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Sapphire Foods India Limited IPO (Sapphire Foods IPO) Detail

Nov 9, 2021 - Nov 11, 2021

Sapphire Foods India is YUM brand's largest franchise operator in the Indian subcontinent in terms of revenue as of FY'20. It is also Sri Lanka's largest international QSR chain in terms of revenue for FY' 2021 and the number of restaurants operated as of March 31, 2021. As of March 31, 2021, the company owned and operated 204 KFC restaurants in India and the Maldives, 231 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and 2 Taco Bell restaurants in Sri Lanka. The company's total number of restaurants in the subcontinent region grew from 376 in 2019 to 437 in 2021.

The company has an in-house supply chain function and works with vendor partners for food ingredients, packaging, warehousing, and logistics. The company operates warehouses across 5 Indian cities and has invested in building technology solutions in their restaurants. The company employs YUM brand's global online and digital channel solutions to enhance customer experience and achieve operational efficiency and financial control. The company operates its restaurants atΒ high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part ofΒ its expansion strategy.

Competitive Strengths:

  • One of India's largest restaurant franchisee operators and Sri Lanka's largest international QSR chain
  • YUM's largest franchise operator in the Indian subcontinent in terms of revenue
  • Focus on delivering excellent customer experience
  • Quality control and operational excellence
  • Scalable business model
  • Experienced management team with robust corporate governance practices.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (β‚Ή in Millions)
  30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 13,710.76 13,088.66 13,489.37 13,806.64 15,674.72
Total Revenue 3,139.25 1,361.75 10,812.35 13,517.36 12,062.82
Profit After Tax (264.03) (751.73) (998.97) (1,592.47) (694.04)

Objects of the Issue

  • Carry out the offer for sale of up to 17,569,941 equity shares by the selling shareholders,
  • Achieve the benefits of listing the equity shares on the stock exchanges, and
  • Enhancement of company’ s brand name amongst existing and potential customers and creation of a public market for equity shares in India.

Sapphire Foods IPO Details

Sapphire Foods IPO Date Nov 9, 2021 to Nov 11, 2021
Sapphire Foods IPO Face Value ₹10 per share
Sapphire Foods IPO Price ₹1120 to ₹1180 per share
Sapphire Foods IPO Lot Size 12 Shares
Issue Size17,569,941 shares of ₹10
(aggregating up to ₹2,073.25 Cr)
Offer for Sale17,569,941 shares of ₹10
(aggregating up to ₹2,073.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

QSR Management Trust and Sapphire Foods Mauritius Limited are the company promoters.

Sapphire Foods IPO Timeline (Tentative Timetable)

Sapphire Foods IPO opens on Nov 9, 2021, and closes on Nov 11, 2021. The Sapphire Foods IPO bid date is from Nov 9, 2021 10.00 A.M. to Nov 11, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Sapphire Foods IPO Opening Date Nov 9, 2021
Sapphire Foods IPO Closing Date Nov 11, 2021
Basis of Allotment Nov 16, 2021
Initiation of Refunds Nov 17, 2021
Credit of Shares to Demat Nov 18, 2021
Sapphire Foods IPO Listing Date Nov 18, 2021

Sapphire Foods IPO Lot Size

The Sapphire Foods IPO lot size is 12 shares. A retail-individual investor can apply for up to 14 lots (168 shares or ₹198,240).

Application Lots Shares Amount
Retail (Min) 1 12 ₹14,160
Retail (Max) 14 168 ₹198,240

Sapphire Foods IPO Promoter Holding

Pre Issue Share Holding 60.08%
Post Issue Share Holding 49.97%

Sapphire Foods IPO Review

While we are witnessing fancy for food chains despite their loss-making operations, many companies have thrown their hats in the fray to encase the ongoing boom. Though all of them have bright prospects ahead and may turn the winds in their favour once the pandemic scare gets over, these investment opportunities are purely meant for the long term rewards. Due to madness seen in the recent past for fancy pricing for loss-making units, such bets may be lapped up by risk seekers/cash surplus investors, others can stay away. Read detail review...


Sapphire Foods IPO Subscription Status (Bidding Detail)

The Sapphire Foods IPO is subscribed 6.62 times on Nov 11, 2021 5:00:00 PM. The public issue subscribed 8.70 times in the retail category, 7.50 times in the QIB category, and 3.46 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 6.62 times

CategorySubscription (times)
QIB7.50
NII3.46
Retail8.70
Total6.62

Sapphire Foods IPO Prospectus

Sapphire Foods IPO Rating

728
3.6
Rating:Rated 3.6 stars
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Sapphire Foods IPO Listing Date

Listing Date Thursday, November 18, 2021
BSE Script Code 543397
NSE Symbol SAPPHIRE
Listing In B Group of Securities
ISIN INE806T01012
IPO Price ₹1180 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,180.00
₹1,311.00
₹1,160.00
₹1,383.60
₹1,216.05
NSE
₹1,180.00
₹1,350.00
₹1,160.00
₹1,380.05
₹1,211.55

Company Contact Information

Sapphire Foods India Limited
702, Prism Tower, A Wing, Mindspace,
Link Road, Goregaon (West),
Mumbai, 400 062, Maharashtra, India.
Phone: +91 22 6752 2343
Email: investor@sapphirefoods.in
Website: https://www.sapphirefoods.in/

Sapphire Foods IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sapphire.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Sapphire Foods IPO FAQs

Sapphire Foods IPO is a main-board IPO of 17,569,941 equity shares of the face value of ₹10 aggregating up to ₹2,073.25 Crores. The issue is priced at ₹1120 to ₹1180 per share. The minimum order quantity is 12 Shares.

The IPO opens on Nov 9, 2021, and closes on Nov 11, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Sapphire Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Sapphire Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sapphire Foods IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sapphire Foods IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sapphire Foods IPO opens on Nov 9, 2021 and closes on Nov 11, 2021.

Sapphire Foods IPO lot size is 12 Shares and the minimum order quantity is .

You can apply in Sapphire Foods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sapphire Foods IPO will be done on Nov 16, 2021, and the allotted shares will be credited to your demat account by Nov 18, 2021. Check the Sapphire Foods IPO allotment status.

The Sapphire Foods IPO listing date is on Thursday, November 18, 2021.
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Sapphire Foods IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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653 Comments

233. Gaurav DD dimer |   Link |Dec 16, 2021 5:27:25 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yesterday fall was only due to fearful investors, as yesterday was last day of anchor lock-in and retailers are expecting high downfall today.

Since no selling by anchor investors today, means anchors are also expecting some gain from this script in coming time.

So keeping it hold at least by results.
232. Gaurav DD dimer |   Link |Dec 9, 2021 8:39:24 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I have been alloted 58 shares.

sold 14 earlier at 1191, on starting days.
sold 11 today at 1186.

holding rest 33.
231. CAPTION T S |   Link |Dec 8, 2021 9:43:49 PM
Top Contributor Top Contributor (200+ Posts)
SUMAN
Securities applied      12      Cut off Price      1180
Securities Allotted      12      Amount Adjusted      14160
Copyright 2021 - AZ-01 - Link
230. Gaurav DD dimer |   Link |Dec 7, 2021 5:34:37 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Good move today at day end. (Pure operator game looks like, everyday sudden buying comes at day end to close the price in positive).

Still Results dates are not announced. 2 Qtr results (2nd nd 3rd) to be announced in 2 months.

Good movement expected on result dates announcement, subject to market sentiments.
229. Learner SK |   Link |Dec 2, 2021 3:43:05 PM
IPO Mentor IPO Mentor (800+ Posts, 100+ Likes)
So finally failed.
228. lokes |   Link |Nov 29, 2021 6:17:19 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
i wish people here listened to my advice of exiting on listing day at whatever price to save from further fall....multiple times i informed this in various threads in sapphire but here also seems people are stuck due to fake hopes from others like in tarsons. It has broken 1000 today.
Any long term investor anyways could have bought again, why to keep holding from ipo price and increase our losses when we know it will go down below ipo price for sure
227. VINAYAK NAIK |   Link |Nov 27, 2021 6:25:18 PM
Promotors holding less than 50% what does it mean ?
226. Monster Zero |   Link |Nov 21, 2021 6:06:53 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
1380 can happen again in announcement of result dates. Hold tight.
226.10. Gaurav DD dimer |   Link |Nov 24, 2021 9:24:49 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
easily manipulate the price due to low volume.

anyone here means any block deal/big investor.
a big qty buy / sell drag the price too high or too low.
226.11. Monster Zero |   Link |Nov 24, 2021 9:54:16 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
Yeah.. expecting good results and an outburst to 1550....then only folks at money control would be happy..😁
225. lokes |   Link |Nov 18, 2021 10:40:51 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
As i predicted earlier 2-3 times, that it will drift lower side after listing no matter where listing will be and it will go below issue price once in some days.
Both things happened today itself. I applied in retail but didn''t allotted.
225.6. Gaurav DD dimer |   Link |Nov 23, 2021 10:24:55 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Dinesh Singh

There is no volume in the stock. Looks like its a slow moving stock like Glenmark Life science.
Will move only with news.

hope so results were announced soon.
225.7. Dinesh Singh |   Link |Nov 23, 2021 11:53:05 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
I have faith in this stock.
It has moved smartly since listing except today.
I will wait till the results.
224. ipobull |   Link |Nov 22, 2021 9:26:30 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Whoever was comparing Sapphire with Devyani to give justification to buy Sapphire was a fool. Now the real picture is emerging and picture abhi aur baki hai. Sapphire may be testing even the 1000 levels very soon. Low demand for it in the IPO was enough reason to suspect that stock''s performance. Devyani has stabilized as seen in its strength today. Sapphire may heave a sigh of relief if it produces very good quarterly results. Until then let us bear with it.
223. DuckkyDuck |   Link |Nov 18, 2021 10:44:47 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Is it only me or everyone is seeing comments posts in reverse order. That is 5th then 4th then 3th thn 2nd then 1st. Latest comment is 1st and oldest is last. Current view is not correct and not easy to ready as we read from top to bottom. Earlier view was fine.
223.3. Have Faith πŸ™ |   Link |Nov 19, 2021 2:23:47 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Dear team chittorgarh

Early format was good and easy to use
223.4. IPO Mitr |   Link |Nov 19, 2021 11:49:22 PM
Earlier (original) ordering was much better, logical and convenient.
222. IPO Mitr |   Link |Nov 18, 2021 12:15:42 PM
My 2 cents.........

Expecting Devyani and Sapphire both to head lower from here.

The only thing which can give SUSTAINABLE RISE to these two stocks will be the next results of these companies.

Intermittent spikes may help investors to get some money out from these stocks with some more profits.............Take your own call and one should avoid the hype..............

For long term, one should be looking to enter these stocks only after they fall by another 10-15%.
222.5. DSR |   Link |Nov 19, 2021 12:44:37 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
When stocks correct they go below fundamentals..when there is a run up they go beyond fundamentals...market is always irrational..

130 is my price point to consider reentry others can have their own price point...

We need to be careful rentering the sold equity ...Sharing one example:

I have a friend who bought 200shares of TCS at 3350..sold all at 3750...re-rntered again too soon and now he is holding 500 shares at 3650..
222.6. IPO Mitr |   Link |Nov 20, 2021 12:32:08 AM
I will start to add/accumulate at my buying point for Devyani which is from 135 to 130.
221. Have Faith πŸ™ |   Link |Nov 18, 2021 2:12:21 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
@Monster zero Devyani exit krdiya kya ?? ..or holding all shares for 200
221.2. krupa |   Link |Nov 18, 2021 2:32:56 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Nahi to half qty sell kar dena 170rs par
221.3. Monster Zero |   Link |Nov 19, 2021 10:25:17 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
Pakkad ke rakha hai..... sapphire bhi buy kiya hai... results will decide..to keep it or. Not.
220. Monster Zero |   Link |Nov 19, 2021 9:48:17 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
Hold tight.. sapphire to announce results soon... probably Before end of this month.
219. IPO Mitr |   Link |Nov 19, 2021 9:48:16 PM
I also feel that earlier ordering of messages was better.
218. ipobull |   Link |Nov 18, 2021 9:22:13 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Will Sapphire go below listing price ?
218.7. ipobull |   Link |Nov 18, 2021 3:23:08 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
@ Eklavya,
Wish you all the best.
218.8. Eklavya |   Link |Nov 19, 2021 12:46:38 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Thank you, ipobull.
217. krupa |   Link |Nov 19, 2021 8:16:27 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Admin please
Pahele tha wese hi screen achha tha
Esme msg read karne ko problem ho raha he
Please change the screen
217.1. Team Chittorgarh.com |   Link |Nov 19, 2021 10:25:23 AM
IPO Mentor IPO Mentor (600+ Posts, 1100+ Likes)
@krupa,
We have change the order based on the request from many members. Please try it for a few days. We are sure that you will like it.

Thank you,
@Admin, Team Chittorgarh.com

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

217.2. krupa |   Link |Nov 19, 2021 12:26:55 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Ok
216. iamnimitshah |   Link |Nov 19, 2021 5:15:49 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
The PAYTM debacle is bad not only from the ipo sentiment perspective but also from the overall Indian markets perspective. It was our biggest listing in history and it failed miserably. I think the promoters should have erred on the side of caution rather than being so aggressive on pricing..

πŸ’” BIGGEST LISTING TURNED OUT TO BE WORST LISTING πŸ’”

GMPs currently
Tarson 200 + Latent 300 = GoColors 500 (round figures taken.. actual is 10Β±)
215. ipobull |   Link |Nov 18, 2021 11:27:26 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
I think listings of Sigachi and Sapphire has tought us one beautiful lesson. Just do not go and pounce upon the stock immediately after listing at 10 o''clock. Operators have a play at that time. Sigachi closed in UC on 1st day. Now making lower circuits and has come down below its listing price. Sapphire too behaved similarly. I think even 1-2 hours wait will give the true picture. Anyone not agreeing to me can blog.
215.2. krupa |   Link |Nov 18, 2021 2:30:57 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Sigachi ki lc 400rs ke pahele open nahi hogi
215.3. ipobull |   Link |Nov 18, 2021 3:24:29 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
@ Krupa,
I agree to what you told.
214. Have Faith πŸ™ |   Link |Nov 18, 2021 2:11:49 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Ye devyani m kya hua 171 se 147 ......profit booking ?? Or anything else