Sapphire Foods IPO

Sapphire Foods India Ltd.

₹13,440 /12 sharesMinimum Investment

Sapphire Foods IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Nov ‘21 - 11 Nov ‘21₹13,44012₹1,120 - ₹1,180
Issue SizeIPO Doc
2073.25Cr
RHP PDF

Subscription Status As on 11 Nov '21, 5:00 PM

  • Retail Individual Investor
    8.70x
  • Non-Institutional Investor
    3.46x
  • Qualified Institutional Buyers
    7.50x

About Sapphire Foods

Sapphire Foods is one of YUM’s franchisee operators in the Indian subcontinent. It is also Sri Lanka’s largest international QSR chain, in terms of revenue for the financial year 2021. As of June 30, 2021, the company 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. ;
Parent Organisation
Sapphire Foods India Ltd.
Founded
2009
Managing Director
Sanjay Purohit

Strengths & Risks

  • Leading QSR brands with a substantial market presence and scale.
  • A strong relationship with YUM.
  • Continuous focus on delivering great customer experience.
  • Scalable new restaurant economic model for expansion.
  • Great place to work led by an experienced management team and backed by institutional capital.
  • The company has reported restated losses in the last three financial years.
  • Uninsured loss or losses the exceed the insured limits .
  • The company has substantial debt and might incur more debt in the future.
  • Dependence on the Franchisee Agreement for continuous operations.
  • Material outstanding legal proceedings involving the Company, Subsidiaries, and Directors.
  • Any failure or deterioration in its quality control systems or protocols for its supply chain or restaurants leading to the termination of the Franchisee Agreement
  • Inability to recognize and respond to changes in consumer preferences and food habits.
  • Inability to keep pace with advances in technology.
  • Failure to effectively manage the adverse effects of social media on its reputation.

Financials

*All values are in Rs. Cr
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Application details

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