Sapphire Foods India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 13,177,456 (75%) | — | ₹155,494 Cr |
| NII (HNI) | — | 2,635,491 (15%) | — | ₹31,099 Cr |
| Retail | — | 1,756,994 (10%) | — | ₹20,733 Cr |
| Σ Total | — | 17,569,941 (100%) | — | ₹2,073,253 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹14,160 |
| Retail (Max) | 13 | 156 | ₹184,080 |
| S-HNI (Min) | 14 | 168 | ₹198,240 |
| B-HNI (Min) | 67 | 804 | ₹948,720 |
Financial Statements Amount in Crore
| Metric | 30-Jun-21 | 30-Jun-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 314 | 136 | 1,081 |
| Profit After Tax | 26 | 75 | 100 |
| Total Assets | 1,371 | 1,309 | 1,349 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 carry out the Offer for Saleof 17,569,941Equity Shares*by the Selling Shareholders –
- 2 Achieve the benefits of listing the Equity Shares on the Stock Exchanges –
- 3 Enhancement of our Company’s brand name –
Company Overview
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.