Wednesday, August 10, 2022
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Sapphire Foods IPO

Sapphire Foods India limited is India’s largest franchise operator of Yum’s brand with a track record of operating more than 400 KFC, Pizza Hut and Taco Bell restaurants in India, Sri Lanka and Maldives successfully. It came into existence in 2015 with acquisition of more than 200 KFC and Pizza hut stores.

The company also operates warehouses in India and having its presence in 5 cities and also invested in building technology in their restaurants.

Objects of the issue:

  1. Benefits of listing equity shares on stock exchange.
  2. Carry out Offer for sale (equity shares).
  3. Creation of public market for equity shares.
  4. Maintaining company’s brand name and focused on expansion and enhancement

Core Strengths:

  1. India’s largest franchise operator in terms of revenue of FY’20.
  2. Sri Lanka’s largest international QSR chain in terms of revenue of FY’21.
  3. Strong and experienced leadership team focused on delivering excellent and memorable customer experience.

IPO Details:

IPO Opening DateNov 9, 2021
IPO Closing DateNov 11, 2021
Face Value₹10 per equity share
IPO Price₹1120 to ₹1180 per equity share
Market Lot12 Shares
Min Order Quantity12 Shares
Max Order Quantity168 shares
Listing AtBSE, NSE
Issue Size17,569,941 Eq Shares of ₹10
(aggregating up to ₹2,073.25 Cr)

Offer for Sale17,569,941 Eq Shares of ₹10
(aggregating up to ₹2,073.25 Cr)
Basis of Allotment DateNov 16, 2021
Initiation of RefundsNov 17, 2021
Credit of Shares to Demat AccountNov 18, 2021
IPO Listing DateNov 22, 2021


Particulars                                For the year ended (₹ in million)  
Total Assets13,710.7613,088.66  13,489.37  13,806.64  15,674.72
Total Revenue  9, 3,139.251,361.75  10,812.35  13,517.36  12,062.82
Profit After Tax(264.03)(751.73)(998.97)(1,592.47)(694.04)

Major Risk/ Highlight:

1-Like other QSR chains, company is in losses and will continue to incur losses.

2-Company started operations in 2015, hence a very short history of its operations.



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