You are currently viewing Sapphire Foods listing : shares listed at Rs 1360, up 12% from issue price…stock analysis ..?

Sapphire Foods listing : shares listed at Rs 1360, up 12% from issue price…stock analysis ..?

Sapphire Foods listing : The shares of Sapphire Foods, the operator of KFC and Pizza Hut, are listed at a premium of 12%. This listing has been in line with the expectations of the market experts. The issue price of the company’s shares was Rs 1180. And its listing is 12% above the issue price at Rs 1348. The company’s shares rose after the listing and were trading up 16%.

Sapphire Foods IPO is subscribed 6.62 times. It was purely an offer for sale in which the existing shareholders have sold their stake. As per the upper price band, Sapphire Foods was valued at Rs 7,498.02 crore.

Sapphire Food Stock analysis

Confusion must be coming of all the investers and the traders about sapphire stocks must be held or left ?If we talk about the subscription of the Sapphire foods IPO , then response was mixed . Retail portion of Sapphire Foods was 8.7 times . QIB portion of issue was subscribed 7.5 times and NII portion was subscribed 3.7 times …

The issue of Sapphire Foods comes two months after the listing of Devyani International. The issue of Sapphire Foods, one of the franchise operators of the Yum brand in India and Sri Lanka, opened on November 9 and closed on November 11.

The share of qualified institutional buyers in this issue was filled 7.5 times. While the portion of non-institutional buyers was subscribed 3.46 times. While the share of retail investors was 8.7 times booking.

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BY TRENDIENEWZ

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