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Sapphire Foods IPO is a book build issue of ₹2,073.25 crores. The issue is entirely an offer for sale of 1.76 crore shares of ₹2,073.25 crore.
Sapphire Foods IPO bidding started from Nov 9, 2021 and ended on Nov 11, 2021. The allotment for Sapphire Foods IPO was finalized on Nov 16, 2021. The shares got listed on BSE, NSE on Nov 18, 2021.
Sapphire Foods IPO price band is set at ₹1180.00 per share . The lot size for an application is 12. The minimum amount of investment required by an retail is ₹13,440 (12 shares). The lot size investment for sNII is 15 lots (180 shares), amounting to ₹2,12,400, and for bNII, it is 71 lots (852 shares), amounting to ₹10,05,360.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sapphire Foods IPO RHP for detailed Information.
| IPO Date | November 9, 2021 to November 11, 2021 |
| Listing Date | November 18, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1120 to ₹1180 per share |
| Issue Price Final | ₹1180 per share |
| Lot Size | 12 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,75,69,941 shares (aggregating up to ₹2,073.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,35,42,541 shares |
| Share Holding Post Issue | 6,35,42,541 shares |
Sapphire Foods IPO offers total 1,75,69,941 shares. Out of which 1,31,77,456 (75.00%) allocated to QIB, 52,70,983 (30.00%) allocated to QIB, 26,35,491 (15.00%) allocated to NII, 17,56,994 (10.00%) allocated to RII and 79,06,473 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,31,77,456 (75.00%) | NA |
| − Anchor Investor Shares Offered | 79,06,473 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 52,70,983 (30.00%) | NA |
| NII (HNI) Shares Offered | 26,35,491 (15.00%) | NA |
| Retail Shares Offered | 17,56,994 (10.00%) | 1,46,416 |
| Total Shares Offered | 1,75,69,941 (100.00%) |
Sapphire Foods IPO opens on November 9, 2021, and closes on November 11, 2021.
| IPO Open Date | Tue, Nov 9, 2021 |
| IPO Close Date | Thu, Nov 11, 2021 |
| Tentative Allotment | Tue, Nov 16, 2021 |
| Initiation of Refunds | Wed, Nov 17, 2021 |
| Credit of Shares to Demat | Thu, Nov 18, 2021 |
| Tentative Listing Date | Thu, Nov 18, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 11, 2021 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹14,160 |
| Retail (Max) | 14 | 168 | ₹1,98,240 |
| S-HNI (Min) | 15 | 180 | ₹2,12,400 |
| S-HNI (Max) | 70 | 840 | ₹9,91,200 |
| B-HNI (Min) | 71 | 852 | ₹10,05,360 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 30-Jun-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 13,710.76 | 13,088.66 | 13,489.37 | 13,806.64 | 15,674.72 |
| Total Revenue | 3,139.25 | 1,361.75 | 10,812.35 | 13,517.36 | 12,062.82 |
| Profit After Tax | (264.03) | (751.73) | (998.97) | (1,592.47) | (694.04) |
[Dilip Davda] While we are witnessing fancy for food chains despite their loss-making operations, many companies have thrown their hats in the fray to encase the ongoing boom. Though all of them have bright prospects ahead and may turn the winds in their favour once the pandemic scare gets over, these investment opportunities are purely meant for the long term rewards. Due to madness seen in the recent past for fancy pricing for loss-making units, such bets may be lapped up by risk seekers/cash surplus investors, others can stay away. Read detail review...
| Listing Date | November 18, 2021 |
| BSE Script Code | 543397 |
| NSE Symbol | SAPPHIRE |
| ISIN | INE806T01012 |
| Final Issue Price | ₹1180 per share |
| BSE Listing Group | B |
Sapphire Foods India Ltd.
702, Prism Tower, A Wing, Mindspace,
Link Road, Goregaon (West),
Mumbai, 400 062, Maharashtra, India.
Mumbai, Maharashtra
Phone: +91 22 6752 2343
Email: investor@sapphirefoods.in
Website: https://www.sapphirefoods.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sapphire.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sapphire Foods IPO is a main-board IPO of 1,75,69,941 equity shares of the face value of ₹10 aggregating up to ₹2,073.25 Crores. The issue is priced at ₹1180 per share. The minimum order quantity is 12.
The IPO opens on November 9, 2021, and closes on November 11, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sapphire Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Sapphire Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sapphire Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sapphire Foods IPO opens on November 9, 2021 and closes on November 11, 2021.
Sapphire Foods IPO lot size is 12, and the minimum amount required for application is ₹14,160.
You can apply in Sapphire Foods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sapphire Foods IPO will be done on Tuesday, November 16, 2021, and the allotted shares will be credited to your demat account by Thursday, November 18, 2021. Check the Sapphire Foods IPO allotment status.
The Sapphire Foods IPO listing date is on Thursday, November 18, 2021.
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