Sapphire Foods IPO Is Open For Bidding

Sapphire Foods IPO is open for bidding, know how big is the offer.

The initial public offering (IPO) of Sapphire Foods India Limited, which runs KFC and Pizza Hut, will open for subscription on November 9.

In August, the company had filed a draft document with capital markets regulator SEBI to raise funds through IPO. The IPO will be up for bidding till November 11.

As per the draft IPO details, the initial share-sale is an offering (OFS) of 1,75,69,941 equity shares entirely by the promoters and existing shareholders.

Under the OFS, QSR Management Trust is selling 8.50 lakh shares.

Sapphire Foods Mauritius Ltd. is selling 55.69 lakh shares, WWD Ruby Ltd. is selling 48.46 lakh shares and Amethyst is offering 39.62 lakh shares.

In addition, AAJV Investment Trust will sell 80,169 shares, Edelweiss Crossover Opportunities Fund will sell 16.15 lakh shares, while Edelweiss Crossover Opportunities Fund-Series-II will sell 6.46 lakh shares.

Highlights of IPO.

The price band of the offer is Rs 1120 to Rs 1180.

Initial Share-Sale Offered (OFS) of 1,75,69,941 Equity Shares entirely by the Promoters and Existing Shareholders.

QSR Management Trust is offering shares of Sapphire Foods Mauritius Limited, WWD Ruby Limited, and Amethyst.

Sapphire Foods holds 75 percent of the shares for qualified institutional buyers (QIBs). 15% are for non-institutional investors. Retail investors will be able to buy 10 percent.

SpiceJet has given great facilities to its passengers, now you can pay for air tickets in installments.

SpiceJet passengers will now be able to pay for tickets in installments. The airline on Monday launched a new scheme under which passengers will be able to pay for tickets in three, six, or 12 installments.

The airline said that under the initial offer, customers will be able to take advantage of the option of EMI of three months without any additional cost (without interest).

It is to be known that to avail of the EMI scheme, passengers will have to provide details like PAN number, Aadhaar number, or VID, and verify it with a password.

Customers will have to pay the first EMI from their UPI ID and subsequent EMIs will be deducted from the same UPI ID.