SBS Food Courts IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 24, 2022Let’s have a detailed review of the company and analytics of the SBS Food Courts IPO release date, IPO offer price, subscription, SBS Food Courts Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | NSE Emerge |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs Lakh |
| Tick Size | 1 |
SBS Food Courts IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
SBS Food Courts IPO – Summary
Their Company was originally formed and registered as a partnership firm under the Partnership Act, 1932 in the name and style of “M/s. S.B.S Food Court”, pursuant to a deed of partnership dated October 18, 2004.
Subsequently, the constitution of the partnership firm was changed on December 29, 2004,,, and January 20, 2021,, by the admission of partners. “M/s. S.B.S Food Court” was thereafter converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act, 2013 in the name of “SBS Food Courts Limited and received a certificate of incorporation dated April 30, 2021,,, from the Registrar of Companies, Central Registration Centre.
The Promoter of this company is MR. JOSEPH SEQUEIRA, MRS. CATHERINE LAWRENTIA D’SOUZA AND MR. LAWRENCE A SEQUEIRA. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
SBS Food Courts IPO Date
The opening and the closing date of SBS Food Courts IPO are not available yet.
SBS Food Courts IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check SBS Food Courts IPO LIVE Subscription
- SBS Food Courts IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
SBS Food Courts 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.
SBS Food Courts Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
SBS Food Courts IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
SBS Food Courts IPO Size
This Initial Public Issue of 6,50,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakh.
SBS Food Courts IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 6,50,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh
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SBS Food Courts IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – SBS Food Courts Share Price |
SBS Food Courts IPO Grey Market Premium
The SBS Food Courts Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
SBS Food Courts IPO – Company Overview
Their company is engaged in the event and dining segment of the hospitality industry. They also undertake outdoor catering and provide banquet facilities for events.
Their Company operates its restaurants and banquets under the brand name of “Flag’s”. Foodservice is a dominant segment of the hospitality industry that represents a significant proportion of the economy. Their company specializes in semi-fine dining restaurants with a special emphasis on vegetarian food and providing a variety of world cuisines under one roof.
Their company envisages becoming trendsetters in the Events and Dining segment of the Hospitality Industry. It aspires to be the preferred destination for Events and Dining by offering innovative products as per international standards and delivering exemplary service and thereby leaving an indelible mark of their brand in the minds of their valued patrons. They endeavor to create not just an Events and Dining Company but an Institution that will prepare their human resources as hoteliers and entrepreneurs of the future.
Their Company SBS Food Courts Limited (Erstwhile partnership firm S.B.S Food Court) started its first restaurant in the year 2005 i.e. Flag’s Veg World Restaurant. Further in July 2020 they have entered into a lease agreement for banquet i.e. Flag’s Avant-Garde Banquet which was earlier operated by their Group Company Flag Hotels Private Limited and their Company is successfully running the said banquet from July 2020. Also, their Company is proposing the restaurant and banquet i.e. Flag’s III at Kandivali (West), Mumbai.
SBS Food Courts 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 & Lakh) | |||||
| 31-May-21 | 29-Apr-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 705.23 | 710.61 | 705.16 | 747.61 | 720.41 |
| *Total Revenue | 37.71 | 33.23 | 639.75 | 655.85 | 255.20 |
| Total Expense | 36.04 | 33.11 | 622.16 | 652.83 | 255.42 |
| Profit After Tax | 1.24 | 0.04 | 10.52 | 0.88 | (1.66) |
Earnings per Equity Share (in Lakh)
| 31-May-21 | 29-Apr-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 0.17 | 0.01 | 1.50 | 0.13 | (0.24) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 10.52 Lakh, Rs. 0.88 Lakh,, and Rs. (1.66) Lakh respectively.
SBS Food Courts IPO – Promoters
The Promoter of this company is:
- MR. JOSEPH SEQUEIRA,
- MRS. CATHERINE LAWRENTIA D’SOUZA
- MR. LAWRENCE A SEQUEIRA
List of Related Parties (Key Managerial Personnel)
- Lawrence A Sequeira, Chairman cum Managing Director
- Josly Eric Sequeira, Whole-time Director
- Alwin Sequeira, Whole-time Director
- Jigar Dineshbhai Patel, Non- Executive Independent Director
- Ravikumar Yadav, Non- Executive Independent Director
- Bindu Dilliprasad Acharya, Non- Executive Independent Director
SBS Food Courts IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
SBS Food Courts IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,50,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.2.00 Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.2.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 15,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
SBS Food Courts IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
SBS Food Courts – Business Strategy
- Preserve their guest and team-focused culture and values
- Increase same store sales growth, revenue per store and profitability
- Optimal Utilization of Resources
- To build-up a professional organization
SBS Food Courts 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:
- Quality Food and Services
- Hygienic and prominent locations of their restaurants and banquets
- Leveraging the experience of their Promoter
- Scalable Business Model
- Attractive offering at competitive prices based on constant menu innovation and customer focus
- Understanding consumer preferences and development of new innovative dishes
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1.50 | 2.30 | 65.30 |
| 31-Mar-20 | 0.13 | 0.44 | 28.73 |
| Mar-19 | (0.24) | 0.54 | 43.84 |
SBS Food Courts IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| SBS Food Courts Limited | 10 | [●] | 1.50 | 2.30 | 37.71 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
SBS Food Courts IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED SEBI Registration Number: INM000012759 Office No. A-102, 1st Floor, Sea Lord CHSL, Above Axis Bank, Ram Nagar, Borivali (West), Mumbai- 400092, Maharashtra, India Tel No.: +91 – 22 – 2808 8456 Email: shrenishares@gmail.com Investors Grievance Id: info@shreni.in Website: www.shreni.in Contact Person: Ms. Kritika Rupda CIN: U67190MH2009PTC195845 |
SBS Food Courts IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED SEBI Registration Number: INR000001385 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai-400059, Maharashtra, India Tel No.: +91- 022-6263 8200 Email: ipo@bigshareonline.com Investor grievance: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate CIN: U99999MH1994PTC076534 |
SBS Food IPO – Other Details
- Statutory Auditor – M/s A Y & Company and M/s R. Pasad & Co, Chartered Accountants
- Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
- Bankers to the Company – NA
SBS Food Courts IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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SBS Food Courts Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
SBS Food Courts IPO Review FAQs
What is the Issue Size of SBS Food Courts IPO?
The Company is making an initial public offer of 6,50,000 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.
What is the Price band of SBS Food Courts IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the SBS Food Courts IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the SBS Food IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the SBS Food IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of SBS Food IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of SBS Food IPO?
Here are the promoters of this IPO – MR. JOSEPH SEQUEIRA, MRS. CATHERINE LAWRENTIA D’SOUZA AND MR. LAWRENCE A SEQUEIRA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of SBS Food IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is SBS Food IPO good for Investment?
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.
What is the PAT of SBS Food Courts?
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 Lakh is 10.52, 2020 is 0.88, 2019 is (1.66). PAT from May 2021 is 1.24.
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