KFC operator Sapphire Foods IPO subscribed 17% on bidding debut

Sapphire Foods

Sapphire Foods, which operates KFC and Pizza Hut, recorded 17 percent subscription for its public issue on its debut today with bids for 16.66 lakh equity shares against an offer size of 96.63 lakh. The issue closes on November 11.

Retail investors have put in bids for 93 percent of shares reserved for them.

The portions for non-institutional investors booked only 1 percent, while qualified institutional buyers portion have not yet received bids.

News Source:- Moneycontrol

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