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
Subscription Rate
- Retail Individual Investor8.70x
- Non-Institutional Investor3.46x
- Qualified Institutional Buyers7.50x
- Employees
About Company
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:
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ParticularsFY 2020-2021FY 2019-2020FY 2018-2019
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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:
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EventsImportant Dates
-
Application opens on9th November
-
Last date of application11th November
-
Date of allotment16th November
-
Refund begins from17th November
-
Stocks get credited in DEMAT A/C on18th November
-
The stock gets listed on exchanges on22nd November
Sapphire Foods India Ltd. IPO - SWOT Analysis
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.
