Sapphire Foods IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Sapphire Foods IPO GMP Today, Sapphire Foods IPO Grey Market Premium Updates | Sapphire Foods IPO Listing Gain, Latest target, Opening gain

Sapphire Foods India Ltd initial public offer (IPO) is set to open for subscription on November 09 and close on November 11, after it received capital market regulator Sebi’s go-ahead to raise Rs 2073.25 crore through public issue.

Sapphire Foods India is YUM brand’s largest franchise operator in the Indian subcontinent in terms of revenue as of FY’20. It is also Sri Lanka’s largest international QSR chain in terms of revenue for FY’ 2021 and the number of restaurants operated as of March 31, 2021.

As of March 31, 2021, the company owned and operated 204 KFC restaurants in India and the Maldives, 231 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and 2 Taco Bell restaurants in Sri Lanka. The company’s total number of restaurants in the subcontinent region grew from 376 in 2019 to 437 in 2021.

Check out Sapphire Foods IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Sapphire Foods IPO Details:

Issuer Sapphire Foods India Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: NOV 09, 2021
Issue Closes: NOV 11, 2021
Price Brand ₹1120 to ₹1180 Per Share
Issue Size ₹2073.25 Cr
Face Value Rs.10 per Equity Share
Market Lot 12 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 10% of the issue size
Fresh Issue ₹  Cr
Offer for Sale ₹2073.25 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 17,569,941 Shares
Grey Market Price Sapphire Foods IPO GMP Today

Sapphire Foods IPO GMP Rates day by day

Sapphire Foods IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST
20 NOV 2021
19 NOV 2021
18 NOV 2021
17 NOV 2021 ₹ 75
16 NOV 2021 ₹70
15 NOV 2021 ₹68
14 NOV 2021 ₹60
13 NOV 2021 ₹23
12 NOV 2021 ₹55
11 NOV 2021 ₹55
10 NOV 2021 ₹140
09 NOV 2021 ₹120
08 NOV 2021 ₹125
07 NOV 2021 ₹120
06 NOV 2021 ₹120
05 NOV 2021 ₹110
04 NOV 2021 ₹110
03 NOV 2021 ₹100

Sapphire Foods IPO Market Lot:

 Lot Size:  Minimum 12 Shares & Maximum 168 Shares
 Minimum Amount:  ₹14160
 Maximum Amount: ₹198240

Sapphire Foods IPO Allotment & Listing:

 Basis of Allotment: Nov 16, 2021
 Refunds: Nov 17, 2021
 Credit to Demat Account: Nov 18, 2021
 Listing Date: Nov 22, 2021

How to Apply for Sapphire Foods IPO?

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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.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Sapphire Foods IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

Nykaa Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means Nykaa IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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