Bookbuilding IPO | ₹2,073 Cr | Listed at BSE, NSE | Tue, Nov 9, 2021 - Thu, Nov 11, 2021
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 ₹1,180 per share. The lot size for an application is 12. The minimum amount of investment required by an retail is ₹14,160 (12 shares) (based on upper price). 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 Open
Tue, Nov 9, 2021
IPO Close
Thu, Nov 11, 2021
Issue Price
₹1180 per share
Market Cap (Pre-IPO)
₹7,498.02 Cr
| IPO Date | 9 to 11 Nov, 2021 |
| Listed on | Thu, Nov 18, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹1120 to ₹1180 |
| Issue Price | ₹1180 per share |
| Lot Size | 12 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,75,69,941 shares (agg. up to ₹2,073 Cr) |
| Offer for Sale | 1,75,69,941 shares of ₹10 (agg. up to ₹2,073 Cr) |
| Share Holding Pre Issue | 6,35,42,541 shares |
| Share Holding Post Issue | 6,35,42,541 shares |
| BSE Script Code / NSE Symbol | 543397 / SAPPHIRE |
| ISIN | INE806T01012 |
Sapphire Foods IPO comprises a total issue size of 1,75,69,941 shares. Out of which, 1,31,77,456 (75.00%) are allocated to QIB, 26,35,491 (15.00%) allocated to NII 17,56,994 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 12 shares and in multiples thereof.
| 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 |
Sapphire Foods IPO raises ₹932.96 crore from anchor investors. Sapphire Foods IPO Anchor bid date is November 8, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 8, 2021 |
| Shares Offered | 79,06,473 |
| Anchor Portion (₹ Cr.) | 932.96 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Dec 16, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Feb 14, 2022 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | carry out the Offer for Saleof 17,569,941Equity Shares*by the Selling Shareholders | |
| 2 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges | |
| 3 | Enhancement of our Company’s brand name |
The Sapphire Foods IPO is subscribed 6.62 times on November 11, 2021 5:00:00 PM (Day 3). The public issue subscribed 8.7 times in the retail category, 7.5 times in the QIB category, and 3.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.5 | 52,70,983 | 3,95,27,448 |
| NII | 3.46 | 26,35,491 | 91,24,848 |
| Retail | 8.7 | 17,56,994 | 1,52,92,704 |
| Total | 6.62 | 96,63,468 | 6,39,45,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 53.76 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, RegisteredBrokers, SCSBs, RTAs and CDPs | 4.13 |
| 3 | Advertising and marketing expenses for the Offer | 5.01 |
| 4 | Listing fees, SEBI filing fees, BSE & NSE processing fees, book building software fees | 6.05 |
| 5 | Other regulatory expenses | 1.09 |
| 6 | Printing and stationery expenses | 2.27 |
| 7 | Fees payable to the legal counsel | 6.63 |
| 8 | Fees payable to other advisors to the Offerand other parties in connection with the Offer | 0.71 |
| 9 | Miscellaneous | 6.72 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,180.00 | ₹1,180.00 |
| Open | ₹1,311.00 | ₹1,350.00 |
| Low | ₹1,160.00 | ₹1,160.00 |
| High | ₹1,383.60 | ₹1,380.05 |
| Last Trade | ₹1,216.05 | ₹1,211.55 |
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 Crores. The issue is priced at ₹1180 per share. The minimum order quantity is 12.
The IPO opens on Tue, Nov 9, 2021, and closes on Thu, Nov 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 Tue, Nov 9, 2021 and closes on Thu, Nov 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 Thu, Nov 18, 2021. Check the Sapphire Foods IPO allotment status.
The Sapphire Foods IPO listing date is on Thu, Nov 18, 2021.
