The Burger King IPO was open for subscription between December 2 and 4. The allotment was finalised over December 9 and 10. The price band for the IPO was Rs 59-60 and the minimum lot was 250 shares.
The Burger King IPO allotment has been finalised.
Here’s how you can check the allotment status.
There are three primary ways to check the status:
a) Check Allotment Status on Groww
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
b) Registrar Website
The registrar for Burger King’s IPO is Link InTime. After you land on the website’s homepage, click on public issues(https://linkintime.co.in/IPO/public-issues.html).
You can also check the allotment status on the Bombay Stock Exchange’s website. (https://www.bseindia.com/investors/appli_check.aspx)
After you click on the link, you will have to feed in your application number and PAN number to check your allotment status.
Read more on Groww: Burger King IPO
How do I know if I have received the Burger King Allotment or not?
We have discussed the steps for the same above.
What happens to the IPO amount in my bank account?
After applying for an IPO, the required amount is blocked for use from your account. Hence the money is still showing in your balance but is blocked for use.
Can we know the Burger King listing price?
Knowing the price at which the shares will list is almost impossible. The companies do have an issue price. But the listing price depends on the grey market transactions. Say the issue price was around Rs 200, and it was trading at a grey market premium of Rs 20 then we can expect the shares to list at around Rs 220. However, nothing can be said with certainty.
What is the grey market?
Grey market for an IPO is an unofficial market where the transactions that take place are ‘over-the-counter’ (OTC) in nature. Mostly are dealt with in cash. Because of its unofficial and OTC nature, there are no rules around it. They are done among a smaller group of people. So the Burger King listing price will depend on the grey market premium.
How are the Burger King IPO shares being allotted?
If the Burger King IPO is oversubscribed, the shares will be distributed proportionately among retail investors so that each retail investor gets one lot minimum. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares.
Why did I not get the Burger King allotment?
There are multiple reasons why a retail investor may not get the allotment:
Will my money come back if I don’t get the Burger King IPO allotment?
If you don’t get the allotment in the Burger King IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will Burger King IPO get listed?
The Burger King shares will get listed on BSE and NSE on December 14.