The initial public offering (IPO) of Sapphire Foods, which operates KFC and Pizza Hut restaurants, has so far received a muted response from investors.
Sapphire Foods IPO has received 1.5x subscription till date on the last day of bidding. As per data available on NSE, Sapphire Foods IPO has so far received bids for 1.18 crore equity shares against the IPO size of 96.63 lakh equity shares. The portion reserved for them has been booked 6.16 times. Qualified institutional investors have so far bid for only 3 per cent of their quota of shares. Non-institutional investors bought 34 per cent of their shares. The IPO of Sapphire Foods was booked 1.07 times on the second day of subscription, mainly with support from retail investors.
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