Let’s have a detailed review of the company and analytics of the Sapphire Foods India IPO release date, IPO offer price, subscription, Sapphire Foods India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 1120 to Rs 1180
Listing AtBSE, NSE
Min. Order Quantity12 Shares
Listing DateNov 22, 2021
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs 20732.50 Million
Tick Size1

Sapphire Foods India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Sapphire Foods India IPO – Summary

Sapphire Foods India IPOThey are YUM’s largest franchise operator in the Indian subcontinent in terms of revenue in the financial year 2020. They are also Sri Lanka’s largest international QSR chain in terms of revenue for the financial year 2021 and the number of restaurants operated as of March 31, 2021. Also, they have also established a presence in the Maldives.

They aspire to be India’s best restaurant operator by serving customers great food with great experience at a great value. They operate their 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 their brand and food category expansion.

The Promoter of this company is QSR MANAGEMENT TRUST AND SAPPHIRE FOODS MAURITIUS LIMITED. The lead manager to the issue is JM Financial Limited, BofA Securities India Limited, ICICI Securities Limited, and IIFL Securities Limited, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.


Sapphire Foods India IPO Date

The opening and the closing date of Sapphire Foods India IPO are Nov 9, 2021, and Nov 11, 2021, respectively.

Check out Related IPO Links:

Sapphire Foods India IPO GMP
Allotment – Sapphire Foods India IPO

Sapphire Foods India IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 9th Nov0.02x0.05x2.56x0.49x
2nd Day –  10th Nov0.03x0.29x5.38x1.07x
3rd Day – 11th Nov7.50x3.46x8.70x6.62x
Shares Offered or Net Issue5,270,9832,635,4911,756,9949,663,468

The shares subscribed by the public will be updated here.

Check Sapphire Foods India IPO LIVE Subscription

  • Sapphire Foods India IPO LIVE Bid details on BSE
  • Sapphire Foods India IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Sapphire Foods India IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Sapphire Foods India Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationNov 16, 2021
Refunds InitiationNov 17, 2021
Credit of Shares to Demat AccountNov 18, 2021
Share Listing DateNov 22, 2021

Sapphire Foods India IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.1120 to Rs 1180 


Sapphire Foods India IPO Equity Size

This Initial Public Issue of 17,569,941 Equity Shares of Rs.10 each for cash at a price of Rs.1120 to Rs 1180 per equity share aggregating to Rs.20732.50 Million.


Sapphire Foods India IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 17,569,941 Equity Shares of Rs.10 each, aggregating to Rs.20732.50 Million


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    Sapphire Foods India IPO – Live Performance

    The listing date of this IPO is Nov 22, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Sapphire Foods India Share Price

    Sapphire Foods IPO Grey Market Premium

    The Sapphire Foods India Limited IPO Grey Market Premium price is Rs 123, the Kostak rate is Rs 0 and the Subject to Sauda is 0. 


    Sapphire Foods India IPO – Company Overview

    Their franchisee arrangement (the “Franchisee Arrangement”) with YUM allows them 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 (collectively, the “Territories”), while leveraging YUM’s system and system property.

    Their Franchisee Arrangement also provides them with a right to use YUM’s system and system property covering all aspects of business operations, as well as the flexibility to undertake, with YUM’s approval, local or regional promotions, while meeting YUM’s global quality assurance standards.

    As of March 31, 2021, they owned and operated 204 KFC restaurants in India and the Maldives, 231 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. In 2020, KFC, Pizza Hut, and Taco Bell recorded system sales worldwide of US$26.2 billion, US$11.9 billion, and US$11.7 billion, respectively


    Sapphire Foods India IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Jun-2130-Jun-20Mar-2131-Mar-2031-Mar-19
    Total Assets13,710.7613,088.6613,489.3713,806.6415,674.72
    *Total Revenue3,139.251,361.7510,812.3513,517.3612,062.82
    Total Expense3,395.692,110.5911,799.2914,183.2812,745.86
    Profit After Tax(264.03)(751.73)(998.97)(1,592.47)(694.04)

    Earnings per Equity Share (in Million)

    30-Jun-2130-Jun-20Mar-2131-Mar-2031-Mar-19
    Basic & Diluted(4.94)(14.80)(19.04)(31.36)(14.95)

     

    Further, their PAT for the period ended on March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. (998.97) Million, Rs. (1,592.47) Million and Rs. (694.04) Million respectively.


    Sapphire Foods India IPO – Promoters

    The Promoter of this company is:

    1. QSR MANAGEMENT TRUST
    2. SAPPHIRE FOODS MAURITIUS LIMITED

    List of Related Parties (Key Managerial Personnel)

    • Sanjay Purohit, Whole-time Director, and Group CEO
    • Sunil Rewachand Chandiramani, Chairman and Independent Director
    • Sumeet Subhash Narang, Non-Executive Director
    • Manish Mehta, Non-Executive Director
    • Vikram Ranjan Agarwal, Non-Executive Director
    • Girish Manjanath Bhat, Non-Executive Director

    Sapphire Foods India IPO – Promoters Holding

    • Pre Issue Share Holding – 60.08%
    • Pos Issue Share Holding – 49.97%

    Sapphire Foods India IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 17,569,941 Equity Shares aggregating up to Rs.20732.50 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue63,542,541 Equity Shares
     Equity Shares outstanding after the Issue63,542,541 Equity Shares

    Sapphire Foods India IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Carry out the Offer for Sale of up to 17,569,941 Equity Shares by the Selling Shareholders, 

    2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges,

    3. Enhancement of their Company’s brand name amongst their existing and potential customers and creation of a public market for their Equity Shares in India.

    Sapphire Foods – Business Strategy

    • Accelerate conversion from unorganized food services to their brands
    • Continuously enhance the relevance of their current brands
    • Leverage their omnichannel strategy
    • Leverage strength on cost efficiencies, manage unit economics and achieve economies of scale through operational leverage
    • Fast-paced restaurant expansion to capitalize on growth opportunities
    • Pursue inorganic growth

    Sapphire Foods IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Leading QSR brands with a substantial market presence and scale;
    • Strong relationship with YUM;
    • Continuous focus on delivering great customer experience;
    • Operational excellence;
    • Scalable new restaurant economic model for expansion; and
    • Great place to work led by the experienced management team and backed by institutional capital.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-21(19.04)(22.16)84.16
    31-Mar-20(31.36)(32.23)
    Mar-19(14.95)(18.59)

    Sapphire Foods India IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Sapphire Foods India Limited10[●](19.04)(22.16)10,812.35
    Listed Peers
    Jubilant FoodWorks Limited10211.7317.5516.1633,849.49
    Westlife Development Limited2NA(6.38) (20.66)10,303.32
    Burger King India Limited10NA(5.47) (25.82)5,229.32

    Sapphire Foods IPO Lead Managers

    Lead Managers

    JM Financial Limited

    BofA Securities India Limited

    ICICI Securities Limited

    IIFL Securities Limited

    Sapphire Foods IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    C 101, 247 Park, L. B. S. Marg
    Vikhroli (West)
    Mumbai 400 083
    Tel: +91 22 4918 6200
    E-mail: sapphire.ipo@linkintime.co.in
    Investor grievance e-mail:
    sapphire.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact person: Shanti Gopalkrishnan
    SEBI Registration No.: INR000004058

    Sapphire Foods IPO – Other Details

    • Statutory Auditor – S R B C & CO LLP, Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    Sapphire Foods IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Sapphire Foods India Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Sapphire Foods India IPO Review FAQs

      Ques – What is the Issue Size of Sapphire Foods IPO?

      Answer – The Company is making an initial public offer of 17,569,941 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of Sapphire Foods IPO?

      Answer – The price band for this particular IPO ranges between Rs 1120 to Rs 1180. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Sapphire Foods India IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Nov 9, 2021, while the closing date is set at Nov 11, 2021.

      Ques – What is the Sapphire Foods IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 16, 2021, refund initiation is on Nov 17, 2021, credit of shares is on Nov 18, 2021, and share listing date is on Nov 22, 2021.

      Ques – What is the Sapphire Foods IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges on Nov 22, 2021. The date, when the listing would be done, is stagnant on Nov 22, 2021.

      Ques – Who is the Registrar of Sapphire Foods India IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Sapphire Foods IPO?

      Answer – Here are the promoters of this IPO – QSR MANAGEMENT TRUST AND SAPPHIRE FOODS MAURITIUS LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of Sapphire Foods India IPO?

      Answer – They have obtained the GMP of this IPO and it is Rs 123. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Sapphire Foods IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Sapphire Foods Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (998.97), 2020 is (1,592.47), 2019 is (694.04).


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