Burger King IPO listing today: The wait is finally over for all those investors who have put their bets on the Burger King India Limited issue as the stock has got listed today. Zee Business Managing Editor Anil Singhvi's strategy on the Burger King IPO and its listing has been spot on. As indicated by the Market Guru, the Burger King stock was listed at almost double the price. Burger King share was listed at Rs 112.50 on the NSE. At 10:06 am, the stock was trading around Rs 114.25, up by almost another 1.6 per cent from the listing price.

What should Investors do about Burger King share? 

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The Market Guru said that all those people who are allotted this share should go ahead and invest more in this stock. On a lighter note, SInghvi said that the investors should take a larger bite of the stock so that the prices rise.

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The Managing Editor advises the investors to put a stop loss of Rs 100 if they are taking a short position or want to exit after taking the listing gains. They should book profit if the Burger King stock comes down, otherwise they should hold on to the stock. 

He also said that the stocks like Burger King, Westlife or Jubilant Food are meant to be expensive so looking at the valuation should not be the only yardstick while considering the stock.   

Earlier in the morning, Zee Business Managing Editor Anil Singhvi had given his take on whether the stock would double. 

  He had said that the stock is poised for a bumper listing on Monday and there was no doubt about it. He expected Burger King listing to be in three figures, in between Rs 110 and Rs 120. The prices are likely to double at the time of listing, he further said.  

Zee Business had earlier advised the investors to their money in an aggressive way on Burger King IPO. He also said that it was not the case that the prices will come down after the listing. 

  The Burger King IPO opened on 2 December 2020 and closed on 4 December. The price band for this issue was Rs 59-60 per share.  

Earlier, Chief Executive Officer Rajeev Varman outlined the plan for the company in chat with Zee Business. Varman had said that the total size of the IPO is Rs 810 cr and it had two components - primary and secondary. The company plans to raise Rs 450 cr from the primary IPO. The secondary IPO is of 60 million shares. At a price band of Rs 59-60, the IPO size will be Rs 360 cr.   

The sale Burger King shares is by promoter QSR Asia, the CEO said. The proceeds from the primary IPO will be used to “write off” its loan of Rs 165 cr, the company took last year. The remaining money will be used to build additional restaurants, he said.  

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The money will also be utilised for meeting the IPO and other company expenses, he further said.