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Sapphire Foods IPO Completely Subscribed On Second Day Of Concern

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Sapphire Foods IPO got totally subscribed on second day of issueThe initial public deal (IPO) of Sapphire Foods India Limited, the franchise holder of KFC and Pizza Hut outlets in India, was fully subscribed on the 2nd day of subscription on Wednesday.The Rs 2,073-crore IPO got quotes for 1,03,68,948 shares against 96,63,468 shares available, translating into 1.07 times membership, according to NSE data.The classification for Retail Person Financiers (RIIs) was subscribed 5.38 times, non-institutional financiers' part by 29 percent and certified institutional purchasers' (QIBs) by 3 per cent.The business's IPO is of up to 1.75 crore (1,75,69,941) equity shares and the company has fixed the rate band at Rs 1,120-1,180 per share.Sapphire Foods on November 8 had raised Rs 933 crore from anchor investors.Sapphire Foods, an omnichannel restaurant operator and the largest franchisee of Yum Brands in the Indian sub-continent, is backed by marquee financiers such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss.




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