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IPO’s subtly getting oversubscribed, representing the keen interest of investors December 14 2020Burger King IPO, LIC IPO, Indian Railway Finance C

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A lot of business entities are taking keen interest in proposing IPO ever since the horrifying pandemic took place. Today, the 810crore initial public offering (IPO) of Burger King India will debut on the stock exchanges, i.e., 14 of December. The IPO of the rapid-service restaurant chain generated an overwhelming reaction from the investor community. The public offer was signed 156.65 times, attracting over 1,100 crore bids compared to 7.45 crore shares on offer.

The initial public offer from Burger King India was open from 2 to 4 December. A new issue of equity shares amounting to Rs450 crore and a bid by the promoter QSR Asia for sales worth Rs360 crore was the key market offering. In the price range of Rs59-60 per share, the shares were offered. Burger King India will use equity sale proceeds to open restaurants operated by the group and for general corporate purposes. By December 31, 2026, the restaurant chain plans to open about 700 restaurants, including business outlets and sub-franchised organizations. Already there are about 261 restaurants in 57 towns, including Delhi-NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru, Chandigarh and Ludhiana.

Route Mobile IPO price band fixed at Rs 345-350; issue to open on September  9 - The Economic Times

On the very first day, the Burger King India IPO was oversubscribed more than three times, making it the sixth IPO to be entirely subscribed on the first buying day this year.

Some of the other IPO offerings which saw an overwhelming response and were oversubscribed on Day 1 itself were Happiest Minds Innovations, Route Mobile, Chemcon Speciality Chemicals, Mazagon Dock and Likhita Infrastructure.

Mazgaon Dock Shipbuilders.

The initial public offering (IPO) of Mazagon Dock Shipbuilders, the country''s largest defense firm, was finalized on October 8. Mazagon Dock Shipbuilders'' Rs 444-crore public issue generated an overwhelming reaction from investors and was subscribed up to 157.41 times between September 29 and October 1. The public issue had a subscription in the retail category of 35.63 times by Oct 1, 2020, 89.71 times in QIB, and 678.88 times in the NII category.

Indian Railway Finance Corporation (IRFC)

Another IPO which is likely to gain a lot of interest by the investors is by Indian Railway Finance Corporation (IRFC). In order to float an initial public offering of over 178 crore shares, Indian Railway Finance Corporation (IRFC) had filed papers with market regulator SEBI. According to an additional point to the draft red herring prospectus (DRHP) filed with SEBI, the public offering will consist of a new issue of 118 crore of equity shares and an offer to sell 59.4 crore equity shares by the Government of India.

LIC IPO

Life Insurance Corporation (LIC) has planned to launch their IPO. The launch of the LIC IPO will be the biggest IPO launch in India ever. The insurer is India''s oldest and biggest, controlling 72% of the market and having a 66.24% share in the overall collection of premiums for the first year. LIC''s overall value is between Rs9-10 lakh crore. With a cumulative premium accumulation of Rs 45 lakh crore, LIC has 28 crore policies in force.  LIC plans to launch an IPO to sell about 10% of its stake and to be listed on the BSE and NSE stock exchanges. Through this IPO, the government of India aims to collect funds between 80,000 to 1 lakh crore.

Although IPO’s have always kept the investors hunting and keen to invest in the best ones coming up in the market, as IPO’s offer a great deal if the offering firm certainly does well in the market.  

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