The multi-franchise QSR operator raised Rs 2,073 crore through its initial stake sale as the company offered 96,63,468 equity shares in the bidding process.
The initial stake sale of Sapphire Foods India was open for subscription between November 9-11. The company sold its shares in the range of Rs 1,120-1,180 apeice.
The IPO was subscribed 6.62 times. The portion reserved for retail investors was subscribed 8.7 times, whereas the quota for institutional investors received bids for 3.46 times. Non- institutional buyers’ allocation was subscribed 7.50 times.
Sapphire Foods, an omnichannel restaurant operator and the largest franchisee of Yum Brands in the Indian sub-continent, is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss.
