Burger King India IPO Fully Subscribed on First Day of Offer
· The operator of Burger King-branded restaurants in India gets demand for 109% of shares offered as of 12 p.m. local time today.
· Initial public offering gets bids for about 81.2m shares vs 74.5m offered
Company raised Rs365cr selling 60.75m shares at Rs60 each to 55 anchor investors before opening of the public offer which is scheduled to close on Dec. 4,
· Anchor investors include Fidelity Funds, Government of Singapore, Amansa Holdings Pvt., HDFC Trustee Co. and ICICI Prudential