Initial Public Offering (IPO) of Sapphire FoodsThe company that runs restaurant chains like KFC, Pizza Hut and Taco Bell in India has recently closed down. share allotment of Neelam Foods IPO The public issue is likely to be held on Tuesday, November 16, five days after the close. The offer has received muted response from investors, on the last day of bidding, Neelam Foods Public Offer was subscribed only 6.62 times, which is less than the performance of the recent IPO. The IPO will be listed on the Bombay Stock Exchange and the National Stock Exchange, most likely on November 19, which is this 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 Price, Valuation
Sapphire Foods plans to raise Rs 2,073 crore through a public offering. The first issue is purely an Offer for Sale (OFS) by the promoters and investors. The IPO price band of Sapphire Foods was fixed at Rs 1,120-1,180 per share. The company raised Rs 933 crore from anchor investors in the upper price band. On IPO valuation of Sapphire Foods, Angel One said, “In terms of valuation, EV/sales works out to 7.4x (at the upper end of the issue price band) after FY2011, which is lower than Devyani International . (FY 21 EV/Sales -16.3x).”
Sapphire Foods IPO GMP Today
According to IPO Watch, unlisted shares of Sapphire Foods are trading at Rs 1,260 in the gray market. Hence, on Monday, November 15, the IPO gray market premium of Sapphire Foods was also Rs 80.
How to Check Neelam Foods IPO Allotment Status
The IPO allocation status of Sapphire Foods will be disclosed on Tuesday, November 16. Investors can check the status of their application in two ways – 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 Neelam Foods IPO Allotment Status 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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