Sapphire Foods IPO Closed

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IPO date 09 Nov 2021 – 11 Nov 2021
Listing date 22 Nov 2021
Price range 1120 – 1180
Minimum order quantity 12
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Sapphire Foods is one of YUM’s franchisee operators in the Indian subcontinent. The franchisee arrangement with YUM allows Sapphire Foods to operate, on a non-exclusive basis, 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.

It 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, as of June 30, 2021. It is also Sri Lanka’s largest international QSR chain, in terms of revenue and the number of restaurants operated as of March 31, 2021, with 35% of the total market revenue and 39% of the total number of outlets in the market.

Sapphire Foods entire public offer comprises of offer for sale of 1.75 crore equity shares from existing shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) Loss for the period (₹ Crores) EPS (₹)
March 2019 1,206.28 -69.40 -14.95
March 2020 1,351.74 -159.25 -31.36
March 2021 1,081.24 -99.90 -19.04
Three months ended June 2020 136.18 -75.17 -14.8
Three months ended June 2021 313.93 -26.40 -4.94

IPO Schedule

Issue Period 9th November 2021 to 11th November 2021
Finalization of Allotment 16th November 2021
Initiation of Refunds 17th November 2021
Credit of Shares 18th November 2021
Date of Listing 22nd November 2021
Mandate end date 29th November 2021
Anchor Investors Lock-In End Date 19th December 2021

How do I apply to the Sapphire Foods IPO?

You can apply for the Sapphire Foods IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Sapphire Foods IPO?

You can check the allotment status for the Sapphire Foods IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.