Shares of Sapphire Foods India Ltd were trading flat with positive bias on Thursday, the anchor investors' lock-in expiry day. Earlier, Paytm shares corrected nearly 13 per cent on Wednesday after lock-in expiry of anchor investors ended on December 15.  

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At around 10.30, Sapphire Foods shares were trading at Rs 1188 per share, a gain of Rs 1.60.  

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As many as 79 lakh shares of Sapphire Foods India were subscribed at the rate of Rs 1180 per share on the last day of the issue on November 11.  Anchor investors were allotted 12.4 per cent of total outstanding shares worth Rs 933 crore on November 8, as per Zee Business Tv report.  

The anchor investors comprises Fidelity Funds (16.07%), the Government of Singapore (10.84%), Abu Dhabi Investment Authority (7.50%) and Morgan Stanley Asia (5.36%).  

The shares of Sapphire Foods, an omni-channel restaurant operator, were listed on the exchanges at an 11% premium on November 18. Sapphire Foods stock opened at Rs 1,311 per share against its issue price of Rs 1180 on the BSE at a premium of 11.10 per cent or gain of Rs 131 per share. It was listed at Rs 1350 per share on the NSE.  

Against its listing price of Rs 1350 per share on the NSE, shares of Sapphire Foods corrected 12 per cent as on December 16, 2021.

As many as 10 stocks were set to see a lock-in expiry of anchor investors ending in December. FSN Ecommerce Ventures, FINO Payments Bank, SJS Enterprises, PB Fintech, Sigachi Industries, One 97 Communications, Sapphire Foods, Latent View Analytics, Tarsons Products and Go Fashion are 10 stocks which anchor lock-in restrictions are ending in December.  

The three-day initial public offer (IPO) of KFC, Pizza Hut operator's Sapphire Foods India Limited opened for public subscription on November 9, 2021, closed on November 11,

Sapphire Foods, an omni-channel restaurant operator and the largest franchisee of Yum Brands in the Indian sub-continent, is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss.