A largest franchisees of Yum! Brands Inc. Sapphire Foods raised ₹933 crores from anchor investors on November 08, 2021 Monday before the IPO. The Sapphire Foods IPO to open on November 09, Tuesday. The company allotted total of 79,06,473 equity shares to 53 Anchor investors at a upper price band ₹1180. The anchor investors list includes 2 Mutual Funds through a total of 19 schemes. The company is going to raise ₹2073 crores via IPO. Check out the final list of Sapphire Foods Anchor Investors given below:
List of Sapphire Foods Anchor Investors:
The IPO Committee of the Board of Directors of the company in their meeting held on November 08, 2021, in consultation with the Selling Shareholders (excluding WWD Ruby Limite), JM Financial Limited, BofA Securities India Limited, ICICI Securities Limited and IIFL Securities Limited (Book Running Lead Managers), have finalized allocation of 79,06,473 Equity Shares, to the Anchor Investors at Anchor Investors Allocation price of Rs.1180 per Equity Share (including share premium of Rs.1170 per equity share). The details are given below:
The Sapphire Foods IPO to open on 09 November and closes on 11 November 2021. The price band is fixed at ₹1120 to ₹1180. Sapphire Foods IPO application minimum bid is for 12 Shares (₹14,160) and maximum bid is 168 shares (₹198,240). The Book Running Lead Managers of the IPO are JM Financial Limited, BofA Securities India Limited, ICICI Securities Limited and IIFL Securities Limited.