Burger King IPO subscribed 9.4x on Day 2, retail portion by 37.8 times

Wealthy investor and institutional investor portions subscribed 3.6 times and 2.7 times, respectively; Only 10 per cent of the issue is reserved for retail investors

Burger King India’s initial public offering (IPO)  was subscribed  9.4 times on Thursday, the penultimate day of the issue. 

The retail investor portion of the IPO was subscribed 37.8 times; the wealthy investor and institutional investor portions were subscribed  3.6 times and 2.7 times, respectively. Only 10 per cent of the issue is reserved for retail investors. 

On Monday, the company had issues shares worth Rs 365 crore to 55 anchor investors at Rs 60 per share.  

The Rs 810-crore IPO of Burger King includes a fresh issue of Rs 450 crore and a secondary share sale worth Rs 360 crore. The proceeds