With this launch, Cosy Box aims to offer a differentiated hospitality experience for Mumbai’s monsoon dining crowd, spotlighting global techniques and seasonal ingredients.
The IPO is structured with up to 50 percent of the offer reserved for qualified institutional buyers (QIBs), at least 35 percent for retail investors, and at least 15 percent for non-institutional investors.
As the brand scales, it plans to balance speed of growth with localized experience and brand identity, positioning itself within India’s evolving hospitality and quick-service cafe segment.
Meanwhile, Sapphire Foods, which also features on the BSE 500 index, recorded a 9.50 percent surge in its stock price, reaching Rs 351. The company has a market valuation of Rs 11,274 crore.
The rebranding is part of the company’s strategic push to appeal to a broader and younger audience while maintaining its core focus on quality and innovation in Indian street food.