Sapphire Foods Preparing to Launch IPO, Shares Sold through OFS
Image Credit: DB

Sapphire Foods Preparing to Launch IPO, Shares Sold through OFS

KFC and Pizza Hut operator Sapphire Foods have made preparations to bring an IPO. The company has sought approval from market regulator SEBI.

KFC and Pizza Hut operator Sapphire Foods have made preparations to bring an IPO. The company has sought approval from market regulator SEBI to bring an IPO. For which today the company has filed Draft Red Herring Prospectus (DRHP) with SEBI. This IPO will be purely Offer for Sale (OFS). In which the promoters and existing investors will sell the shares.

1.75 crore shares will be sold through IPO

1 crore 75 lakh 69 thousand 941 shares of Sapphire Foods will be sold through IPO. These shares will be sold by the existing shareholders of the company. This IPO will be purely an offer for sale.

These companies will sell

Image Credit: Justdial
Image Credit: Justdial

QSR Management Trust will sell 8.5 lakh shares in the offer for sale. Sapphire Foods Mauritius will sell 55.69 lakh shares. Whereas, WWD RUBY will sell its 48.46 lakh shares through OFS. Amethyst will sell 39.61 lakh equity shares while AAJV Investment Trust will sell 80 thousand equity shares. Edelweiss Crossover Opportunity will sell 16.15 lakh shares and Edelweiss Crossover will sell 6.46 lakh shares.

The company that runs the restaurant

Sapphire Foods operates 437 restaurants in India, Sri Lanka and Maldives under the names KFC, Pizza Hut and Taco Bell. Sapphire Foods is the largest franchise operator of the YUM brand by revenue in the Indian subcontinent. The company has investments from Samara Capital, Goldman Sachs, CX Partners and Edelweiss. Sapphire Foods, the largest franchise operator of the YUM brand, has raised Rs 1.15 crore from private equity investors.

Like and Follow us on :

Related Stories

No stories found.
Since Independence
www.sinceindependence.com