Sapphire Foods IPO description – The company is one of YUM’s franchisee operators in the Indian subcontinent. It is also Sri Lanka’s largest international QSR chain, in terms of revenue for the financial year 2021 (with revenue of INR1.90 billion representing 35% of the total market revenue), and number of restaurants operated as of March 31, 2021 (with 68 restaurants representing 39% of the total number of outlets in the market). It has also established a presence in the Maldives. As of June 30, 2021, it owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka.
The company operates its restaurants in 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 brand and food category expansion. Its franchisee arrangement with YUM allows it to operate, on a non-exclusive basis, under the KFC brand in several states in India and across the Maldives, the Pizza Hut brand in several states in India and across Sri Lanka and the Maldives, and the Taco Bell brand across Sri Lanka while leveraging YUM’s system and system property.
Promoters of Sapphire Foods – QSR Management Trust and Sapphire Foods Mauritius Limited
Sapphire Foods IPO details
| Subscription Dates | 9 – 11 November 2021 |
| Price Band | INR1,120 – 1,180 per share |
| Fresh issue | Nil |
| Offer For Sale | 17,569,941 shares (INR1,967.83 – 2,073.25 crore) |
| Total IPO size | 17,569,941 shares (INR1,967.83 – 2,073.25 crore) |
| Minimum bid (lot size) | 12 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Sapphire Foods’ Financial Performance (in INR crore)
| Â | FY2019 | FY2020 | FY2021 | Q1 FY2022 |
| Revenue | 1,206.3 | 1,351.7 | 1,081.2 | 313.9 |
| Expenses | 1,274.6 | 1,418.3 | 1,179.9 | 339.6 |
| Net income | (69.1) | (164.2) | (104.1) | (25.4) |
| Margin (%) | (5.7) | (12.1) | (9.6) | (8.1) |
Sapphire Foods IPO News
Sapphire Foods Valuation (as of FY2021)
Earnings Per Share (EPS): (INR19.04)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (22.16%)
Net Asset Value (NAV): INR84.16 per share
Sapphire Foods IPO GMP Daily Trend
| Date | Sapphire Foods IPO GMP | Kostak | Subject to Sauda |
| 17 Nov 2021 | INR60 | ||
| 16 Nov 2021 | INR50 | ||
| 15 Nov 2021 | INR50 | – | – |
| 13 Nov 2021 | INR50 | – | – |
| 12 Nov 2021 | INR40 | – | – |
| 11 Nov 2021 | INR80 | – | – |
| 10 Nov 2021 | INR150 | – | – |
| 9 Nov 2021 | INR120 | – | – |
| 8 Nov 2021 | INR120 | – | – |
Sapphire Foods IPO Subscription Details (no. of times)
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 52,70,983 | 0.02 | 0.03 | 7.50 |
| NII | 26,35,491 | 0.05 | 0.29 | 3.46 |
| Retail | 17,56,994 | 2.56 | 5.38 | 8.70 |
| Total | 96,63,468 | 0.49 | 1.07 | 6.62 |
Sapphire Foods Offer Reviews – Subscribe or Avoid?
Angel One – Subscribe
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Unrated
Asit C Mehta –
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with caution
Elite Wealth – Listing gain
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
IDBI Capital –
KR Choksey – Subscribe
Marwadi Financial Services – Subscribe
Motilal Oswal –
Nirmal Bang – Subscribe
Religare Broking –
Samco Securities – Avoid
SMC Global – 2/5
Ventura Securities – Subscribe
Sapphire Foods IPO Registrar
Link Intime India Private LimitedÂ
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Sapphire Foods Contact Details
Sapphire Foods Limited
702, Prism Tower, A Wing, Mindspace, Link Road
Goregaon (West), Mumbai, 400 062
Phone:Â +91 22 6752 2343
Email:Â [email protected]
Website:Â www.sapphirefoods.in
Sapphire Foods IPO Allotment Status
Sapphire Foods offer allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Sapphire Foods IPO Timetable
IPO Opening Date: 9 November 2021
IPO Closing Date: 11 November 2021
Finalisation of Basis of Allotment: 16 November 2021
Initiation of refunds: 17 November 2021
Transfer of shares to demat accounts: 18 November 2021
Listing Date: 18 November 2021
Opening Price on NSE: INR 1,350 per share (up 14.41% from IPO price)
Closing Price on NSE: INR 1,227.70 per share (up 4.04% from IPO price)
Sapphire Foods IPO FAQs
How many shares in Sapphire Foods IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Sapphire Foods Public Offer?
The best way to apply in Sapphire Foods IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Sapphire Foods IPO GMP today?
Sapphire Foods IPO GMP today is INR60 per share.
What is Sapphire Foods IPO kostak rate today?
Sapphire Foods IPO kostak rate today is NA.
What is Sapphire Foods Subject to Sauda rate rate today?
Sapphire Foods Subject to Sauda rate today is NA per application.
