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Sapphire Foods India IPO (Initial Public Offering) will open for subscription on November 9, with up to 17,569,941 equity shares of Rs 10 each. Read on.

Sapphire Food India's IPO comprises a pure offer for sale (OFS) for 17.57 million shares by existing shareholders and promoters.

KFC and Pizza Hut outlets operator Sapphire Foods India Ltd will open for public subscription on November 9. 

The shares of these companies will be listed on the BSE and NSE. 

Sapphire Foods India Ltd. has sought the market regulator’s approval for an initial public offering, as the operator of KFC, Pizza Hut and Taco Bell in India, Maldives and Sri Lanka aims to join quick-service restaurant chain peers in what may be a record year for maiden offers.

Sapphire Foods, an omni-channel restaurant operator and the largest franchisee of Yum Brands in the Indian sub-continent, is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss.

New Delhi: Sapphire Foods India Limited, which operates KFC and Pizza Hut outlets, has filed a draft paper with capital markets regulator SEBI to rai..|News Track

The initial share-sale will be entirely an offer-for-sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP)

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