Sapphire Foods IPO

Sapphire Foods India Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹1,180

Issue Price

Listing Price

₹1,311

Listing Price

Listing Gains

+₹131.00 (+11.10%)

Listing Gains

IPO Details

Bidding Dates

09 Nov - 11 Nov '21

Bidding Dates

Min. Investment

₹13,440

Min. Investment

Lot Size

12.00

Lot Size

Price Range

₹1120 - ₹1180

Price Range

Issue Size

1,968 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Sapphire Foods India Ltd. IPO

  • Retail Individual Investor
    8.70x
  • Non-Institutional Investor
    3.46x
  • Qualified Institutional Buyers
    7.50x
  • Employees
    NA


About Sapphire Foods India Ltd. IPO

The initial public offering of the company that operates and handles outlets of people's favorite food joints like KFC and Pizza Hut is all set to go live from 9th November 2021. The size of this offering is ₹20.73 billion and a lot size of 12 units.

This offering is entirely an OFS, and no fresh issue of stocks are involved in this IPO. Promoters are selling approximately 17.57 million stocks between the range of ₹1120 and ₹1180.

Sapphire Foods is the largest franchisee operator of YUM! Brands in the Indian subcontinent. It has various outlets of Kentucky Fried Chicken (KFC), Pizza Hut, and Taco Bells outlets across India, Sri Lanka, and the Maldives.

They run and operate the KFC and Pizza Hut outlets domestically, while in Sri Lanka and Maldives, they run and operate Pizza Hut and Taco Bells outlets.

They provide the visitors with a sense of satisfaction with quality food at decent value for an overall great experience. They are also committed to creating a very soothing abode for work with a rich culture where their employees can flourish in their careers.

Why should you invest in Sapphire Foods India Ltd. IPO?

The company aims to be the best restaurant handler within the country. They understand that it is a tough road, and so with righteous focus, they are determined to achieve their goals.

With an efficient network system, they strive to provide a great customer experience while keeping a tight rein on costs. They believe that a robust supply chain is a to success.

The company is building a robust base of food outlets & is looking to expand its operations by finding the high-demand spots at the least possible cost, with the right partners, and establishing loyal consumers within the area.

Financial Snapshot

The company's past three years financial position is displayed in the following table:

  • Particulars
    FY 2020-2021
    FY 2019-2020
    FY 2018-2019
  • Revenue
    ₹10812.35 crores
    ₹13517.36 crores
    ₹12062.82 crores
  • Expenditure
    ₹11799.29 crores
    ₹14183.28 crores
    ₹12745.86 crores
  • Profit/(Loss) After Tax
    ₹(1041.50) crores
    ₹(1641.63) crores
    ₹(691.2) crores

Sapphire Foods India Limited IPO Dates

Following are some important events and their respective dates to take note of:

  • Events
    Important Dates
  • Application opens on
    9th November
  • Last date of application
    11th November
  • Date of allotment
    16th November
  • Refund begins from
    17th November
  • Stocks get credited in DEMAT A/C on
    18th November
  • The stock gets listed on exchanges on
    22nd November


SWOT Analysis - Sapphire Foods India Ltd. IPO

Strengths:
The company has rapidly expanded to owning 480+ outlets within a span of five to six years. To match with the competitors, the company changed its price model and introduced daily low price and meal bundles to attract more customers.
Weaknesses:
The company does not have its own product as such. They only manage the brands of Yum! Finding the strategic location and timely management of funds creates a hindrance in expansion.
Opportunities:
In the fast inflating food industry, the company's cost-efficient model could keep them top in the league. Their decision to reduce the size of their stores by 40% will reduce rental costs and add up to the revenue.
Threats:
There is tough competition from peers in the food industry. Consistent growth could be a little tricky since its highest revenue comes from KFC, the risk of diseases like bird flu affecting their revenue remains.

Noteworthy highlights/Competitive strengths

  • With its cost-effective model, they improved gross margin by 180 basis points, irrespective of inflation.
  • They own 480+ outlets in India, along with a global presence.



How to apply for Sapphire Foods India Ltd. IPO?

You can apply for the Sapphire Foods India Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Sapphire Foods India Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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Frequently Asked Questions (FAQs) - Sapphire Foods India Ltd. IPO

What are some important dates related to Sapphire Foods India Ltd. IPO?

The offering shall open on 9th November 2021 and close on 11th November 2021. The allotment date is 16th November, and the stock shall list on the exchanges on 22nd November 2021.

Who are the lead managers to this issue?

JM Financial Limited, IIFL Securities Limited, BofA Securities India Limited, and ICICI Securities Limited are the lead managers to this issue.

Where will the shares of the company be listed?

The shares of Sapphire Foods India Ltd. shall be listed on National Stock Exchange and Bombay Stock Exchange on the 22nd of November 2021.

How much can I invest in this IPO?

The price band has been fixed at ₹1120 to ₹1180 per stock, and the lot size is 12 units. The minimum amount required would be ₹14,610, and the max would be ₹1,98,240.

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