Private Equity

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Sapphire Foods' Rs.2073-Cr IPO subscribed 6.62 times

Economic Times  

The INR 2,073 crore initial public offer of Sapphire Foods India, the operator of KFC and Pizza Hut outlets across the country, was subscribed 6.62 times. The issue received a bid for 6.40 crore shares against the total issue size of 96.63 lakh shares. The portion reserved for retail investors was subscribed 8.70 times. The non-institutional investors' category received 3.46 times the shares on offer. The qualified institutional buyers' portion was subscribed 7.5 times. The public issue was entirely an offer for sale, in which its existing shareholders and promoters offloaded 1.76 crore shares in the range of INR 1,120-1,180 apiece. Last week, Sapphire Foods India had raised INR 933 crore from 53 anchor investors by allotting 79.06 lakh shares at INR 1,180 per share.

From the Venture Intelligence PE-VC Deal Database: Between Jul-2015 and Aug-2021, Sapphire Foods had raised over INR 2,000 Cr from Newquest, TR Capital, Creador, Edelweiss Private Equity, IDI Emerging Markets, CX Partners, Samara Capital and Goldman Sachs