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Burger King and other five IPOs that got fully subscribed on Day 1

Burger King received 15.54 times subscription from retail investors on the very first day, while Happiest Minds received 14.6 times and Chemcon Speciality Chemicals received 9.8 times. Burger Kings’ Rs 810-crore issue was subscribed 3.13 times on December 2 despite a volatile market, becoming one among the six IPOs that got fully subscribed on Day 1.

Moneycontrol News | December 06, 2020 / 18:21 IST
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The initial public offering (IPO) of Burger King India received an overwhelming response from the retail investors. Burger King received 15.54 times subscription from retail investors on the very first day, while Happiest Minds received 14.6 times and Chemcon Speciality Chemicals received 9.8 times. Burger Kings’ Rs 810-crore issue was subscribed 3.13 times on December 2 despite a volatile market, becoming one among the six IPOs that got fully subscribed on Day 1. The huge response from retail investors helped them achieve this. Let’s take a look at the six IPOs that were fully subscribed on Day 1.
The initial public offering (IPO) of Burger King India received an overwhelming response from the retail investors. Burger King received 15.54 times subscription from retail investors on the very first day, while Happiest Minds received 14.6 times and Chemcon Speciality Chemicals received 9.8 times. Burger Kings’ Rs 810-crore issue was subscribed 3.13 times on December 2 despite a volatile market, becoming one among the six IPOs that got fully subscribed on Day 1. The huge response from retail investors helped them achieve this. Let’s take a look at the six IPOs that were fully subscribed on Day 1.
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Company: Burger King India | Day 1 subscription: 3.13 times | Total subscription on day 2: 4.88 times | Issue size: Rs 810 crore
Company: Burger King India | Day 1 subscription: 3.13 times | Total subscription on day 2: 4.88 times | Issue size: Rs 810 crore
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Company: Happiest Minds Technologies | Day 1 subscription: 2.86 times | Total subscription: 150.98 times | Issue size: Rs 700 crore
Company: Happiest Minds Technologies | Day 1 subscription: 2.86 times | Total subscription: 150.98 times | Issue size: Rs 700 crore
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Company: Route Mobile | Day 1 subscription: 1 times | Total subscription: 73 times | Issue size: Rs 600 crore
Company: Route Mobile | Day 1 subscription: 1 times | Total subscription: 73 times | Issue size: Rs 600 crore
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Company: Mazagon Dock Shipbuilders | Day 1 subscription: 2.09 times | Total subscription: 157.4 times | Issue size: Rs 443 crore
Company: Mazagon Dock Shipbuilders | Day 1 subscription: 2.09 times | Total subscription: 157.4 times | Issue size: Rs 443 crore
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Company: Chemcon Speciality Chemicals | Day 1 subscription: 5.18 times | Total subscription: 149.3 times | Issue size: Rs 318 crore
Company: Chemcon Speciality Chemicals | Day 1 subscription: 5.18 times | Total subscription: 149.3 times | Issue size: Rs 318 crore
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Company: Likhitha Infrastructure | Day 1 subscription: 1.01 times | Total subscription: 9.5 times | Issue size: Rs 61 crore (Image: likhitha.co.in)
Company: Likhitha Infrastructure | Day 1 subscription: 1.01 times | Total subscription: 9.5 times | Issue size: Rs 61 crore (Image: likhitha.co.in)

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