On Monday, market debut was witnessed in the shares of Burger King India (BKIL). The shares of this quick service restaurant (QSR) more than doubled its issue price. The stock ended at its 20 per cent upper circuit limit of Rs.138.40, a 131 per cent premium over its issue price of Rs.60 on the BSE. On the NSE, the stock ended at Rs.135, up 125 per cent against its issue price.
A 92% premium over its issue price got listed at Rs.115.35 in BSE. On the NSE, it debuted at Rs.112.50, a premium of 87.5 per cent. The counter witnessed huge trading activities with a combined 205.89 million equity shares of BKIL changing hands on the NSE and BSE.

The quick service restaurant's Rs.810 crore initial public offer (IPO), which ran from December 2 to December 4, was subscribed 156 times. That made Burger King India the fourth mainboard IPO this year, which saw bidding of 100 times and more. The other three were Mazagon Dock Shipbuilders (157.41 times), Happiest Minds (156.65 times) and Chemcon Speciality (149.3 times).
The analysts of BKIL said that it was a play on organised QSR space, which is pegged to grow at annualized rate 19 per cent to Rs.82,500crore over the next five years. Some peg the growth rate to be even higher for organised players as the unorganized sector has been badly hit by the pandemic.