Sapphire Foods India makes a agency debut, lists at over 14% premium above situation worth

Sapphire Foods India share worth: Shares of Sapphire Foods India, which operates KFC and Pizza Hut shops, made a agency debut and received listed at a premium of 14 per cent above their situation worth within the inventory exchanges at the moment.
The scrip received listed at Rs 1,350.00 apiece on the National Stock Exchange (NSE), thereby registering a achieve of 14.41 per cent from its provide worth of Rs 1,180.00, whereas on the BSE, it opened at Rs 1,311.00, up 11.10 per cent from the difficulty worth.
The inventory inched greater from its opening ranges touching a excessive of Rs 1,383.60 on BSE and Rs 1,380.05 on the NSE.
At 11:31 am, the scrip was buying and selling at Rs 1,256.00 on the BSE, up 6.44 per cent from the difficulty worth whereas on NSE it was at Rs 1,257.50. The market capitalisation was at Rs 7,980.94 crore, knowledge from the BSE confirmed.
Over 62.26 lakh shares of Sapphire Foods have been traded up to now within the intraday commerce on NSE whereas over 4.22 lakh shares exchanged arms on the BSE, knowledge from the respective inventory alternate confirmed.
The Rs 2,073 crore Sapphire Foods IPO is solely a suggestion of sale (OFS) of 17,569,941 fairness shares by promoters and current shareholders. The firm won’t obtain any proceeds from the provide. It was subscribed 6.62 instances throughout its provide interval from November 9/11, 2021.
Sapphire Foods, an omni-channel restaurant operator and the biggest franchisee of Yum Brands within the Indian sub-continent, is backed by marquee traders resembling Samara Capital, Goldman Sachs, CX Partners and Edelweiss.
As of March 31, 2021, Sapphire Foods owned and operated 204 KFC eating places in India and the Maldives, 231 Pizza Hut eating places in India, Sri Lanka and the Maldives, and two Taco Bell eating places in Sri Lanka.