Sapphire Foods, which runs popular fast food chains KFC, Pizza Hut and Taco Bell in India, Sri Lanka and Maldives, recently closed its initial public offering or IPO amid muted investor response. On the last day of bidding, Sapphire Foods The public offering got subscribed only 6.62 times, which is less than the performance of the recent IPO. Bids were received for 6,39,45,000 shares as against 96,63,468 shares in the Rs 2,073 crore IPO, according to data available on the Bombay Stock Exchange (BSE). NS IPO It is likely to be listed on the Bombay Stock Exchange and the National Stock Exchange on November 19, which is next week.
The portion reserved for them has been booked 8.7 times. Qualified institutional investors have so far bid only 7.5 times their quota of shares. Non-institutional investors bought shares at 3.46 times their stake. The IPO of Sapphire Foods was booked 1.07 times on the second day of subscription, mainly with support from retail investors.
Sapphire Foods IPO Details, Price
Sapphire Foods is planning to raise Rs 2,073 crore through an IPO that opened on Tuesday. The operator has fixed the price band for the initial public offering (IPO) at Rs 1,120 to Rs 1,180 per equity share. The company raised Rs 933 crore from anchor investors in the upper price band.
According to reports, QSR Management Trust sold 8.50 lakh shares, while Sapphire Foods Mauritius sold 55.69 lakh shares. While WWD Ruby held 48.46 lakh shares and Amethyst 39.62 lakh shares.
“The IPO is valued at 60.2x FY21 EV/EBITDA and 7.3x FY21 EV/Sales, which
Looks at a slight discount in comparison to the recently listed Devyani
International, which appears to be justified on account of better margin profile of
Devayani. Fast food culture expected to flourish in India under QSR
Growth in working class population and continued urbanization,” noted Reliance Securities, giving it a ‘membership’ rating.
Sapphire Foods IPO GMP Today
According to IPO Watch, unlisted shares of Sapphire Foods are trading at Rs 1,240 in the gray market. Hence, the IPO gray market premium of Sapphire Foods as on Friday, November 11 was Rs 60.
How to Check Sapphire Foods IPO
To check Sapphire Foods IPO allotment status, investors can opt for one of two methods – a) through BSE b) through the website of the registrar. Once finalised, ineligible investors will get their refund by November 20, while the equity shares will be credited to the demat accounts of eligible investors the next day on November 21.
How to Check Sapphire Foods Status of IPO Allotment through BSE
a) Visit the official website of BSE or Bombay Stock Exchange. The link is (https://www.bseindia.com/investors/appli_check.aspx)
b) It will take you to a page named ‘Status of Issue Application’.
c) After visiting the page click on ‘Equity’ option
d) From the drop down menu which will be displayed next to the name of the issue, select the option ‘Sapphire Foods India Limited’.
e) Write your application number on the page
f) After that enter your Permanent Account Number or PAN
g) Click on the captcha that says ‘I am not a robot’ and click on submit
How to check Neelam Foods IPO Allotment Status through Registrar’s website (Link Intime India Services Pvt Ltd)
a) Visit the website of Link Intime India Private Limited through URL (https://www.linkintime.co.in/MIPO/Ipoallotment.html).
b) From here you have to choose one of the three available servers
c) Select the name of the IPO through the dropdown menu. Name will be filled only when the share allotment process is finalized
d) You need to choose to enter your Permanent Account Number
e) Click on search option
f) After this your allotment status will appear
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