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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.
| 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 Size | 17,569,941 shares (aggregating up to ₹2,073.25 Cr) |
| Offer for Sale | 17,569,941 shares of ₹10 (aggregating up to ₹2,073.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sapphire Foods IPO 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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,270,983 (54.55%) | NA |
| NII (HNI) Shares Offered | 2,635,491 (27.27%) | |
| Retail Shares Offered | 1,756,994 (18.18%) | 146,416 |
| Total Shares Offered | 9,663,468 (100%) |
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 |
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 | |||
QSR Management Trust and Sapphire Foods Mauritius Limited are the company promoters.
| Share Holding Pre Issue | 60.08% |
| Share Holding Post Issue | 49.97% |
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:
| 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) |
[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...
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
| Category | Subscription (times) |
|---|---|
| QIB | 7.50 |
| NII | 3.46 |
| Retail | 8.70 |
| Total | 6.62 |
| Listing Date | November 18, 2021 |
| BSE Script Code | 543397 |
| NSE Symbol | SAPPHIRE |
| ISIN | INE806T01012 |
| Final Issue Price | ₹1180 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sapphire.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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
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.
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RHP
IPO Mentor (1100+ Posts, 400+ Likes)
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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.