Sapphire Food India Limited IPO: Check IPO Details, Date, Price | Espresso



November 03, 2021

SAPPHIRE FOODS INDIA LIMITED is coming out with a fresh public issue to raise Rs 2,073 crores from the market.

Key details of the issue:

  • Issue opens – Nov 09 (Tuesday)
  • Issue closes – Nov 11 (Thursday)
  • Issue size – Rs 2,073 crores
  • Price band – Rs 1,120 to 1,180 per equity share
  • Bid lot – 12 shares and in multiples thereof

And here are some details of the company and further details on the SAPPHIRE FOODS INDIA LIMITED issue

Company details:

·        Sapphire Foods India Limited is one of YUM’s franchisee operators in the Indian subcontinent. They are also Sri Lanka’s largest international QSR chain, in terms of revenue for the financial year 2021, and number of restaurants operated as of March 31, 2021 (with 68 restaurants representing 39% of the total number of outlets in the market) (Source: Technopak Report).

·        They have also established a presence in the Maldives. As of June 30, 2021, they 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. In 2020, KFC, Pizza Hut and Taco Bell recorded system sales worldwide of US$26.2 billion, US$11.9 billion and US$11.7 billion, respectively (Source: Technopak Report).

·        They operate their restaurants in high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part of their brand and food category expansion.

·        They have a dedicated business development and projects team and a well-defined new-restaurant roll-out process that enable them to identify new locations, build out restaurants quickly and efficiently operate with optimal trained manpower to achieve their targeted level of sales for their restaurants. Their total number of restaurants in the Territories grew from 376 restaurants as of March 31, 2019 to 450 restaurants as of June 30, 2021.

·        They have an in-house supply chain function, and they work with their vendor partners for food ingredients, packaging, warehousing and logistics with the goal of providing their restaurants with the optimum level of inventory at the highest level of quality in a standardised and cost efficient manner. They operate warehouses across five cities in India to service their restaurants in India, and have invested in building technology solutions including a restaurant-level SAP enterprise resource planning (“ERP”) system and POS software solutions in their restaurants. They have also adopted YUM’s global online and digital channel solutions to enhance customer experience in both their physical and digital restaurants and achieve operating efficiency and financial controls within their organization.

Issue size:

Rs 2,073 crores

Issue break-up:

  • QIB – 75% of the offer – Rs 1555 crores
  • NIB – 15% of the offer – Rs 311 crores
  • RET – 10% of the offer – Rs 207 crores




Link Intime India Private Limited


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