Sapphire Foods IPO Details

Sapphire Foods IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

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

DateDetails
November 10, 2009The company was incorporated under the name ‘Samarjit Advisors Private Limited’ as a private limited company, Maharashtra at Mumbai.
December 26, 2014The name of the company changed to ‘Sapphire Foods India Private Limited’
June 15, 2021The 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

DetailsSAPPHIRE IPO DETAILS
Public IssueInitial Public Offer of  up to 17,569,941 Equity Shares of ₹ 10 aggregating upto ₹ [,] 
Issue Open  Date09-Nov-21
Issue Close Date11-Nov-21
Issue TypeBook 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 InvestorRs. 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

ApplicationLotsNo of SharesAmount (Rs)
Minimum112 ₹ 14,160
Maximum1168 ₹ 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

DetailsDate
Bid / Offer Opens on09-Nov-21
Bid / Offer Closes on11-Nov-21
Finalisation of Basis of Allotment16-Nov-21
Initiation of refunds 17-Nov-21
Credit of the Equity Shares18-Nov-21
Listing Date22-Nov-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total income, for Financial Year 2021
(in ₹ million)
NAV, as on March 31, 2021
(₹ per share)
Sapphire Foods India Limited10(19.04)10,812.3584.16
Jubilant FoodWorks Limited1017.5533,849.49108.12
Westlife Development Limited2(6.38)10,303.3230.89
Burger King India Limited10(5.47) 5,229.3217.59
Devyani International Limited1(0.50)11,988.951.03

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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