Sapphire Foods IPO subscription to start from November 09, Tuesday. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. The IPO subscription will close on November 11, 2021, Thursday. The company to raise ₹2073 crores via IPO at a price band of ₹1120 to ₹1180. The minimum bid for the IPO is 12 shares that cost ₹14,160 for l lot. The grey market looking stable around ₹100 to ₹125 level.
KFC and Pizza Hut operator Sapphire Foods is one of the largest restaurant operators in India. They operates over 250 KFC and Pizza Hut Stores in India and Sri Lanka. The company reported ₹1081 crores of revenues in 2021 against ₹1352 crores in 2020. The loss stood at ₹99.8 crores in 2021 compared to loss of ₹159.2 crores in 2020. Please check the Sapphire Foods IPO details over here.
IPOWatch View
We recommend investors to apply the IPO with long term view. Investors should look at the QIB and HNI numbers as well as Sapphire Foods grey market premium movement before investing. Check the Sapphire Foods IPO allotment status here.
Sapphire Foods IPO Subscription Status (Final Data)
(Over Subscribed)
The Sapphire Foods IPO subscribed 6.62x on day 3. The subscription comprises Qualified Institutional Buyer (QIB) 7.50x, Non-institutional Bidders (NII) 3.46x and Retail (RII) 8.70x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.02x | 0.03x | 7.50x |
| NII | 0.05x | 0.29x | 3.46x |
| RII | 2.56x | 5.38x | 8.70x |
| Total | 0.49x | 1.07x | 6.62x |
Sapphire Foods IPO Date & Price Band
| IPO Open: | 09 November 2021 |
| IPO Close: | 11 November 2021 |
| IPO Size: | Approx ₹2073 Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx 17,569,941 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹1120 to ₹1180 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
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 |
Sapphire Foods IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 01 November 2021 |
| Anchor Investors Allotment: | 08 November 2021 |
| IPO Open Date: | 09 November 2021 |
| IPO Close Date: | 11 November 2021 |
| Basis of Allotment: | 16 November 2021 |
| Refunds: | 17 November 2021 |
| Credit to Demat Account: | 18 November 2021 |
| IPO Listing Date: | 18 November 2021 |
Sapphire Foods IPO Subscription FAQs:
When Sapphire Foods IPO Subscription will start?
The IPO subscription starts on November 09, 2021 for QIB, NII, and Retail Investors.
How much Sapphire Foods IPO subscribed?
The IPO subscribed 6.62x times on day 3.
What is Sapphire Foods IPO Retail subscription status?
The RII subscription is 8.70x on day 3.
How to subscribe Sapphire Foods IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How to Apply the Sapphire Foods IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sapphire Foods”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Sapphire Foods IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sapphire Foods”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
How do i check live Sapphire Foods IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
