In terms of sales, Sapphire Foods India is YUM’s industry’s leading franchising operator in the Indian subcontinent as of Financial Year 2020. In terms of revenue for Financial Year 2021 and the number of restaurants open as of March 31, 2021, it is also Sri Lanka’s largest international QSR chain. The corporation had 204 KFC locations in India and the Maldives as of March 31, 2021, 231 Pizza Hut shops in India, Sri Lanka, and the Maldives, and two Taco Bell restaurants in Sri Lanka. In the subcontinent, the company’s total number of restaurants increased from 376 in 2019 to 437 in 2021.
For food ingredients, processing, storage, and transportation, the corporation has an in-house supply chain function and collaborates with partners and suppliers. The company has warehouses in five cities in India and has invested in using technology in its restaurants. To improve consumer experience and increase operational efficiency and financial management, the company uses YUM brand global web and digital channel solutions. As part of its promotional plan, the company runs its restaurants in high-traffic, high-visibility sites in key metropolitan centers and cities across India, as well as developing new restaurants in new cities.
Sapphire Foods IPOCompetitive Advantages
In terms of income, YUM is the largest franchise operator in the Indian subcontinent.
Sri Lanka’s largest international QSR chain and one of India’s top restaurant franchisee providers
Controlling quality and achieving operational excellence
Concentrate on providing exceptional customer service.
Strong corporate governance practices and an experienced management team.
The business model is scalable.
Market-leading OSR brands with significant market presence and scalability
Consistent focus on providing excellent client service
Great location to work, supported by institutional finance and led by an experienced management team.
New restaurant economic model that is scalable for expansion.
In the last three financial years, the company has posted revised losses.
Losses that are uninsured or exceed the insured limitations
The corporation is heavily in debt and may incur additional debt in the future.
Continuity of operations is contingent on the franchise agreement.
Inability to detect and respond to shifts in consumer preferences and eating habits.
There are several active legal cases concerning the corporation, its subsidiaries, and its directors.
Inability to keep up with technological advancements
Ineffective management of the negative consequences of social media on the company’s reputation.
Any failure or degradation in its supply chain or restaurant quality control systems or processes, resulting in the termination of the franchise agreement.
Tentative Timetable of Sapphire Foods IPO
The Sapphire Foods initial public offering (IPO) will begin on November 9, 2021, and end on November 11, 2021. On November 22, 2021, the issue may list.
IPO Open Date
Nov 9, 2021
IPO Close Date
Nov 11, 2021
Basis of Allotment Date
Nov 16, 2021
Initiation of Refunds
Nov 17, 2021
The credit of Shares to Demat Account
Nov 18, 2021
IPO Listing Date
Nov 22, 2021
Sapphire Foods IPO GMP Live Rates with Kotak Rates Day by Day
The market lot size for the Sapphire Foods IPO is 12 shares. An individual retail investor can apply for up to 14 lots (168 shares or 198,240 rupees).
Application
Lots
Shares
Amount (Cut-off)
Maximum
14
168
₹198,240
Minimum
1
12
₹14,160
Sapphire Foods IPO Market Lot
Minimum Lot Size:
Minimum 12 Shares for 1 lot
Minimum Amount:
₹14,160 for 1 lot
Maximum Lot Size:
Maximum 168 Shares for 14 lot
Maximum Amount:
₹198,240 for 14 lot
Subscription Status for Sapphire Foods’ Initial Public Offering (Bidding Detail)
On November 9, 2021, 17:00, the Sapphire Foods IPO was 0.49 times subscribed. The retail category received 2.56 subscriptions, 0.02 in the QIB category, and 0.05 in the NII category. Check Subscription Details on a Day-by-Day Basis (Live Status).
Category
Subscription (times)
QIB
0.02
RII
2.56
NII
0.05
Total
0.49
Sapphire Foods IPO Promoter Holding
Pre Issue Share Holding
60.08%
Post Issue Share Holding
49.97%
Sapphire Foods IPO Reviews / Ratings
Dilip Davda
May apply
Axis Capital
Neutral
ICICI Securities
Neutral
IPO Lead Managers for Sapphire Foods
S. No.
IPO Lead Managers
1
IIFL Securities Ltd
2
ICICI Securities Limited
3
BofA Securities India Limited
4
JM Financial Consultants Private Limited
IPO Lead Manager Reports
S. No
IPO Lead Manager Reports
1
Lead Manager Performance Tracker
2
List of IPOs handled by a Lead Manager
Contact Information of the Company
The contact information of the company is given below:
