Sapphire Foods IPO will be a complete offer for sale of 1,75,69,941 shares by existing shareholders, including QSR Management Trust and Sapphire Foods Mauritius
SFIL is also Sri Lanka’s largest international QSR chain in terms of revenue for the financial year 2021 and number of restaurants operated as of March 31, 2021.
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Exclusive | KFC, Pizza Hut operator Sapphire Foods eyes 2021 IPO; backed by Goldman Sachs, Samara Capital
‘The Burger King wave should work well for Sapphire Foods in terms of valuations and market appetite. As of now, it is planning to file the DRHP with Sebi in Q1FY22’ December 18, 2020 / 07:39 AM IST
Days after the blockbuster market debut of Burger King which has whipped up a frenzy in the QSR (quick-service restaurant) segment, one of the subcontinent’s leading restaurant operators, which is backed by marquee private equity funds, is also looking to grab a bite of the sizzling IPO market.
Sapphire Foods India Private Ltd, which backs top brands like KFC, Pizza Hut and Taco Bell and is one of the largest franchisees of Yum! Brands Inc, has initiated preliminary discussions with investment bankers for a potential listing in 2021, sources with knowledge of the matter told Moneycontrol.