Business Today.KFC, Pizza Hut operator Sapphire Foods' IPO to open on Nov 9, check out details.KFC and Pizza Hut outlets operator Sapphire Foods India Ltd is going … Hut partners HUL to add Kwality Wall's ice cream, desserts in menu..6 days ago

KFC and Pizza Hut outlets operator Sapphire Foods India Ltd is going to come out with its preliminary general public providing (IPO) on November 9.  The situation will near on November 11 with the agency preparing to record on the bourses on November 22.  Sapphire Food items India’s IPO includes […]

KFC and Pizza Hut outlets operator Sapphire Foods India Ltd is going to come out with its preliminary general public providing (IPO) on November 9. 

The situation will near on November 11 with the agency preparing to record on the bourses on November 22. 

Sapphire Food items India’s IPO includes a pure give for sale (OFS) for 17.57 million shares by existing shareholders and promoters.

Also Browse: KFC, Pizza Hut operator Sapphire Foodstuff information IPO papers

As a portion of the OFS, QSR Management Trust will promote 8.50 lakh shares, Sapphire Food items Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Amethyst will offer 39.62 lakh shares.

In addition, AAJV Financial investment Rely on will market 80,169 shares, Edelweiss Crossover Possibilities Fund will offload 16.15 lakh shares and Edelweiss Crossover Opportunities Fund-Sequence II will divest 6.46 lakh shares.

Sapphire Foodstuff Mauritius presently has a 46.53% stake in the enterprise, WWD Ruby retains an 18.79% stake, and QSR Administration Trust has a 5.96% stake.

JM Fiscal, BofA Securities, ICICI Securities and IIFL Securities are the direct administrators to the firm’s public difficulty. The fairness shares of the corporation will be mentioned on BSE and NSE.

Sapphire Meals India, which filed its draft papers with marketplaces regulator SEBI in August, has been given funds marketplaces regulator Sebi’s nod to elevate cash through IPO.

Also Browse: Pizza Hut companions HUL to increase Kwality Wall’s ice cream, desserts in menu

Sapphire Foodstuff, an omnichannel cafe operator and the most significant franchisee of Yum Manufacturers in the Indian sub-continent is backed by marquee investors these as Samara Money, Goldman Sachs, CX Companions and Edelweiss.

As of March 31, 2021, Sapphire Meals owned and operated 204 KFC dining places in India and the Maldives, 231 Pizza Hut dining places in India, Sri Lanka and the Maldives, and two Taco Bell dining establishments in Sri Lanka.

Devyani Intercontinental, which is the other franchisee of Yum! Brand names in India operates 297 Pizza Hut merchants and 264 KFC shops. It experienced launched its Rs 1,838-crore IPO in August.

Sharron Hermanson

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