Burger King IPO Subscribed 9.3 Times On Day 2

Burger King's Rs 810 crore initial public offering (IPO) received a strong response from the retail investors. The quick service restaurant chain's public issue was subscribed 9.38 times on December 2, the second day of bidding. The primary offer was subscribed 37.84 times in the retail category, 2.70 times in the qualified institutional buyers (QIB) portion and 3.61 times in the non-institutional investors (NII) category. The IPO wi...