Sapphire Foods India IPO GMP History
Sapphire Foods India IPO has been listed on November 18, 2021 at a listing price of ₹1350, against the issue price of ₹1180 — a gain of ₹170 (+14.41%). The GMP peaked at ₹150 on 10 November 2021 and reached a low of ₹40 on 12 November 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sapphire Foods India IPO raised ₹2073.25 Cr. through its IPO at a price band of ₹1120 to ₹1180 per share, with a lot size of 12 shares. The IPO was open for subscription from 09 Nov 2021 to 11 Nov 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:27 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 17 Nov 2021 | ₹ 60 | ▲ | 5% | — | — |
| 15 Nov 2021 | ₹ 50 | — | 4% | — | — |
| 13 Nov 2021 | ₹ 50 | ▲ | 4% | — | — |
| 12 Nov 2021 | ₹ 40 | ▼ | 3% | — | — |
| 11 Nov 2021 | ₹ 80 | ▼ | 7% | — | — |
| 10 Nov 2021 | ₹ 150 | ▲ | 13% | — | — |
| 09 Nov 2021 | ₹ 120 | — | 10% | — | — |
| 08 Nov 2021 | ₹ 120 | — | 10% | — | — |
Sapphire Foods India IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 09 Nov 2021
- Close 11 Nov 2021
- Allotment 16 Nov 2021
- Refund/credit 17 Nov 2021
- Listing 18 Nov 2021
Sapphire Foods India IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹1180 |
|---|---|
| GMP-based estimate (pre-listing) | ₹1240 (+5.1%) |
| Listing gain / loss | +₹170 per share |
| Listing date | 18 Nov, 2021 |
| Actual listing price | ₹1350 (+14.41%) |
Is Sapphire Foods India IPO GMP reliable?
Grey market premium for Sapphire Foods India IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Sapphire Foods India IPO full review for a fundamentals-based assessment before making any grey market trades.
Sapphire Foods India IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Sapphire Foods India IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sapphire Foods India IPO
Sapphire Foods India Limited was incorporated as Samarjit Advisors Private Limited on 10 November 2009. It is Yum Brands' largest franchise operator in the Indian subcontinent by revenue in FY'20, and Sri Lanka's largest international quick service restaurant chain.
On 31 March 2021 it ran 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. Its restaurant count grew from 376 in 2019 to 437 in 2021.
It has an in-house supply chain function, runs warehouses in 5 Indian cities and uses Yum's global online and digital channels.
The IPO was Rs 2,073.25 crore and was entirely an offer for sale by promoters and investors, so the company received none of the money.
Frequently asked
What is the GMP of Sapphire Foods India IPO?
The current Grey Market Premium (GMP) of Sapphire Foods India IPO is ₹ 60.
What is the Kostak Price of Sapphire Foods India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sapphire Foods India IPO is not available.
What is the Subject to Sauda Price of Sapphire Foods India IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Sapphire Foods India IPO?
Sapphire Foods India IPO listed on November 18, 2021 at ₹1350, against the issue price of ₹1180 — a gain of +14.41%.
How did the GMP of Sapphire Foods India IPO trend before listing?
The GMP of Sapphire Foods India IPO was rising in its final days before listing. The GMP peaked at ₹150 on 10 November 2021. View the day-wise table above for the complete GMP history.
Explore Sapphire Foods India IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
