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Sapphire Foods India Limited IPO Detail

Sapphire Foods India Limited IPO Detail

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.

Competitive Strengths:

  • One of India's largest restaurant franchisee operators and Sri Lanka's largest international QSR chain
  • YUM's largest franchise operator in the Indian subcontinent in terms of revenue
  • Focus on delivering excellent customer experience
  • Quality control and operational excellence
  • Scalable business model
  • Experienced management team with robust corporate governance practices.

Company Promoters

QSR Management Trust and Sapphire Foods Mauritius Limited

IPO Details

IPO Opening DateNov 09, 2021
IPO Closing DateNov 11, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹1120 - 1180 per equity share
Market Lot12 Shares
Min Order Quantity12 Shares
Listing AtBSE, NSE
Issue Size₹2,073.25 Cr
Fresh Issue-
Offer for Sale17,569,941 Eq Shares
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0.02x 0.05x 2.56x 0.0x - 0.49x
Day 2 0.03x 0.29x 5.38x 0.0x - 1.07x
Day 3 7.50x 3.46x 8.70x 0.0x - 6.62x

IPO Tentative Timetable

The Sapphire Foods India Limited IPO open date is Nov 09, 2021, and the close date is Nov 11, 2021. The issue may list on Nov 22, 2021.

IPO Open DateNov 09, 2021
IPO Close DateNov 11, 2021
Basis of Allotment DateNov 16, 2021
Initiation of RefundsNov 17, 2021
Credit of Shares to Demat AccountNov 18, 2021
IPO Listing DateNov 22, 2021

IPO Lot Size

The Sapphire Foods India Limited IPO market lot size is 12 shares. A retail-individual investor can apply for up to 14 lots (168 shares or ₹198240).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding60.08%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1348.93 1081.23 99.90
31-Mar-20 1380.67 1351.73 159.25
31-Mar-19 1567.48 1206.28 -69.4

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