Burger King IPO allotment status to be announced today: here is how to check

Quick service restaurant chain Burger King India's initial public offering received stellar response from investors and now they are waiting for the allotment.

The company, in consultation with merchant bankers, finalised the basis of allotment on December 9, as per the tentative schedule available in the IPO prospectus.

Thereafter, the process of unblocking of funds from ASBA account will take place on December 10 and eligible investors will get shares credited into their accounts around December 11, while these shares will debut on bourses on December 14.

Investors can check the allotment status in four easy steps available on the registrar's website.

1 Select the company name (Burger King India)

2 Select your either PAN, Application Number, DP/Client ID or Account No/IFSC;

3 Enter your either PAN, Application Number, DP/Client ID or Account No (along with IFSC Code);

4 Enter CAPTCHA and Submit.

Investors can also check the allotment status in four easy steps on the BSE website.

Investors need to select Equity, select Issue Name (Burger King India), enter Application Number as well as PAN, and click on search button.

Once the abovementioned information provided by an investors is correct, they will see the application status. Investors can see the number of shares subscribed to during the IPO and the shares alloted on the page.

Also read: All about the IPO allotment process for retail investors

Burger King India's IPO has received strong 156.6 times subscription during December 2-4, which in fact was the second highest subscription in 2020.

The Indian subsidiary of second largest fast food burger brand globally raised Rs 810 crore via public issue which comprised a fresh issue of Rs 450 crore and an offer for sale of 6 crore equity shares by promoter QSR Asia.

The company has 259 restaurants as of November 25, 2020 and targets to reach 700 in six years.