Sapphire Foods IPO anchor investors: KFC, Pizza Hut operator Sapphire Foods raises Rs 933 cr from anchor investors

New Delhi: Sapphire Meals India Ltd, which operates KFC and Pizza Hut retailers, on Monday stated it has raised Rs 933 crore from anchor traders forward of its IPO rollout on Tuesday. The corporate has determined to allocate a complete of 79,06,473 fairness shares to 53 anchor traders at Rs 1,180 apiece, aggregating the transaction measurement to Rs 932.96 crore, in line with a round uploaded on BSE web site.

Authorities of Singapore, Financial Authority of Singapore, Constancy Funds, Abu Dhabi Funding Authority, Morgan Stanley Asia (Singapore) Pte, ICICI Prudential Life Insurance coverage Firm, Bajaj Allianz Life Insurance coverage Firm and Sundaram Mutual Fund (MF) are among the many anchor traders.

The preliminary public providing (IPO) will probably be totally a suggestion of sale (OFS) of 17,569,941 fairness shares by promoters and present shareholders.

As part of the OFS, QSR Administration Belief will promote 8.50 lakh shares, Sapphire Meals Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Amethyst will provide 39.62 lakh shares.

As well as, AAJV Funding Belief will promote 80,169 shares, Edelweiss Crossover Alternatives Fund will offload 16.15 lakh shares and Edelweiss Crossover Alternatives Fund-Collection II will divest 6.46 lakh shares.

The problem, with a worth band of Rs 1,120-1,180 a share will open for public subscription on November 9 and concludes on November 11. On the higher finish of the value band, the preliminary public providing is predicted to fetch Rs 2,073 crore.

The corporate stated that as much as 75 per cent of the shares has been reserved for certified institutional consumers (QIBs), 15 per cent for non-institutional consumers and the remaining 10 per cent for retail traders.

Sapphire Meals, an omnichannel restaurant operator and the biggest franchisee of Yum Manufacturers within the Indian sub-continent, is backed by marquee traders equivalent to Samara Capital, Goldman Sachs, CX Companions and Edelweiss.

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

JM Monetary, BofA Securities, ICICI Securities and IIFL Securities are the lead managers to the corporate’s public challenge. The fairness shares of the corporate will probably be listed on BSE and NSE.