Financial Insights

KFC operator Sapphire Foods IPO subscribed 45%; retail investors portion booked 2.38 times on day 1

Sapphire Foods, which operates KFC and Pizza Hut, made its debut today on November 9th with a 45% subscription to the public offering and bid for 43.81 lakhs equity shares, for a total of 96.63 lakhs equity shares.

The issue ends on November 11th. The individual investors have submitted a bid of 2.38 times the number of shares reserved for them.
Non-institutional units accounted for only 4%, while qualified institutional buyers bid on 2% of the booking portion.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button