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Sapphire Foods India Limited IPO (Sapphire Foods IPO) Detail

November 9, 2021 - November 11, 2021

Sapphire Foods IPO is a book built issue of Rs 2,073.25 crores. The issue is entirely an offer for sale of 1.76 crore shares.

Sapphire Foods IPO bidding started from November 9, 2021 and ended on November 11, 2021. The allotment for Sapphire Foods IPO was finalized on Tuesday, November 16, 2021. The shares got listed on BSE, NSE on November 18, 2021.

Sapphire Foods IPO price band is set at ₹1120 to ₹1180 per share. The minimum lot size for an application is 12 Shares. The minimum amount of investment required by retail investors is ₹14,160.

Bofa Securities India Limited, ICICI Securities Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Sapphire Foods IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Sapphire Foods IPO RHP for detailed information.

Sapphire Foods IPO Details

IPO Date November 9, 2021 to November 11, 2021
Listing Date November 18, 2021
Face Value ₹10 per share
Price Band ₹1120 to ₹1180 per share
Lot Size 12 Shares
Total Issue Size17,569,941 shares
(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

Sapphire Foods IPO Reservation

Sapphire Foods IPO offers 9,663,468 shares. 5,270,983 (54.55%) to QIB, 2,635,491 (27.27%) to NII, 1,756,994 (18.18%) to RII. 146,416 RIIs will receive minimum 12 shares and (sNII) and (bNII) will receive minimum 180 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,270,983 (54.55%)NA
NII (HNI) Shares Offered2,635,491 (27.27%)
Retail Shares Offered1,756,994 (18.18%)146,416
Total Shares Offered9,663,468 (100%)

Sapphire Foods IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, November 9, 2021
IPO Close Date Thursday, November 11, 2021
Basis of Allotment Tuesday, November 16, 2021
Initiation of Refunds Wednesday, November 17, 2021
Credit of Shares to Demat Thursday, November 18, 2021
Listing Date Thursday, November 18, 2021
Cut-off time for UPI mandate confirmation 5 PM on November 11, 2021

Sapphire Foods IPO Lot Size

Investors can bid for a minimum of 12 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Sapphire Foods IPO Promoter Holding

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

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

About Sapphire Foods India Limited

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 at high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part of 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 (₹ 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 (Sapphire Foods IPO Objectives)

  • 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 Review (May apply)

[Dilip Davda]  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 November 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)

Sapphire Foods IPO Prospectus

Sapphire Foods IPO Rating

Rating:Rated 3.6 stars
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Sapphire Foods IPO Listing Details

Listing Date November 18, 2021
BSE Script Code 543397
ISIN INE806T01012
Final Issue Price ₹1180 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Sapphire Foods India Limited Contact Details

Sapphire Foods India Limited
702, Prism Tower, A Wing, Mindspace,
Link Road, Goregaon (West),
Mumbai, 400 062, Maharashtra, India.
Phone: +91 22 6752 2343

Sapphire Foods IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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 November 9, 2021, and closes on November 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 November 9, 2021 and closes on November 11, 2021.

Sapphire Foods IPO lot size is 12 Shares, and the minimum amount required is ₹14,160.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



233. Gaurav DD dimer |   Link |  Bookmark |December 16, 2021 5:27:25 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ 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 |  Bookmark |December 9, 2021 8:39:24 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ 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 |  Bookmark |December 8, 2021 9:43:49 PM (200+ Posts)
Securities applied      12      Cut off Price      1180
Securities Allotted      12      Amount Adjusted      14160
Copyright 2021 - AZ-01 - Link
230. Gaurav DD dimer |   Link |  Bookmark |December 7, 2021 5:34:37 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ 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 |  Bookmark |December 2, 2021 3:43:05 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
So finally failed.
228. lokes |   Link |  Bookmark |November 29, 2021 6:17:19 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ 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 |  Bookmark |November 27, 2021 6:25:18 PM
Promotors holding less than 50% what does it mean ?
226. Monster Zero |   Link |  Bookmark |November 21, 2021 6:06:53 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
1380 can happen again in announcement of result dates. Hold tight.
226.10. Gaurav DD dimer |   Link |  Bookmark |November 24, 2021 9:24:49 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ 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 |  Bookmark |November 24, 2021 9:54:16 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Yeah.. expecting good results and an outburst to 1550....then only folks at money control would be happy..😁
225. lokes |   Link |  Bookmark |November 18, 2021 10:40:51 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ 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 |  Bookmark |November 23, 2021 10:24:55 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ 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 |  Bookmark |November 23, 2021 11:53:05 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
I have faith in this stock.
It has moved smartly since listing except today.
I will wait till the results.
224. ipobull |   Link |  Bookmark |November 22, 2021 9:26:30 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ 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 |  Bookmark |November 18, 2021 10:44:47 PM
Top Contributor Top Contributor (200+ Posts, 200+ 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 🙏 |   Link |  Bookmark |November 19, 2021 2:23:47 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear team chittorgarh

Early format was good and easy to use
223.4. IPO Mitr |   Link |  Bookmark |November 19, 2021 11:49:22 PM
Earlier (original) ordering was much better, logical and convenient.
222. IPO Mitr |   Link |  Bookmark |November 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 |  Bookmark |November 19, 2021 12:44:37 PM
When stocks correct they go below fundamentals..when there is a run up they go beyond 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 again too soon and now he is holding 500 shares at 3650..
222.6. IPO Mitr |   Link |  Bookmark |November 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 🙏 |   Link |  Bookmark |November 18, 2021 2:12:21 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Monster zero Devyani exit krdiya kya ?? ..or holding all shares for 200
221.2. krupa |   Link |  Bookmark |November 18, 2021 2:32:56 PM (800+ Posts, 500+ Likes)
Nahi to half qty sell kar dena 170rs par
221.3. Monster Zero |   Link |  Bookmark |November 19, 2021 10:25:17 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Pakkad ke rakha hai..... sapphire bhi buy kiya hai... results will keep it or. Not.
220. Monster Zero |   Link |  Bookmark |November 19, 2021 9:48:17 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Hold tight.. sapphire to announce results soon... probably Before end of this month.
219. IPO Mitr |   Link |  Bookmark |November 19, 2021 9:48:16 PM
I also feel that earlier ordering of messages was better.
218. ipobull |   Link |  Bookmark |November 18, 2021 9:22:13 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Will Sapphire go below listing price ?
218.7. ipobull |   Link |  Bookmark |November 18, 2021 3:23:08 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
@ Eklavya,
Wish you all the best.
218.8. Eklavya |   Link |  Bookmark |November 19, 2021 12:46:38 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Thank you, ipobull.
217. krupa |   Link |  Bookmark |November 19, 2021 8:16:27 AM (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 |   Link |  Bookmark |November 19, 2021 10:25:23 AM
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
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 @

ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team guarantee you the best service. Open instant account

217.2. krupa |   Link |  Bookmark |November 19, 2021 12:26:55 PM (800+ Posts, 500+ Likes)
216. iamnimitshah |   Link |  Bookmark |November 19, 2021 5:15:49 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ 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..


GMPs currently
Tarson 200 + Latent 300 = GoColors 500 (round figures taken.. actual is 10±)
215. ipobull |   Link |  Bookmark |November 18, 2021 11:27:26 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ 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 |  Bookmark |November 18, 2021 2:30:57 PM (800+ Posts, 500+ Likes)
Sigachi ki lc 400rs ke pahele open nahi hogi
215.3. ipobull |   Link |  Bookmark |November 18, 2021 3:24:29 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
@ Krupa,
I agree to what you told.
214. Have Faith 🙏 |   Link |  Bookmark |November 18, 2021 2:11:49 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Ye devyani m kya hua 171 se 147 ......profit booking ?? Or anything else