscription. The grey market premium is the measure of the extra amount that the market is ready to pay for a newly listed company’s shares. However, it is not an official measure of the market premium. But it is a fair indicator of demand for the shares in the market.

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