Sapphire Foods makes good debut; gains 17% against issue price post listing

The stock listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange

Sapphire Foods, quick service restaurant (QSR) company, made a healthy stock market debut on the bourses on Thursday. The shares of the company that owns and operates Pizza Hut and KFC chain of stores listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange (NSE). On the BSE, the stock opened at Rs 1,311, an 11 per cent premium over its issue price.

Post listing, shares of Sapphire Foods moved higher to Rs 1,383.60 on the BSE and Rs 1,380 on the NSE. At 10:09 am, it