Sapphire Foods India Limited IPO

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Consumer Food

Listed On: Nov 18, 2021 at ₹ 1350.00(NSE)

₹ 14160 /12 Shares

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Price Summary

Last Closing

348.00 (-70.51%)

52 Week High

364.40

52 Week Low

242.60

Last Update

20-Sep-2024 3:30 PM

IPO Details

09 Nov, 2021

Open Date

11 Nov, 2021

Close Date

16 Nov, 2021

Allotment Date

18 Nov, 2021

Listing Date

Issue Price

₹1120-1180 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

1350.00(NSE)

Listing Date

2021-11-18

Market Lot

12 Shares (₹14,160/-)

Lead Manager

BofA Securities India Limited,ICICI Securities Limited,IIFL Securities Ltd,JM Financial Consultants Private Limited

Issue Size

2073.25 Crores Offer for Sale

Retail Portion

10% (Number of Retail Applications : 1,46,400 Approx)

Subscription

6.62 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	52,70,983	26,35,491	17,56,994	96,63,468
Day 1 - 09-11-21 05:00 PM	0.02 x	0.05	2.56 x	0.49 x
Day 2 - 10-11-21 05:00 PM	0.03 x	0.29	5.37 x	1.07 x
Day 3 - 11-11-21 05:00 PM	7.50 x	3.46	8.71 x	6.62 x

Total No. of Applications: 987823 (Approx)

Retail Subscription on the basis of Applications: 6.75 times

Valuations

Earnings Per Share (EPS)

₹12.32)/-

P/E Ratio

(95.81)

RoNW

(22.16)%

Net Asset Value (NAV) - As on 30.06.21

₹80.67

Company Financials All values are in ₹ Cr.

	30-Jun-21	31-Mar-21	31-Mar-20	31-Mar-19
Assets	1,371.07	1,348.93	1,380.66	1,567.47
Revenue	313.92	1,081.23	1,351.73	1,206.28
Profit After Tax	(26.40)	(99.89)	(159.24)	(69.40)

About The Company

Sapphire Foods India is YUM brand's largest franchise operator in the Indian subcontinent in terms of revenue as of FY'20. It is also Sri Lanka's largest international QSR chain in terms of revenue for FY' 2021 and the number of restaurants operated as of March 31, 2021. As of March 31, 2021, the company owned and operated 204 KFC restaurants in India and the Maldives, 231 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and 2 Taco Bell restaurants in Sri Lanka. The company's total number of restaurants in the subcontinent region grew from 376 in 2019 to 437 in 2021.
The company has an in-house supply chain function and works with vendor partners for food ingredients, packaging, warehousing, and logistics. The company operates warehouses across 5 Indian cities and has invested in building technology solutions in their restaurants. The company employs YUM brand's global online and digital channel solutions to enhance customer experience and achieve operational efficiency and financial control. The company operates its restaurants at high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part of its expansion strategy.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Sapphire Foods	14.63	(95.81)	(22.16)%	1,081.24
Jubliant Foodworks	27.31	119.00	22.95%	3,384.95
Devyani Int	87.38	(276.25)	(48.52)%	1,198.89
Burger King	8.66	(29.21)	(14.75)%	522.93

- Promoter(s)

Pre Issue Share Holding: 60.08%

Post Issue Share Holding: 49.97%

Company Promoter(s)

QSR Management Trust
Sapphire Foods Mauritius Limited

IPO - Issue Objectives

Carry out the offer for sale of up to 17,569,941 equity shares by the selling shareholders,
Achieve the benefits of listing the equity shares on the stock exchanges, and
Enhancement of company’ s brand name amongst existing and potential customers and creation of a public market for equity shares in India.

IPO - Anchor Investors

KFC operator Sapphire Foods mobilises Rs 932.96 crore from anchor investors ahead of IPO

Sapphire Foods IPO | Among others, ICICI Prudential, Sundaram MF, IIFL Special Opportunities Fund, Bajaj Alliance Life Insurance, HDFC MF, Kotak MF, and Reliance General Insurance also invested in the company through the anchor book.

Marquee investors who participated in the anchor book were the Government of Singapore, Monetary Authority of Singapore, Fidelity Funds, Abu Dhabi Investment Authority, Crestwood Capital Master Fund, Ontario Teachers' Pension Plan Board, Carmignac Portfolio, HSBC, Societe Generale, Morgan Stanley, Segantii India, and Affin Hwang.

Among others, ICICI Prudential, Sundaram MF, IIFL Special Opportunities Fund, Bajaj Alliance Life Insurance, HDFC MF, Kotak MF, and Reliance General Insurance also invested in the company through the anchor book.

IPO - FAQs

Ans. Sapphire Foods India Limited IPO is a Mainboard IPO. The issue is priced at ₹1120-1180 per equity share. The minimum order quantity is 12 Shares. The IPO opens on Nov 9, 2021, and closes on Nov 11, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Sapphire Foods India Limited IPO opens on Nov 9, 2021 and closes on Nov 11, 2021.

Ans. The size of Sapphire Foods India Limited IPO is 2073.25 Crores Offer for Sale.

Ans. The IPO price band is set between ₹1120-1180 per equity share.

Ans. To apply for Sapphire Foods India Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Sapphire Foods India Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Sapphire Foods India Limited IPO is Nov 16, 2021.

Ans. The Sapphire Foods India Limited IPO will be listed on Nov 18, 2021.

Ans. Follow the steps to check the allotment status for Sapphire Foods India Limited IPO here.