Sapphire Foods IPO is open for bidding, know how big the offer is
- ByStartupStory | November 9, 2021
The initial public offering (IPO) of Sapphire Foods IndiaLimited, which runs KFC and Pizza Hut, will open for subscription on November 9. In August, the company had filed a draft document with capital markets regulator SEBI to raise funds through IPO.
New Delhi, Business Desk. The initial public offering(IPO) of Sapphire Foods India Limited, which runs KFC and Pizza Hut, will open for subscription on November 9. In August, the company had filed a draft document with capital markets regulator SEBI to raise funds through IPO. The IPO will be up for bidding till November 11.
As per the draft IPO details, the initial shareasale is an offering (OFS) of 1,75,69,941 equity shares entirely by the promoters and existing shareholders. Under the OFS, QSR Management Trust is selling 8.50 lakh shares, Sapphire FoodsMauritius Ltd. is selling 55.69 lakh shares, WWD RubyLtd. is selling 48.46 lakh shares and Amethystis offering 39.62 lakh shares.
Highlights of IPOThe price band of the offer is Rs 1120 to Rs 1180.• Initial Share Sale Offered (OFS) of 1,75,69,941Equity Shares entirely by the Promoters And Existing ShareholdersQSR Management Trust is offering shares of Sapphire Foods Mauritius Limited,WWD Ruby Limited and AmethystSapphire Foods is a quality institutional buyers (QIB) holding 75% shares. 15% arefor non-institutional investors. Retail investors will be able to buy 10 percent.
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