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Sapphire Foods IPO

IPO Status: Closed [9th Nov 2021 to 11th Nov 2021]

Rated 4 stars Rated 4/5 by Team TopShareBrokers
Sapphire Foods IPO Detail

Sapphire Foods IPO of 17,569,941 shares through an offer for sale to hit the market soon to list on the BSE and NSE platform. The IPO opens for subscription from 9 Nov to 11 Nov 2021. The IPO price band is Rs. 1120-1180 and bids can be applied for a lot of 12 shares and its multiple. Stay updated with us to know more about the Sapphire Foods IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Sapphire Foods IPO Details

IPO Issue Opening Date: 9th Nov 2021
IPO Issue Closing Date: 11th Nov 2021
IPO Issue Price: ₹1120-1180
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹2,073 Cr
Offer for Sale: 17,569,941 shares at ₹1120-1180 each [Aggregating upto ₹2073 Cr]
Face Value: ₹10 Per Equity Share
IPO Discount: NA
Market Lot: 12 Shares
Min Retail Qty: 12 shares(1 lot)
Max Retail Qty: 168 shares(14 lots)
Promoter Holding Pre IPO: 60.08%
Promoter Holding Post IPO: 49.97%
Retail Quota: 18.18%
BSE Code: 543397
NSE Code: Sapphire
IPO Live GMP IPO Live GMP

Sapphire Foods IPO Important Dates

In this section we have covered all important dates related to Sapphire Foods IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Sapphire Foods IPO important dates
IPO Activity Date
IPO Issue Open 9th Nov 2021
IPO Issue Close 11th Nov 2021
Basis of Allotment Finalisation Date* 16th Nov 2021
Refunds Initiation* 17th Nov 2021
Credit of Shares to Demat Account* 18th Nov 2021
IPO Listing Date* 18th Nov 2021

* - Tentative Dates

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About Company - Sapphire Foods

Sapphire Foods is one of YUM's franchise operators in the Indian subcontinent with total revenue of Rs. 10,196.19 million in fiscal 2021. It is Sri Lanka's largest international QSR chain in terms of revenue and number of restaurants (68).

Currently, the firm operates 209 KFC restaurants in India and Maldives, 239 pizza hut restaurants in India, Sri Lanka, and the Maldives, and 2 Taco Bell restaurants in Sri Lanka. As of 30 June 2021, the total number of restaurants in territories grew from 376 restaurants to 450 restaurants and has warehouses across 5 cities in India.

Incorporation Sector IPO Issue Size Website
2009 Restaurants ₹2,073 Cr https://www.sapphirefoods.in/;

Sapphire Foods IPO Objective

  1. To carry out an offer for sale of 17,569,941 equity shares by selling shareholders.
  2. To achieve the share listing benefits on the BSE and NSE.
  3. Strengthen the company's brand image.

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Sapphire Foods IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 5,270,983 Shares
  • Non-Institutional Investors: 2,635,491 Shares
  • Retail Individual Investor: 1,756,994 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered5,270,983 (54.55%)2,635,491 (27.27%)1,756,994 (18.18%)9,663,468
19th Nov 2021 17:020.02x0.05x2.56x0.49x
210th Nov 2021 17:020.03x0.29x5.38x1.07x
311th Nov 2021 17:027.50x3.46x8.70x6.62x

Sapphire Foods Financials for past 3 Years

Past performance and financial results of Sapphire Foods.

Sapphire Foods financial
Sapphire Foods Financials (₹ in Cr) 30-Jun-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹1,371.08 ₹1,348.94 ₹1,380.66 ₹1,567.47
Total Income ₹313.92 ₹1,081.24 ₹1,351.74 ₹1,206.28
Net Profit/Loss ₹(26.40) ₹(99.90) ₹(159.25) ₹(69.40)

Sapphire Foods IPO Strengths

  • Leading QSR brands with significant market presence and scale.
  • Largest network with 209 KFC restaurants in India and Maldives, 239 Pizza hut restaurants in India, Sri Lanka, and Maldives.
  • Marquee investors such as Samara Capital, Goldman Sachs, CX partners, Creador, and Edelweiss.
  • A strong relationship with YUM through a franchise agreement.
  • Operational excellence and experienced managerial team.

Sapphire Foods IPO Threats/Weaknesses

  • History of business losses from operations reported in the past financial years.
  • The uncertain negative impact of COVID-19 on business operations, profitability, and cash flows.
  • Negative cash flows in the recent fiscal years may affect its liquidity position adversely.

Sapphire Foods IPO DRHP >>Document

Sapphire Foods IPO RHP >>Document

Sapphire Foods IPO Allotment Status >>Link

Company Address

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

Sapphire Foods IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Sapphire Foods IPO Lead Manager

  1. ICICI Securities Limited
  2. JM Financial Consultants Private Limited
  3. BoA Merrill Lynch
  4. IIFL Holdings Limited
Sapphire Foods IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Sapphire Foods? Should I apply in Sapphire Foods IPO?

Last Updated on 2021-11-23T10:10:12+00:00


User Reviews

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5. Harish Toshniwal Oct 28 2021 11:30:37 PM Reply
Saaphire Foods IPO expected listing gain.
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4. Vasantha K Oct 28 2021 11:30:37 PM Reply
Please confirm Saaphire Foods IPO GMP (grey market premium) and kostak.
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3. kashmir Lal Nagpal Oct 28 2021 11:30:37 PM Reply
Saaphire Foods IPO good or bad.
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2. milan oganja Oct 28 2021 11:30:37 PM Reply
Saaphire Foods IPO whether to invest or not.
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1. ADARSH V KUMAR Oct 28 2021 11:30:37 PM Reply
Saaphire Foods IPO - CRISIL Rating, Apply or not?.