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In the Indian subcontinent, the firm is one of YUM’s franchisee operators. Also it is Sri Lanka’s largest foreign QSR chain in total revenues for the fiscal year 2021 (with revenue of INR1.90 billion representing 35% of company ’s total revenue as of March 31, 2021) and number of locations operating as of March 31, 2021. (with 68 restaurants representing 39 percent of the total number of outlets in the market). It has also made a name for itself in the Maldives. It owned and operated 209 KFC restaurants in India and the Maldives as of June 30, 2021, 239 Pizza Hut stores in India, Sri Lanka, and the Maldives, and two Taco Bell restaurants in Sri Lanka.
As part of its brand and cuisine category expansion, the firm runs its restaurants in high traffic and high visibility sites in important metropolitan centers and cities across India, and it develops new restaurants in new cities. Its franchise business agreement with YUM means it works under the KFC brand in several Indian states and across the Maldives, the Pizza Hut brand in several states in India and across Sri Lanka and the Maldives, and the Taco Bell label across Sri Lanka on a non-exclusive basis, all while leveraging YUM’s information and network property.
| 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 |
| 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) |
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
| Date | Sapphire Foods IPO GMP | Kostak | Subject to Sauda |
| 9 Nov 2021 | INR120 | – | – |
| 8 Nov 2021 | INR120 | – | – |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Sapphire Foods India Limited IPO | Nov 18, 2021 | 1180 | 1216.05 | 3.06 |
NSE : NA
ISIN CODE : INE806T01012
BSE : NA
Axis Capital – Neutral
Dilip Davda – May apply
ICICI Securities – Neutral
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: 22 November 2021
Opening Price on NSE: Coming soon
Closing Price on NSE: Coming soon
Sapphire Foods Limited
702, Prism Tower, A Wing, Mindspace, Link Road
Goregaon (West), Mumbai, 400 062
Phone: +91 22 6752 2343
Email: investor@sapphirefoods.in
Website: www.sapphirefoods.in
Link Intime India Private Limited
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: sapphire.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Category | Shares Offered | Day 1 | Day 2 | Day 3 |
QIB | 52,70,983 | 0.00 | ||
NII | 26,35,491 | 0.01 | ||
Retail | 17,56,994 | 1.38 | ||
Total | 96,63,468 | 0.25 |
Sapphire Foods India Limited IPO is a main-board IPO of ₹[.] per 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 6 Shares. The initial public offering (IPO) date Nov 22, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The Sapphire Foods India Limited IPO opening date is Nov 9, 2021 and closing date is Nov 11, 2021.
Sapphire Foods India Limited IPO Market lot size is 12 Shares and the minimum order quantity is 12 Shares.
Sapphire Foods India Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Sapphire Foods India Limited 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 India Limited IPO allotment status.
The Sapphire Foods India Limited IPO listing date is Nov 22, 2021.
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