Burger King’s IPO will not be returned to investors on December 11
The IPO of Burger King received tremendous response from investors and now its allotment is awaited. The company is engaged in negotiations with the merchant banker and the shares will be allotted today on December 9. After this, the work of releasing funds from ASBA (Applications Supported by Blocked Amount) will be done on 10 December. That is, the investors who will not get the shares of Burger King, their money will start returning from December 10. This amount will come into your accounts on December 11. Burger King shares will be listed on December 14.
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If you too have invested in Burger King’s IPO, you can do such checks.
For this, you have to first go to the registrar’s website. For this, click on this link.
https://linkintime.co.in/IPO/public-issues.html
After this, select the IPO name by dropdown.
-After this you enter your DP ID or Client ID or PAN.
-If you have the application number, click on the application type. If you have DP ID or Client ID, choose your depository from NSDL or CDSL and enter your DP ID or Client ID.
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-Then submit Captcha.
After this, you will see the complete detail of allotment. Refund will come in the next two days if you are not allotted.
If you want to check status through BSE, then…
– First click on this link. https://www.bseindia.com/investors/appli_check.aspx
– Then select on equity and drop down. Click on the name of Burger King Share.
After this, you enter the application number, DP ID / Client ID or your PAN.
-Then click on the search button.
– If you fill all these information correctly, then the status of the application will be visible.
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There was tremendous demand for IPO
The Quick Service restaurant chain Burger King India is the 14th IPO of this year. The price band for this IPO was Rs 59-60 per share. Burger King’s IPO was met with overwhelming response from investors. The IPO of the company was subscribed 156.65 times. Burger King had issued 7,44,91,524 shares through an IPO but bid for 11,66,93,73,500 shares.
The funds raised through the Burger King IPO will be used to open new company Ond Restaurants and other expenses. Most brokerage houses advised to buy its shares.
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