Sapphire Foods IPO GMP Today, Live IPO Grey Market Premium 2021

Sapphire Foods IPO GMP is very attractive to date. Here in the below tables, you can check Sapphire Foods IPO GMP, Kostak, and Subject rates. Grey Market premium for Sapphire Foods is around ₹70.

The Sapphire Foods IPO will hit the market soon, and you can apply for the IPO from 9th November to 11th November 2021. Sapphire Foods is planning to raise ₹2,073.25 Crores through an IPO which consists of an OFS (Offer For Sale) of ₹2,073.25 by existing shareholders.

Sapphire Foods is the biggest operator of the YUM brands franchise in terms of revenue. It’s also Sri Lanka’s international QSR chain in terms of revenue as of FY21, Their core brands are KFC, Pizza Hut, Taco Bell, The Habit Burger Grill, and WingStreet which are very popular in India. In total, they have 204 stores of KFC, 231 stores of Pizza Hut in India, Maldives, and Sri Lanka till March 2021. With these brands, they are operating in India, Maldives, and Sri Lanka.

Latest Sapphire Foods IPO GMP- 

Sapphire Foods IPO GMP table is updated every day to give you the exact grey market premium for Sapphire Foods IPO.

DateIPO GMP Kostak RatesSubject to Sauda
11/11/2021 ₹65
10/11/2021 ₹130
9/11/2021 ₹120
8/11/2021 ₹100

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Sapphire Foods IPO GMP

Should you subscribe to Sapphire Foods IPO?

We have researched and mentioned the strengths and risks of the Sapphire Foods IPO. The final verdict will help you make the right decision.

Strength – 

  • YUM’s largest franchise operator in India in terms of revenue.
  • One of the largest franchise operators in the Indian market.
  • Sri Lanka’s Largest QSR chain.
  • Scalable business model.

Risks –

  • Profitability not achieved till the date.
  • Developing a store network comes with a risk of leasing real estate.

Honest Reviews – 

According to the financial details of Sapphire Foods (revenue and net profit after tax), the issue of the offer doesn’t seem too appealing since the company is not profitable. Also the cost in making the store network is large as compared to ROI in such businesses. We need to observe the financials of Sapphire Foods for some quarters to decide our investment strategy.

Investors can invest for the listing gains in the Sapphire Foods IPO. It’s early to predict but Sapphire Foods IPO can give great listing gains. You can keep a track of Sapphire Foods IPO GMP here.

Sapphire Foods IPO Dates & Price Band:

Open date9th November 2021
Close date11th November 2021
Total Size of IPO₹2,073.25 Cr.
Fresh Issue N/A
Offer for Sale ₹2,073.25 Cr.
Price Band₹1120- ₹1180
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Sapphire Foods IPO Market Lot:

The minimum market lot of Sapphire Foods IPO is 12 shares with 14,160 applications. Retail investors can apply for 13 lots with 168 shares application worth198,240.

ApplicationLotSharesCut Off Amount
Minimum (RII)11214,160
Maximum (NII)13168198,240

Sapphire Foods IPO Allotment & Listing Dates:

Sapphire Foods IPO’s open date is 9th November and the closing date is 11th November. Allotment of shares will be done on 16th November and the listing date on NSE & BSE is 22nd November 2021.

Allotment Date for Sapphire Foods – 16th November 2021
Refund Date for Sapphire Foods – 17th November 2021
Credit of Shares to Demat Account – 18th November 2021
Listing Date for Sapphire Foods – 22nd November 2021

Sapphire Foods IPO GMP FAQs:

What is the Sapphire Foods IPO GMP today?

Sapphire Foods IPO GMP is 65 as of today.

What is the last date to apply for Sapphire Foods IPO?

9th November 2021 is the last date to apply for Sapphire Foods IPO.

What is Kostak Rates of Sapphire Foods IPO today?

Sapphire Foods IPO Kostak Rates is as of today.

Will Sapphire Foods IPO GMP increase?

It’s too early to say that but we can expect a good premium on Sapphire Foods IPO.

Can Sapphire Foods give listing gains?

Investors can invest for the listing gains in the Sapphire Foods IPO. It’s early to predict but Sapphire Foods IPO can give great listing gains by seeing its grey market premium. You can keep a track of Sapphire Foods IPO GMP here.

What is Sapphire Foods IPO expected returns?

Seeing the current grey market premium for Sapphire Foods IPO, expected returns are up to 80%.

How to Apply the Sapphire Foods IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sapphire Foods Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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