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Sapphire Foods IPO listed on the stock exchange with a gain of 15 percent

Sapphire Foods IPO ListingWhere Fintech company Paytm has disappointed investors investing in IPO. At the same time, the listing of Sapphire Foods, the operator of the KFC and Pizza Hut food chain in the country, was good. Sapphire Foods is listed on the stock exchange at Rs 1360.75 at a premium of 15 per cent over its IPO price. Whereas the issue price of the IPO was Rs 1180 per share.

IPO was subscribed 6.62 times

The IPO of Sapphire Foods received a good response from investors and this public issue was subscribed 6.62 times. In which the quota of QIB was subscribed 7.5 times, quota for non-institutional investors 3.46 times and quota for retail investors 8.7 times. The company has raised Rs 2.073 crore from the market through IPO. The IPO of Sapphire Foods India, which operates KFC and Pizza Hut, was open from 9 to 11 November. Sapphire Foods had fixed the price band of its IPO at Rs 1120-1180 per share.

Know who has how much stake

Talking about the stake, Sapphire Foods Mauritius has 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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