[ad_1]
The IPO will probably be fully a suggestion on the market (OFS) of 1,75,69,941 fairness shares by promoters and present shareholders.
As part of the OFS, QSR Administration Belief will promote 8.50 lakh shares, Sapphire Meals Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Amethyst will provide 39.62 lakh shares.
As well as, AAJV Funding Belief will promote 80,169 shares, Edelweiss Crossover Alternatives Fund will offload 16.15 lakh shares and Edelweiss Crossover Alternatives Fund-Collection II will divest 6.46 lakh shares.
On the higher finish of the value band, the preliminary public providing is anticipated to fetch Rs 2,073 crore.
The corporate mentioned that as much as 75 per cent of the shares has been reserved for certified institutional patrons (QIBs), 15 per cent for non-institutional patrons and the remaining 10 per cent for retail traders.
Sapphire Meals, an omni-channel restaurant operator and the most important franchisee of Yum Manufacturers within the Indian sub-continent, is backed by marquee traders similar to Samara Capital, Goldman Sachs, CX Companions and Edelweiss.
As of March 31, 2021, Sapphire Meals 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.
JM Monetary, BofA Securities, ICICI Securities and IIFL Securities are the lead managers to the corporate’s public difficulty. The fairness shares of the corporate will probably be listed on BSE and NSE.
Devyani Worldwide, which is the opposite franchisee of Yum! Manufacturers in India, operates 297 Pizza Hut shops and 264 KFC shops. It launched its Rs 1,838-crore IPO in August.
[ad_2]
Source link