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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 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 Promoters:

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

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:

  • 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

IPO Opening Date Nov 9, 2021
IPO Closing Date Nov 11, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹1120 to ₹1180 per equity share
Market Lot 12 Shares
Min Order Quantity 12 Shares
Listing At BSE, NSE
Issue Size17,569,941 Eq Shares of ₹10
(aggregating up to ₹2,073.25 Cr)
Offer for Sale17,569,941 Eq Shares of ₹10
(aggregating up to ₹2,073.25 Cr)

Sapphire Foods IPO Tentative Timetable

The Sapphire Foods IPO open date is Nov 9, 2021, and the close date is Nov 11, 2021. The issue may list on Nov 18, 2021.

IPO Open Date Nov 9, 2021
IPO Close Date Nov 11, 2021
Basis of Allotment Date Nov 16, 2021
Initiation of Refunds Nov 17, 2021
Credit of Shares to Demat Account Nov 18, 2021
IPO Listing Date Nov 18, 2021

Sapphire Foods IPO Lot Size

The Sapphire Foods IPO market 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 (Cut-off)
Minimum 1 12 ₹14,160
Maximum 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 11/11/2021 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

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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 equity share
Face Value ₹10 per equity 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 equity 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 12 Shares.

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.

Sapphire Foods IPO Message Board

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