New Delhi: Sapphire Foods India Ltd., which operates KFC and Pizza Hut Outlets, has submitted a draft paper with a capital market regulator to raise funds through the initial public offering (IPO).
This initial sale will be fully offered by sale (OFS) from 17,569,941 equity shares by existing promoters and shareholders, according to the design of the Red Herring Prospectus (DRHP).
As part of OFS, QSR management trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd.
will reduce 55.69 shares of Lakh, WWD Ruby Ltd will develop 48.46 shares of Lakh and Amethyst will offer 39.62 lakh shares.
In addition, the AAJV Investment Trust will sell 80,169 shares, Edelweiss Crossover Opportunity Fund will collect 16.15 Lakh shares and Crossover Opportunities Edelweiss Fund-Series II will develop shares of 6.46 lakh.
Sapphire food, Omni-Channel restaurant operator and the biggest franchiseee of the Yum brand in the Indian sub-continent, supported by Marquee investors such as Samara Capital, Goldman Sachs, CX Mitra and Edelweiss.
On March 31, 2021, Sapphire food has and operates 204 KFC restaurants in India and Maldives, 231 Restaurants Pizza Hut in India, Sri Lanka and Maldives, and two Taco Bell restaurants in Sri Lanka.
Devyani International, which is another franchise than Yum! Brands in India, operate 297 Pizza Hut stores and 264 KFC stores.
It launched the IPO RS 1,838 Crore last week.
On Monday, Sapphire Foods announced that he raised Rs 1,150 crore funds through a combination of primary and secondary rounds of private equity funds led by Cradors, new capital partners and capital tr.
JM Financial, Securities Bofa, ICICI Securities and IIFL Securities are the main managers for the company’s public problems.
The company’s equity stock will be registered with BSE and NSE.