IPO: Sapphire Foods IPO opening tomorrow, invest only Rs 14160, will get bumper benefits

Sapphire Foods India IPO: In the month of November, the IPO market has given many special opportunities to the investors. This month the IPOs of many big companies like Policybazaar and Paytm have been opened in the market. Tomorrow i.e. on November 9, Sapphire Foods India, which operates KFC and Pizza Hut, is also coming up with its IPO, through which you can earn good money.

The company will raise Rs 2073 crore
This IPO will be open for subscription from 9 to 11 November and through this the company is planning to raise Rs 2073 crore. Let us tell you that the company will not issue fresh equity shares in this IPO. In this, shares will be sold only through offer for sale. If you also have a plan to invest money in this issue, then before that you should know about the details of this IPO-

• When will it open – 9 November 2021
• When will it be closed – 11 November 2021
• When will be the list – 22 November 2021
• What will be the price band – Rs 1120-1180
• One Lot – 12 Shares
• Minimum investment to be made – Rs 14,160

QIBs will have 75% share
Let us tell you that 75 percent of the issue in this issue is for Qualified Institutional Investors (QIBs). At the same time, 15 percent share has been kept for non-institution buyers. At the same time, 10 percent of the share will be kept as a reserve for retail investors.

How many shares will be sold
Sapphire Foods Mauritius Ltd will sell about 55.69 lakh shares through this IPO. Apart from this, WWD Ruby Ltd will sell 48.46 lakh shares and Amethyst Pvt. Ltd will sell 39.62 lakh shares.

Know who has how much stake
Talking about the stake, Sapphire Foods Mauritius holds 46.53 percent stake in the company. Apart from this, QSR Management Trust holds about 5.96 percent stake. WWD Ruby holds about 18.79 per cent stake in it. Apart from this Amethyst Pvt. Ltd has 6.67 per cent stake, AAJV Investment Trust holds 0.14 per cent and Edelweiss Crossover Opportunities Fund has 6.83 per cent stake.

How is the business of the company?
The company has around 437 restaurants in India, Sri Lanka and Maldives. Apart from this, the company runs restaurants in the name of KFC, Pizza Hut and Taco Bell. Talking about the Lead Managers of the company, they are JM Financial, BofA Securities, ICICI Securities and IIFL Securities.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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