5 PM: KFC, Pizza Hut operator's Sapphire Foods India Limited IPO ended the day with overall subscription of 0.49 times. Retail investors booked the issue 2.56 times   

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1:40 PM: Sapphire Foods India Limited IPO was booked 31% so far on Day 1, while maximum bidding was seen from RIIs, which subscribed the issue 1.66 times. 

The initial public offer (IPO) of KFC, Pizza Hut operator's Sapphire Foods India Limited was subscribed 21 per cent at 11.40 am on Tuesday - the first day of the IPO. The retail investors led the bidding as the category was fully subscribed. With bidding for 19,46,424 shares against allotted 17,56,994 shares, the RIIs (Retail Individual Investors) portion was fully subscribed (1.11 times) within hours of opening of the issue.  

Non-Institutional Investors booked the offer 0.01 per cent, while the Qualified Institutional Buyers (QIBs) category was yet to pick up.  

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The company had said that up to 75 per cent of the shares has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional buyers and the remaining 10 per cent for retail investors.

Sapphire Foods IPO Timeline
Application start date: November 9, 2021
Application close date: November 11, 2021
Allotment start date:  November 16, 2021
Refund initiation date: November 17, 2021
Allotment finalisation date: November 18, 2021
IPO listing date: November 22, 2021
Dates as per Upstox