Check Sapphire Food share allotment status via registrar Link Intime India website Meanwhile, Mardwadi Financial Services had a ‘Subscribe’ rating citing reasonable valuations for QSR brand with a substantial market presence. “While valuation seems reasonable compared to peers, we are concerned about business profitability due to higher likelihood of continuing incurring losses in the coming fiscals,” they added. The brokerage firm said that at the higher price band, the issue is valued at P/S of 7.4x which is discount to peers such as Devyani international at P/S of 14.8x and peer average P/S of 12.8x. Institutions lap up Coal India shares with bids worth Rs 6,500 cr govt exercises green shoe optionĪnalysts have mixed views on the issue with those at Choice Broking advising caution on the issue. SFL operates 219 KFC stores and 188 Pizza Hut stores in India and more across Sri Lanka and Maldives. As of Sep 2021, the company operates 219 stores of KFC, around 261 stores of Pizza Hut and 2 stores of Taco Bell. The company has reported losses in the last three years with EBITDA margin of 12.2%. Sapphire Foods has seen its net sales fall from Rs 1,193 crore in financial year 2018-19 to Rs 1,019 crore in the previous fiscal year. The premium in grey market was down from Rs 120 earlier last week. In the unlisted space, the shares of Sapphire Foods were trading at a premium of Rs 85 per share from the IPO price of 1,180 apiece. The initiation of refund or the unblocking of ASBA account will take place today with shares being credited to investor accounts tomorrow. Sapphire Foods, a YUM Brands franchisee operator in India, Sri Lanka and Maldives, saw its Rs 2,073 crore IPO garner strong interest from investors, with the overall subscription tally reaching 6.62 times as all category of investors oversubscribed their portion of the issue. Sapphire Foods IPO allotment has been finalized by the company with the stock expected to debut on the bourses later next week.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |