Burger King lists at 92% premium over issue price

Quick restaurant chain Burger King India shares had a strong opening premium of 92.25 percent on the first day of trade on December 14.

The listing premium was better-than-expected given the stellar subscription and consistent strong revenue growth as well as store additions over the past more than five years of operations.

The stock opened at Rs 115.35 , against issue price of Rs 60 on the BSE, while on the National Stock Exchange, shares made a debut at Rs 112.50, a 87.50 percent premium over IPO price. Meanwhile analysts expected Burger King to list at around 70-75 percent premium over issue price.

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