Burger King shares more than double in best listing day show in three years

Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers

Quick service restaurant (QSR) Burger King India’s stock more than doubled on its market debut on Monday, ending with a gain of 131 per cent — the best listing day performance in over three years — at Rs 138 apiece, over its issue price of Rs 60.

Indeed, such was the stellar performance, that at one point in the day, the stock was locked in the upper circuit with only buyers and no sellers. The listing day surge follows its highly successful initial public offering (IPO), which saw demand exceed supply over 156 times.

The listing and IPO mark a remarkable turnaround