Sapphire Foods IPO

Sapphire Foods is one of YUM’s franchisee operators in the Indian subcontinent. The franchisee arrangement with YUM allows Sapphire Foods to operate, on a non-exclusive basis, the KFC brand in several states in India and across the Maldives, the Pizza Hut brand in several states in India and across Sri Lanka and the Maldives, and the Taco Bell brand across Sri Lanka.

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It owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka, and the Maldives, and two Taco Bell restaurants in Sri Lanka, as of June 30, 2021. It is also Sri Lanka’s largest international QSR chain, in terms of revenue and the number of restaurants operated as of March 31, 2021, with 35% of the total market revenue and 39% of the total number of outlets in the market. Sapphire Foods entire public offer comprises of offer for sale of 1.75 crore equity shares from existing shareholders. Read more

Check out some recent financials figures of the company:

How do I apply for the Sapphire Foods IPO IPO?

You can apply for the Sapphire Foods IPO IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.