Burger King India vs McDonald's: A new appetite for stock markets

A stock market debut sets up a clash between US rivals as listed peers in India

On Monday, Burger King India listed on the bourses at nearly double its issue price, bringing into focus a fast-food chain that has been in the country just six years. The stock has rallied for two consecutive days and shows no signs of abating.

The buzz around the company’s Rs 810-crore initial public offering (IPO), launched earlier this month, prompted investors to subscribe the issue over 156 times. This puts the firm’s IPO in the top three league of most-subscribed IPOs this calendar year, coming at a time when fears of catching the coronavirus has led people to ditch unhealthy