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KFC operator Sapphire Foods IPO opens on November 9

Promoters Sapphire Foods Mauritius, and QSR Management Trust hold 45.52 percent and 5.83 percent shareholding, respectively, in the company.

October 29, 2021 / 01:10 PM IST
  • bselive
  • nselive
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KFC and Pizza Hut operator Sapphire Foods will open its initial public offering for subscription on November 9. This would be the second IPO to open in that week, after Paytm, which will open on November 8.

The public offer with 1,75,69,941 equity shares is entirely an offer for sale (OFS) issue by promoters and investors.

Promoters - QSR Management Trust will sell 8.5 lakh equity shares, and Sapphire Foods Mauritius will offload 55.69 lakh equity shares through offer for sale. Further, WWD Ruby will sell 48.46 lakh equity shares, Amethyst 39.61 lakh shares, and AAJV Investment Trust will offload 80,169 equity shares.

Other investors, Edelweiss Crossover Opportunities Fund and Edelweiss Crossover Opportunities Fund – Series II will sell 16.15 lakh equity shares and 6.46 lakh equity shares, respectively, via OFS.