IPO of Sapphire Foods, which runs KFC and Pizza Hut outlets, is open for investment
Sapphire Foods IPO: If you want to participate in running outlets like KFC, Pizza Hut then there is a good chance for you. The IPO of Sapphire Foods India is open for investment today i.e. on 9th November. Investment in this will stop on Thursday, November 11.
Sunil Shukla 
Sapphire Foods IPO: The IPO of Sapphire Foods India, which operates food outlets like KFC and Pizza Hut, is open for investment today i.e. on November 9. Investment in this will stop on Thursday, November 11.
The company wants to raise around Rs 2,073 crore through its initial public offering (IPO). If you want to participate in running outlets like KFC, Pizza Hut, then there is a good chance for you.
Sapphire Foods has fixed the price band for its IPO at Rs 1,120-1,180. For this, you can invest in lots of at least 12 shares, that is, you have to invest at least Rs 13,440. Small investors can apply for a maximum of 14 lots.
when will the listing happen
The company is planning to list the shares under its IPO on November 22. Under this, about 1.75 crore equity shares of promoter and existing shareholders have been placed under offer for sale. Its promoters QSR Management Trust and Sapphire Foods Mauritius will sell 8.50 lakh and 55.69 lakh shares, respectively.
what does the company do?
Sapphire Foods Mauritius holds about a 46.53 percent stake in the company. As of March 31, 2021, Sapphire Foods operates 204 KFC restaurants in India and Maldives and 231 Pizza Hut restaurants in India, Sri Lanka, and the Maldives.
The company currently operates a total of 450 restaurants. As of 31 March 2021, it is also the largest quick-service restaurant QSR chain in Sri Lanka. Apart from KFC, Pizza Hut, the company also operates Taco Bell brand restaurants and is a leader in Chicken, Pizza, Mexican Food. (Based on inputs from www. business today.in)
