InvestorQ : When is the IPO of Sapphire Foods likely to open and what are the terms of the IPO?
Ria Jain made post

When is the IPO of Sapphire Foods likely to open and what are the terms of the IPO?

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Dia Deshpande answered.
4 weeks ago
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Sapphire Foods is one of the largest franchisees of Yum Brands, just like Devyani International which recently listed its shares on the bourses a couple of months ago. The IPO of Sapphire Foods India will open for subscription on 09-Nov and it will close for subscription on 11-November. As the franchisee of Yum Brands, Sapphire Foods operates KFC and Pizza Hut outlets, apart from a handful of Taco Bell outlets in India and nearby.

The total IPO, which is expected to be in the range of Rs.1,500 crore to Rs.2,000 crore, will be an offer for sale or OFS. The total OFS will be for 1,75,69,841 shares by the existing shareholders. Sapphire Foods is an omnichannel operator in India offering offline and online QSR services. Sapphire currently owns 204 KFC restaurants in India and Maldives, 231 Pizza Hut restaurants apart from just 2 Taco Bell outlets in the island nation of Sri Lanka.

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