Sapphire Foods IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Sapphire Foods
- Important Details – Sapphire Foods
- Objects of the Issue
- Sapphire Foods Limited Financials:
- Sapphire Foods IPO Price – Details
- Sapphire Foods IPO DRHP & RHP
- Sapphire Foods IPO Lot Size
- Sapphire Foods IPO Lead Managers
- Sapphire Foods IPO Registrar
- Sapphire Foods IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered and Corporate Office Office
- Company Promoters
- Sapphire Foods IPO – FAQS
About Sapphire Foods
Sapphire Foods is one of YUM’s franchisee operators in the Indian subcontinent, Sapphire also Sri Lanka’s largest international QSR chain. The company has also established a presence in the Maldives. As of June 30, 2021, the company owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka.
Sapphire Foods aspire to be India’s best restaurant operator by serving customers great food with great experience at great value. The company operate the restaurants in high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part of the brand and food category expansion.
The franchisee arrangement (the “Franchisee Arrangement”) with YUM allows to operate, on a non-exclusive basis, under the KFC brand in several states in India and across the Maldives, the Pizza Hut brand in several states in India and across Sri Lanka and the Maldives, and the Taco Bell brand across Sri Lanka (collectively, the “Territories”), while leveraging YUM’s system and system property. The Franchisee Arrangement also provides with a right to use YUM’s system and system property covering all aspects of business operations, as well as the flexibility to undertake, with YUM’s approval, local or regional promotions, while meeting YUM’s global quality assurance standards.
KFC was founded in Corbin, Kentucky, in the U.S. by Colonel Harland D. Sanders in 1939, the first Pizza Hut restaurant was opened in Wichita, Kansas, in the U.S. in 1958, and the first Taco Bell restaurant was opened in 1962 in Downey, California. As of December 31, 2020, YUM and its franchisees operated more than 50,000 stores worldwide
Strengths
- Leading QSR brands with a substantial market presence and scale;
- Strong relationship with YUM;
- Continuous focus on delivering great customer experience;
- Operational excellence;
- Scalable new restaurant economic model for expansion; and
- Great place to work led by experienced management team and backed by institutional capital
Important Details – Sapphire Foods
| Date | Details |
|---|---|
| November 10, 2009 | The company was incorporated under the name ‘Samarjit Advisors Private Limited’ as a private limited company, Maharashtra at Mumbai. |
| December 26, 2014 | The name of the company changed to ‘Sapphire Foods India Private Limited’ |
| June 15, 2021 | The company was converted into a public limited company and the name of the Company was changed to ‘Sapphire Foods India Limited’ |
Objects of the Issue
- 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 the company’s brand name amongst the existing and potential customers and creation of a public market for the Equity Shares in India
Sapphire Foods Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 13,489.37 | 13,806.64 | 15,674.72 |
| Total income | 10,812.35 | 13,517.36 | 12,062.82 |
| Total Expenses | 11,799.29 | 14,183.28 | 12,745.86 |
| Profit After Tax | (998.97) | (1,592.47) | (694.04) |
Sapphire Foods IPO Price – Details
| Details | SAPPHIRE IPO DETAILS |
|---|---|
| Public Issue | Initial Public Offer of up to 17,569,941 Equity Shares of ₹ 10 aggregating upto ₹ [,] |
| Issue Open Date | 09-Nov-21 |
| Issue Close Date | 11-Nov-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 1120 – ₹ 1180 |
| Face Value | ₹ 10 |
| Market Lot | 12 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 12 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Sapphire Foods IPO DRHP & RHP
Sapphire Foods IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 12 | ₹ 14,160 |
| Maximum | 1 | 168 | ₹ 1,98,240 |
Sapphire Foods IPO Lead Managers
- JM Financial Limited
- BofA Securities India Limited
- ICICI Securities Limited
- IIFL Securities Limited
Sapphire Foods IPO Registrar
Sapphire Foods IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 09-Nov-21 |
| Bid / Offer Closes on | 11-Nov-21 |
| Finalisation of Basis of Allotment | 16-Nov-21 |
| Initiation of refunds | 17-Nov-21 |
| Credit of the Equity Shares | 18-Nov-21 |
| Listing Date | 22-Nov-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total income, for Financial Year 2021 (in ₹ million) | NAV, as on March 31, 2021 (₹ per share) |
| Sapphire Foods India Limited | 10 | (19.04) | 10,812.35 | 84.16 |
| Jubilant FoodWorks Limited | 10 | 17.55 | 33,849.49 | 108.12 |
| Westlife Development Limited | 2 | (6.38) | 10,303.32 | 30.89 |
| Burger King India Limited | 10 | (5.47) | 5,229.32 | 17.59 |
| Devyani International Limited | 1 | (0.50) | 11,988.95 | 1.03 |
Company Registered and Corporate Office Office
702, Prism Tower, A Wing,
Mindspace, Link Road,
Goregaon (West),
Mumbai, 400 062,
Maharashtra, India.
Website: https://www.sapphirefoods.in
Company Promoters
- QSR Management Trust
- Sapphire Foods Mauritius Limted
Sapphire Foods IPO – FAQS
What is the Sapphire Foods India IPO Price?
The Sapphire Foods India IPO price band is ₹ 1120 – ₹ 1180 per share
When Sapphire Foods India IPO will open?
The Sapphire Foods India IPO opens on Nov 09, 2021 and closes on Nov 11, 2021
What is the lot size of Sapphire Foods India IPO?
The Sapphire Foods India IPO lot size is 12 Equity Shares and the minimum order quantity is 12 Equity Shares
Who is the Registrar for Sapphire Foods India IPO?
The Registrar for Sapphire Foods India IPO is Link Intime India Private Limited
How to apply in Sapphire Foods India IPO through UPI?
Check the step by step process here – Click here
How to apply in Sapphire Foods India IPO through Zerodha?
Check the step by step process here – Click here
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