IPO

Sapphire Foods India Limited IPO

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Consumer Food

Listed On: Nov 18, 2021 at ₹ 1350.00(NSE)

₹ 14160 /12 Shares

Check Allotment

09 Nov, 2021

Open Date

11 Nov, 2021

Close Date

16 Nov, 2021

Allotment Date

18 Nov, 2021

Listing Date
Price Summary

Last Closing

233.00 (-80.25%)

52 Week High

374.65

52 Week Low

221.40

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹1120-1180 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 2073.25 Crores Offer for Sale
  • Listing at BSE, NSE
  • List Price 1350.00(NSE)
  • Listing Date 2021-11-18
  • Lead Manager BofA Securities India Limited,ICICI Securities Limited,IIFL Securities Ltd,JM Financial Consultants Private Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 10% (Number of Retail Applications : 1,46,400 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹1120-1180 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Nov 9, 2021 and ends on Nov 11, 2021. The allotment for IPO will be finalized on Nov 16, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 18, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are BofA Securities India Limited,ICICI Securities Limited,IIFL Securities Ltd,JM Financial Consultants Private Limited.


The IPO sets its price band at 1120-1180 for each share. A single application for Sapphire Foods India Limited IPO must contain at least 12 shares.

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IPO Subscription Analysis And Details
Retail
8.71x
QIB
7.50x
NII
3.46x
Total
6.62x
As on QIB NII Retail Total
Shares Offered / Reserved 52,70,983 26,35,491 17,56,994 96,63,468
Day 1 09-11-21 05:00 PM
0.02 x 0.05 2.56 x 0.49 x
Day 2 10-11-21 05:00 PM
0.03 x 0.29 5.37 x 1.07 x
Day 3 11-11-21 05:00 PM
7.50 x 3.46 8.71 x 6.62 x
Total No of Applications
987823
Subscription on the basis of Applications
6.75
Valuations
Earnings Per Share (EPS) ₹12.32)/-
P/E Ratio (95.81)
RoNW (22.16)%
Net Asset Value (NAV) - As on 30.06.21 ₹80.67
Company Financials
In Crs.
In Cr.
30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Assets 1,371.07 1,348.93 1,380.66 1,567.47
Revenue 313.92 1,081.23 1,351.73 1,206.28
Profit After Tax (26.40) (99.89) (159.24) (69.40)
About Company

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.

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- Promoter(s)

QSR Management Trust

Sapphire Foods Mauritius Limited

Pre Issue Share Holding : 60.08%

Post Issue Share Holding : 49.97%

IPO - Issue Objectives
1

Carry out the offer for sale of up to 17,569,941 equity shares by the selling shareholders,

2

Achieve the benefits of listing the equity shares on the stock exchanges, and

3

Enhancement of company’ s brand name amongst existing and potential customers and creation of a public market for equity shares in India.

IPO - Anchor Investors

KFC operator Sapphire Foods mobilises Rs 932.96 crore from anchor investors ahead of IPO

Sapphire Foods IPO | Among others, ICICI Prudential, Sundaram MF, IIFL Special Opportunities Fund, Bajaj Alliance Life Insurance, HDFC MF, Kotak MF, and Reliance General Insurance also invested in the company through the anchor book.

Marquee investors who participated in the anchor book were the Government of Singapore, Monetary Authority of Singapore, Fidelity Funds, Abu Dhabi Investment Authority, Crestwood Capital Master Fund, Ontario Teachers' Pension Plan Board, Carmignac Portfolio, HSBC, Societe Generale, Morgan Stanley, Segantii India, and Affin Hwang.

Among others, ICICI Prudential, Sundaram MF, IIFL Special Opportunities Fund, Bajaj Alliance Life Insurance, HDFC MF, Kotak MF, and Reliance General Insurance also invested in the company through the anchor book.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Sapphire Foods 14.63 (95.81) (22.16)% 1,081.24
Jubliant Foodworks 27.31 119.00 22.95% 3,384.95
Devyani Int 87.38 (276.25) (48.52)% 1,198.89
Burger King 8.66 (29.21) (14.75)% 522.93