Sapphire Foods IPO: Here’s how you can check the allotment status

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Sapphire Foods IPO: Here’s how you can check the allotment status
BCCL
  • Sapphire Foods is likely to announce its share allotment status today.
  • Sapphire Foods India, the operator of KFC and Pizza Hut outlets, has raised over ₹2,000 crore through the public listing.
  • The IPO of the company was subscribed 6.62 times on the last day of bidding.
Sapphire Foods India, the operator of KFC and Pizza Hut outlets, is likely to announce the allotment status of its initial public offering (IPO) today, November 16.

The IPO was open for subscription from November 9 to November 11. The company is looking to raise over ₹2,000 crore through the IPO that consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters.

Sapphire Foods IPO received subscriptions for 6.62 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a premium of ₹70 from the higher end of the price band.

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The portion reserved for retail investors was oversubscribed by 8.70 times on the last day of the IPO bidding process.

The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss

Here is how to Sapphire Foods IPO allotment status on stock exchange website:
  • Go to the BSE website or NSE website here.
  • On BSE, Select 'Equity' and then from the dropdown, select ‘Sapphire Foods’.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
  • Please note the details will only be available once the shares are allotted.
You can also visit the registrar website (Link Intime India) to check your application status.
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  • Visit the registrar's website here.
  • Click on 'Select company' and click on ‘Sapphire Foods’.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
  • Enter the captcha and click ’submit’.
Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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