Quick service restaurant (QSR) Burger King India shares made a stellar opening on Monday, December 14. The scrip got listed at Rs 115.35, a 92.25% premium over the issue price at the BSE. 

Burger King India raised Rs 8,100 million through public issue which was subscribed 156.65 times during December 2-4.

The stock opened at Rs 115.35, against issue price of Rs 60 on the BSE, while on the National Stock Exchange, shares made a debut at Rs 112.50, a 87.50% premium over IPO price. The company intends to utilize the fresh proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes.

Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial are book running lead managers to the Burger King issue.

Burger King India is one of the fastest growing international Quick Service Restaurants (QSR) chains in India. The company is the national master franchisee of the Burger King brand in India, with exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India