The issue from Burger King India Limited which had tapped the capital markets with its fresh issue for Rs 450 crs and an offer for sale of 6 cr shares received overwhelming support and was subscribed 157.16 times. The issue had opened on Wednesday the 2nd of December and closed on Friday the 4th of December. The price band was Rs 59-60.

The company had earlier allotted 6,07,50,000 equity shares at Rs 60, to 22 Anchor investors comprising of 55 entities. The highest allocation was made to Fidelity Funds who were allotted 1 cr shares or 16.46% of the anchor allocation to 3 entities within the Fidelity group. The promoter of the company since filing the RHP has also filed a corrigendum wherein it is mentioned that the promoter has sold a further 2.75 cr shares at Rs 60 to four entities. The promoter holding in the company after this sale would now be in the region of 52-54% holding.

QIB portion was subscribed 86.48 times, HNI portion was subscribed 357.45 times while Retail portion was subscribed 68.79 times. Overall, the issue was subscribed 157.16 times. The issue garnered subscription worth Rs 70,000 crs while the issue size was Rs 810 crs. There were 24.15 lac applications.

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