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Sapphire Foods IPO Review 2021:  Sapphire Foods will be one of the tastiest IPOs to hit the markets this month after a short break. The KFC, Pizza Hut and Taco Bell operators IPO will open from November 9th and close on November 11th. The company aims to raise Rs. 2,073 Cr through the public offering.

In this article, we look into important information on the  Sapphire Foods IPO. We also will find out the possible prospects of the company. Keep reading to find out!

Sapphire Foods Logo

About the Company 

Sapphire Foods India Pvt. Ltd., is one of the leading franchisee operators for YUM restaurants which owns KFC, Pizza Hut and Taco Bell in the country. The company has non-exclusive rights to operate the brands not only in India but also in Sri Lanka and Maldives. 

Total Assets | Sapphire Foods IPO Review

The company operated 209 KFC restaurants in India and Maldives. It operated as many as 239 Pizza Hut restaurants in India, Maldives and Sri Lanka. Its total number of restaurants stood at 450 as of 30th June 2021.

Profit After Tax | Sapphire Food IPO Review

The company has not delivered a profit on the financial front for the last 3 years. But despite this, we have noticed that post the pandemic food chains and food tech companies have still successfully listed on the exchange. This is owed to the long term perspective and the expectations of a boom post the pandemic restrictions. 

The company’s listed peers include:

kotak securities banner 500X500
  • Jubilant FoodWorks
  • Burger King
  • Devyani International
  • Westlife Development

Grey Market Premium

The shares of Sapphire Foods traded at a 10.16% premium in the grey market before the IPO. The shares are traded at a price of Rs.1300. This gives it a premium of Rs 120 over the issue price band of Rs 1120-1180 per share.

Key IPO Information

The promoters of the company include QSR Management Trust and Sapphire Foods Mauritius Ltd.They have appointed BofA Securities India Ltd., ICICI Securities Ltd., IIFL Securities Ltd, JM Financial Consultants Private Ltd. Link Intime India Private Ltd has been appointed as the registrar to the issue.

ParticularsDetails
IPO Size₹2,073.25 Cr
Fresh Issue---
Offer For Sale(OFS)₹2,073.25 Cr
Opening DateNov 9, 2021
Closing DateNov 11, 2021
Face Value₹10 per equity share
Price Band₹1120 to ₹1180
Lot Size12 Shares
Minimum Lot Size1
Maximum Lot Size14
Listing DateNov 22, 2021

Purpose of the IPO

The company has opted for an IPO for the following reasons:

  • To carry out Offer for Sale
  • Achieve listing benefits

In Closing 

In this post, we covered the Sapphire Foods IPO Review. The Initial Public Offering opens on November 9th and closes on November 11th.

For retail investors, it can be a good opportunity to look into the company’s future prospects and apply for the IPO if they believe in the products and growth prospects of the company.

Do let us know what you think of the Sapphire Foods IPO review 2021. Are you planning to apply for this IPO or not? Comment below. Cheers!