The public issue of equity shares of Sapphire Foods India Limited will open for subscription on November 09, 2021 and closes on November 11, 2021 It is expected to list on the stock exchanges on November 22, 2021 What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analysis the IPO.
Incorporated in 2009, It is one of YUM’s franchisee operators in the Indian subcontinent, operating YUM’s franchisee on a non-exclusive basis. It is also Sri Lanka's largest international QSR (Quick Service Restaurants) chain in terms of revenue and number of restaurants. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries. The Company has an in-house supply chain function and works with vendor partners for food ingredients, packaging, warehousing, and logistics. It operates warehouses across 5 Indian cities and has invested in building technology solutions in their restaurants. It employs YUM brand's global online and digital channel solutions to enhance customer experience and achieve operational efficiency and financial control. The company operates its restaurants at high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part of its expansion strategy.
The company owns and operates 204 KFC restaurants in India and the Maldives, 231 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and 2 Taco Bell restaurants in Sri Lanka.
Who are the Promoters of the Company?
QSR Management Trust and Sapphire Foods Mauritius Limited
Why is the Company going public?
Given below are the objectives of the Company –
The benefits of listing the Equity Shares
Enhancement of Company’s brand name
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
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