Burger King India has been witnessing stellar demand from investors front since its listing day earlier this week. The company freezes at the upper circuit limit for the second consecutive day.
On Wednesday, the company was trading at a new upper price band of Rs199.25 per piece up Rs33.20 or 19.99% on Sensex. This would also be the new all-time high for the stock.
In the previous trading session, the company had ended on the upper circuit of Rs166.05 per piece.
On December 14, Burger King India made its market debut by listing at Rs115.35 per piece.
Since the listing day, Burger King India stock has skyrocketed to breathtaking 72.73%.
If compared to the IPO issue price of Rs60 per equity share, then the stock has zoomed by a whopping 232.08%.
The company which launched its IPO between December 02 - December 04, 2020, got oversubscribed by breathtaking 156.65 times.
Burger King India is available for dealings on Sensex in the list of 'B' Group Securities.
Today, the company released its shareholding pattern. As of December 10, 2020, the promoter & promoter group shareholding stands at 20,18,11,111 equity shares representing 52.88% stake. While the public shareholding stays at 17,98,43,494 resulting in 47.12% stake in the company.