Sapphire Foods IPO allotment check: Follow these steps on BSE, Link Intime to know the status

Sapphire Foods, an omni-channel restaurant operator and the largest franchisee of Yum Brands in the Indian sub-continent, closed its share sale on Thursday. The three-day IPO, which opened on November 9, closed on Thursday with 6.62 times subscription on the final day of bidding till 5 pm. The Rs 2,073-crore IPO received bids for 6,39,45,000 shares against 96,63,468 shares on offer, according to the data available on the Bombay Stock Exchange (BSE).  

The retail investors subscribed the issue most as retail portion saw 8.7 times booking. This was followed by qualified institutional buyers at 7.5 times and non-institutional investors quota was subscribed 3.46 times on the last day of the initial share-sale.

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Those who want to know how to check Sapphire Foods IPO allotment status can do it by two ways—one through BSE official website and the other through registrar's website. Sapphire Foods registrar is Link Intime India Private Limited. Here is the details how-to-check the process:  

Sapphire Foods IPO Allotment Status Check on BSE
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.  
Step 2: Select ‘equity’ option and then issue name – ‘Sapphire Foods’ from the dropdown
Step 3: Enter your application number and PAN card number.  
Step 4: Check 'I am not a robot' and hit submit to know the status.

2. Check Allotment Status on Registrar’s Website—Link Intime India Private Limited.
Sep 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html  
Step2: On this page enter issue name, which is Sapphire Foods India Limited, once activated
Step 3: Enter Pan Card details
Step 4: Proceed to next step and enter application number and finally client ID
Step5: After filling all the boxes with right details, hit submit to know the allotments status.

The company had fixed price band of Rs 1,120-1,180 per equity share for this offer. The initial public offering is expected to raise Rs 2,073 crore.  

The IPO is an entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders. As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Amethyst will offer 39.62 lakh shares. In addition, AAJV Investment Trust will sell 80,169 shares, Edelweiss Crossover Opportunities Fund will offload 16.15 lakh shares and Edelweiss Crossover Opportunities Fund-Series II will divest 6.46 lakh shares.  
Zee Business Managing Editor Anil Singhvi had recommended to apply for this issue with long-term vision. "The company has strong brands like KFC and Pizza Hut under its belt. Besides, impressive track record, strong growth potential, profitable at operational level and reasonable valuations would work for this IPO, said Anil Singhvi," he said, while recommending the issue.