Sapphire Foods Have Filed Application With Sebi For An IPO

Sapphire Foods have filed an application with Sebi for an IPO. 3 more companies are coming to IPO, keep money ready to buy shares.

Three more companies are preparing to IPO in the stock market this month. Delhivery, Sapphire Foods, and Capital Small Finance Bank have filed applications with Sebi for an IPO.

Supply chain company Delhi (Delhivery IPO news) has applied to capital markets regulator SEBI to raise Rs 7,460 crore through an initial public offering (IPO).

According to the Draft Red Herring Prospectus (DRHP), the IPO will issue fresh equity shares of Rs 5,000 crore, while it includes an offer for sale (OFS) of Rs 2,460 crore by existing investors.

The proceeds of the issue will be used for expansion plans, acquisitions, and general corporate purposes.

Sapphire Foods India Ltd, which runs KFC and Pizza Hut restaurants, said on Tuesday that it has fixed the price range under its initial public offering (IPO) at Rs 1,120-1,180 per share.

The total size of the IPO is Rs 2,073 crore and will open on November 9. The three-day-long IPO will close on November 11.

The IPO will be in the form of an offer for sale (OFS) in which 17,569,941 equity shares will be offered by the promoters and existing shareholders of the company.

Sapphire Foods is backed by leading investors such as Samara Capital, Goldman Sachs, CX Partners, and Edelweiss.

Sapphire Foods had 204 KFC restaurants in India and Maldives and 231 Pizza Hut restaurants in India, Sri Lanka, and the Maldives as of 31 March 2021.

Capital Small Finance Bank has submitted documents for initial public offering (IPO) with the Securities and Exchange Board of India (SEBI).

According to the documents, new shares worth Rs 450 crore will be issued under the IPO. Apart from this, an offer for sale (OFS) of 38.40 lakh shares will be brought.

The Small Finance Bank (SFB) will use the proceeds from the new shares to strengthen its Tier-I capital and meet future capital requirements.

Capital Small Finance Bank was given scheduled bank status by the Reserve Bank of India in February 2017.