Sapphire Foods, one of the largest franchisees of Yum! Brands Inc. an operator of more than 400 KFC, Pizza Hut and Taco Bell restaurants across the country, on Monday raised Rs 932.96 crore from 53 anchor investors, in advance of its IPO opening.
The Yum! Brand franchisee in consultation with merchant bankers decided to allocate 79,06,473 equity shares to anchor investors for Rs 1,180 per equity share, according to the BSE filing.
The Government of Singapore, the Monetary Authority of Singapore, Fidelity Funds, Abu Dhabi Investment Authority, Crestwood Capital Master Fund, Ontario Teachers’ Pension Plan Board, Carmignac Portfolio, HSBC, Societe Generale, Morgan Stanley, Segantii India, and Affin Hwang were among the marquee investors in the anchor book.
ICICI Prudential, Sundaram MF, IIFL Special Opportunities Fund, Bajaj Alliance Life Insurance, HDFC MF, Kotak MF, and Reliance General Insurance are some of the other names who invested in the company through the anchor book.
Sapphire Foods aims to collect Rs 2,073 crore via public offering that is fully an OFS by founders and investors.
QSR Management Trust and Sapphire Foods Mauritius are the promoters, while WWD Ruby, Amethyst, AAJV Investment Trust, Edelweiss Crossover Opportunities Fund, and Edelweiss Crossover Opportunities Fund-Series II are the investors who will dispose of their stakes via offer for sale.