Burger King India IPO GMP History
Burger King India IPO has been listed on December 14, 2020 at a listing price of ₹112.5, against the issue price of ₹60 — a gain of ₹52.5 (+87.5%). The GMP peaked at ₹45 on 12 December 2020 and reached a low of ₹20 on 27 November 2020. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Burger King India IPO raised ₹810 Cr. through its IPO at a price band of ₹59 to ₹60 per share, with a lot size of 250 shares. The IPO was open for subscription from 02 Dec 2020 to 04 Dec 2020.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 11 Nov, 6:58 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 12 Dec 2020 | ₹ 45 | — | 75% | — | — |
| 11 Dec 2020 | ₹ 45 | ▲ | 75% | — | — |
| 10 Dec 2020 | ₹ 44 | — | 73% | — | — |
| 09 Dec 2020 | ₹ 44 | ▲ | 73% | — | — |
| 08 Dec 2020 | ₹ 42 | — | 70% | — | — |
| 07 Dec 2020 | ₹ 42 | ▲ | 70% | — | — |
| 05 Dec 2020 | ₹ 38 | ▲ | 63% | — | — |
| 04 Dec 2020 | ₹ 35 | ▲ | 58% | — | — |
| 03 Dec 2020 | ₹ 32 | ▲ | 53% | — | — |
| 02 Dec 2020 | ₹ 30 | ▲ | 50% | — | — |
| 01 Dec 2020 | ₹ 28 | ▼ | 47% | — | — |
| 30 Nov 2020 | ₹ 35 | ▲ | 58% | — | — |
| 28 Nov 2020 | ₹ 32 | ▲ | 53% | — | — |
| 27 Nov 2020 | ₹ 20 | ▼ | 33% | — | — |
| 26 Nov 2020 | ₹ 25 | — | 42% | — | — |
Burger King India IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 02 Dec 2020
- Close 04 Dec 2020
- Allotment 09 Dec 2020
- Refund/credit 10 Dec 2020
- Listing 14 Dec 2020
Burger King India IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹60 |
|---|---|
| GMP-based estimate (pre-listing) | ₹105 (+75%) |
| Listing gain / loss | +₹52.5 per share |
| Listing date | 14 Dec, 2020 |
| Actual listing price | ₹112.5 (+87.5%) |
Is Burger King India IPO GMP reliable?
Grey market premium for Burger King India IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Burger King India IPO full review for a fundamentals-based assessment before making any grey market trades.
Burger King India IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Burger King India IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Burger King India IPO
Burger King India Limited was incorporated as Burger King India Private Limited in Mumbai on 11 November 2013, and was later renamed Restaurant Brands Asia. Its promoter is QSR Asia Pte. Ltd.
According to Technopak, it was one of the fastest growing international QSR chains in India in its first five years by number of restaurants. As master franchisee it uses the global Burger King brand, which had 18,675 restaurants in more than 100 countries on 30 September 2020.
As of the prospectus date it had 259 company owned and nine sub franchised Burger King restaurants, and it planned to have at least 300 restaurants by 31 December 2021. Its menu and pricing are tailored to Indian tastes with a focus on value.
The IPO was Rs 810 crore, with Rs 450.00 crore of fresh issue and Rs 360.00 crore of offer for sale by QSR Asia. The fresh money was for repaying borrowings and opening new company owned restaurants.
Frequently asked
What is the GMP of Burger King India IPO?
The current Grey Market Premium (GMP) of Burger King India IPO is ₹ 45.
What is the Kostak Price of Burger King India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Burger King India IPO is not available.
What is the Subject to Sauda Price of Burger King India IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Burger King India IPO?
Burger King India IPO listed on December 14, 2020 at ₹112.5, against the issue price of ₹60 — a gain of +87.5%.
How did the GMP of Burger King India IPO trend before listing?
The GMP of Burger King India IPO was stable in its final days before listing. The GMP peaked at ₹45 on 12 December 2020. View the day-wise table above for the complete GMP history.
Explore Burger King India IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
