Sapphire Foods India Limited IPO Message Board (Page 11)

Also we have not seen the Q2 results, so can''t say anything about that either. Comparing the upward trend between March 2021 and june 2021 results. September results could be positive.
These are just speculative thoughts, will apply and hold on till Q2 Results. which I''m hoping will be announced by this month.

Leaving gmp and hype Aside, even if we assume this will be profitable within a year.
Buying range should be 1100-1200...with market ups and down...this range will be the support for this stock.
Seems promising but expensive. , For less no of store., Also no OFS means they aren''t getting anything extra to push the business forward. Relying on the existing stores and if any additional stores add up in future, it''ll cut from PBT. So PAT will be negative for atleast 2-3 quarters.( Under ideal world conditions).

I am holding devyani from ipo allotement.

How gmp is something?? As you data given in profit after tax is negative consistently...so I think this should be avoid...

Buy devyani, 170 target by the time of listing of this IPO.

Gmp of sapphire foods is 120 - 125 rs..

Must Must Apply IPO.

@arjun ji - I got allotment for Devyani, considering Sapphire is almost similar to Devyani should I skip this IPO? What is your opinion?

Sapphire Foods Ltd IPO Grey @ 7PM on 06 NOV 2021
GMP 109/112

GMP: Rs.120

Sapphire vs. Devyani Comparison Table

Sales: Devyani = 1.12x Sapphire
Gross margins: Devyani= Sapphire= ~70%
KFC outlets: Devyani = 1.3x Sapphire
Pizzahut outlets: Devyani = 1.8x Sapphire

Sales & profit per outlet is higher for Sapphire

All experts,

I am not a Hni .

Can I apply in Hni category from Sbi ?

Koi Risk to nahi hain ?.

@Naughty ipo,
you can apply in HNI category from SBI. No major risk in Sapphire, it will list minimum 10% listing gain.

Thanks

All previous financial results show losses and the objective of the IPO have no clear plan to use the raised money. It feels that this IPO is being carried out just for cashing out the promoters and transfer losses onto retail investors.

GMP 120

It''s expensive and OFS, AND WE ALL KNOW THE THEY BENEFITS OF LISTING GAINS.
It''s listing would only help Devyani for a bull run.😅

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Danyavadalu Sir

@Have faith. Face value don''t effect price but effect price range. As example Dixon technology bring ipo at face value of Rs 10.the price reach to Rs 23000 per share. In this range retail investors don''t able to buy then company reduced face value to Rs 2. And share price come to Rs 4000 range. Another example is IRCTC. Who reduced face value from Rs 10 to Rs 2. So the face value only effect price range not value of company. In this suffire food company retain face value rs 10 and price range is 1120 to 1180. If company reduced face value to Rs 1 as Devyani and Zomato. Then price range of share are 112--118. And no. Of share increased with multiple of 10. So face value not effect any valuations but effect only price range . I think you understand..

Thanks jai mata di for this explanation

Divide Market cap by free float, face value is rather irrelevant

GMP 113

GMP: Rs.110

HAPPY DIWALI TO ALL OF YOU.

Pure OFS? Kabhi sudhrenge yeh log?

Gmp of sapphire foods is 110 - 115 rs..