Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
Tata Steel 1118.00 (0.50%)
TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

Sapphire Foods India IPO - 7 Things to Know

Sapphire Foods India IPO - 7 Things to Know
by 5paisa Research Team 01/11/2021

The IPO of Sapphire Foods India opens on 09 November. Like Devyani International, which had raised money in the IPO market just a few months back, Sapphire Foods is also an operator franchisee of YUM Brands in the Indian sub-continent.
 

7 things to know about Sapphire Foods India IPO


1) Sapphire Foods India is the largest franchisee operator of YUM Brands in the Indian sub-continent in terms of annual revenues. Interestingly, Sapphire Foods India is also the largest QSR (quick service restaurant) chain in Sri Lanka.

The company operates a total of 231 Pizza Hut restaurants in India, Sri Lanka and Maldives. It also operates 204 KFC restaurants in India and Maldives and 2 Taco Bell restaurants in Sri Lanka.

2) The IPO which opens on 09-Nov and closes on 11-Nov will offer 175.70 lakh shares by way of an offer for sale (OFS). While the pricing is yet to be decided, the market reports are that the issue size could be in the range of Rs.1,500 crore to Rs.2,000 crore.

3) The basis of allotment of Sapphire Foods India will be finalized on 16-November while the refunds will be initiated on 17-November. The shares will be credited to the demat accounts of eligible shareholders on 18-November, while the IPO will list on 22-November on the BSE and NSE.

4) Since the issue will entirely be an OFS, there will be no fresh funds coming into the company. The Sapphire Foods India IPO is only intended to give partial exit to early investors, list the company on the bourses, get an indicative market valuation and use equity as a currency for inorganic growth in future.

5) The company is loss making due to the front ending of expansion and marketing costs. For FY21, Sapphire Foods India reported net losses of Rs(99.90cr) on revenues of Rs.1,081.24 crore. Even in the latest Jun-21 quarter, it has made losses of Rs.(-26.4cr).

6) Some of the major strengths that Sapphire Foods India brings to the table are size, delivery track record, exposure to touchpoint customer experience, strong quality control processes and an absolutely scalable business model.

7) The IPO of Sapphire Foods India will be lead managed by BOFA Securities, ICICI Securities, IIFL Securities and JM Financial. The company has appointed Link Intime India as the registrar to the IPO.

Sapphire Foods India has grown its total number of restaurants in the Indian sub-continent from 376 to 437 over the last two years and remains a strong play on the fast growing QSR market in India.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

HDFC Ltd and Tata Motors Ltd - Q2 Results

HDFC Ltd and Tata Motors Ltd - Q2 Results
by 5paisa Research Team 01/11/2021

Here is a quick look at the finer points of 2 large cap companies that announced their second quarter results on 01-November; HDFC and Tata Motors.
 

HDFC Ltd – Q2 Results


For the second quarter ended Sep-21, HDFC reported 13.23% growth in revenues at Rs.38,591 crore. This is consolidated including the insurance and asset management businesses too. Growth in the revenues was driven by the life insurance and general insurance business while the home finance core lending business grew just 4.3% as lower rates put pressure on the stock.

 

Rs in Crore

Sep-21

Sep-20

YOY

Jun-21

QOQ

Total Income (Rs cr)

₹ 38,590.84

₹ 34,082.97

13.23%

₹ 30,990.62

24.52%

Net Profit (Rs cr)

₹ 5,258.01

₹ 4,599.68

14.31%

₹ 5,041.17

4.30%

Diluted EPS (Rs)

₹ 28.80

₹ 25.99

 

₹ 27.64

 

Net Margins

13.63%

13.50%

 

16.27%

 

 

Net interest income or NII of the home finance business grew by 17% at Rs.8,255 crore. While the  spreads stood at 2.29%, the net interest margin or NIM was 3.6%. HDFC focuses on the low cost housing segment quite aggressively and for the first half, low cost housing disbursals grew 80%; accounting for 30% of new loans in volumes and 14% in value. 

HDFC Ltd made a net profit of Rs.5,258 crore for the quarter, up 14.3% on a YoY basis. The big thrust to operating profit of 32.3% came from the  lending business. While life and general insurance saw top line growth, their operating profits were flat to lower due to surge in claims paid out and higher provisions. 

The net profit margins at 13.63% was better than 13.50% in the Sep-20 quarter. This was helped by the cost to income ratio down from 8.5% to 8.2%. Capital adequacy was comfortable at 22.4%.


Tata Motors – Q2 Results


Tata Motors sales revenues were up 14.66% in the Sep-21 quarter at Rs.61,379 crore. This is the consolidated revenues from Tata Motors India and from JLR UK. The JLR wholesale sales were down -12.8% at 64,032 units and retails were down -18.4% at 92,710 units with pressure visible across most of the global markets.

 

Rs in Crore

Sep-21

Sep-20

YOY

Jun-21

QOQ

Total Income (Rs cr)

₹ 61,378.82

₹ 53,530.00

14.66%

₹ 66,406.45

-7.57%

Net Profit (Rs cr)

₹ -4,441.57

₹ -314.45

N.A.

₹ -4,450.92

N.A.

Diluted EPS (Rs)

₹ -11.60

₹ -0.87

 

₹ -11.62

 

Net Margins

-7.24%

-0.59%

 

-6.70%

 

 

The bottom line dipped into a net loss largely due to reasons like the microchip shortage, input inflation and inventory shortfalls. India domestic business of Tata Motors saw 77% volume growth at 1,62,400 units, while the order book of Jaguar Land Rover remained robust at a record 125,000 units.

Net loss for Sep-21 quarter at Rs-4,442cr was flat sequentially. JLR saw EBITDA margins fall by 380 bps to 7.3% while TML saw EBITDA margins improve by 130 bps to 3.9%. This translated into overall EBITDA margins of 8.4% for the quarter. On the positive side, the aggressive debt reduction program of TAMI has resulted in the debt/equity ratio of Tata Motors coming down from 1.78 to 1.52 levels on a year-on-year basis.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Nykaa IPO - Subscription Day 3

Nykaa IPO - Subscription Day 3
by 5paisa Research Team 01/11/2021

The Rs.5,352 crore IPO of FSN E-Commerce Ventures (Nykaa), consisting of a fresh issue of Rs.630 crore and an offer for sale or OFS of Rs.4,722 crore, was already oversubscribed on Day-1 itself. As per the combined bid details put out by the BSE at the close of Day-3, FSN E-Commerce Ventures (Nykaa) IPO was subscribed 81.78X overall, with heavy demand coming from the HNI segment and QIB segment. The issue has closed as on 01st November.

As of close of 01st November, out of the 264.85 lakh shares on offer in the IPO, FSN E-Commerce Ventures (Nykaa) saw bids for 21,659.47 lakh shares. This implies an overall subscription of 81.78X. The granular break-up of subscriptions was dominated by the HNIs and the QIB. On Monday, the QIB bids and NII bids gathered momentum as is the general trend in the IPO market.
 

Nykaa IPO Subscription Day-3
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

91.18 Times

Non Institutional Investors (NII)

112.02 Times

Retail Individuals

12.24 Times

Employees

1.88 Times

Overall

81.78 times

 

QIB Portion

The QIB portion of the IPO was subscribed 91.18 times at the end of Day-3. On 27 October, FSN E-Commerce Ventures (Nykaa) did an anchor placement of 212.96 lakh shares at the upper end of the price band of Rs.1,125 to 174 anchor investors raising Rs.2,396 crore.

The list of QIB investors including a number of marquee names like Blackrock, Fidelity, Government of Singapore, ADIA, MAS, T Rowe Price, Aberdeen, Goldman Sachs, SBI MF, HDFC MF, ICICI Pru MF, Kotak MF, Tata MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 143.53 lakh shares of which it has got bids for 13,086.13 lakh shares, implying a subscription ratio of a healthy 91.18X for QIBs at the close of Day-3. QIB bids typically get bunched on the last day and that was evident in the Nykaa issue.

HNI / NII Portion

The HNI portion got subscribed 112.02X (getting applications for 7,986.81 lakh shares against the quota of 71.30 lakh shares). This is a solid response on Day-3 with this segment seeing maximum response bunched on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day of the IPO.

Retail Individuals

The retail portion was subscribed a robust 12.24X at the end of Day-3, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 47.53 lakh shares on offer, valid bids were received for 581.83 lakh shares, which included bids for 455.08 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.1,085-Rs1,125) and has closed for subscription on 01st November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Fino Payments Bank IPO - Subscription Day 2

Fino Payments Bank IPO - Subscription Day 2
by 5paisa Research Team 01/11/2021

The Rs.1,200 crore IPO of Fino Payments Bank, consisting of a fresh issue of Rs.300 crore and an offer for sale (OFS) of Rs.900 crore, continued to see a tepid response on Day-2. As per the combined bid details put out by the BSE at the end of Day-2, Fino Payments Bank IPO was subscribed 0.87X overall, with bulk of the demand coming purely from the retail segment which saw a robust oversubscription. The issue closes on 02nd November.

As of close of 01st November, out of the 114.65 lakh shares on offer in the IPO, Fino Payments Bank saw bids for 99.91 lakh shares. This implies an overall subscription of 0.87X. The granular break-up of subscriptions were tilted in favour of retail investors with HNIs and QIBs hardly participating on the first two days of the IPO. QIB bids and NII bids typically come in only on the last day of the IPO.
 

Fino Payments Bank IPO Subscription Day-2

 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.00 Times

Non Institutional Investors (NII)

0.10 Times

Retail Individuals

4.65 Times

Employees

0.56 Times

Overall

0.87 times

 

QIB Portion

The QIB portion of the IPO saw negligible subscription at the end of Day-2 also. On 28 October, Fino Payments Bank did an anchor placement of 93,37,641 lakh shares at the upper end of the price band of Rs.577 to 29 anchor investors raising Rs.539 crore.

The list of QIB investors including a number of marquee names like Fidelity, HSBC Global, Pinebridge, Birla Mutual, Tata MF, SBI Life, Invesco, BNP Paribas and Societe Generale; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 62.25 lakh shares of which it has got negligible bids for shares on Day-2 of the IPO. QIB bids typically get bunched on the last day, but anchor response has been robust and that is good news.

HNI / NII Portion

The HNI portion got subscribed 0.10X (getting applications for 3.10 lakh shares against the quota of 31.13 lakh shares). This is a relatively tepid response on Day-2 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better. 

Retail Individuals

The retail portion was subscribed a robust 4.65X at the end of Day-2, showing strong retail appetite. Retail allocation for this IPO is 35% of the offer size. For retail investors; out of the 20.75 lakh shares on offer, valid bids were received for 96.51 lakh shares, which included bids for 77.35 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.560 – Rs577) and will close for subscription on 02nd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Policybazaar IPO - Subscription Day 1

Policybazaar IPO - Subscription Day 1
by 5paisa Research Team 01/11/2021

The Rs.5,625 crore IPO of PB Fintech (Policybazaar & Paisabazaar), consisting of a fresh issue of Rs.3,750 crore and an offer for sale (OFS) of Rs.1,875 crore, saw a decent response on Day-1. As per the combined bid details put out by the BSE, PB Fintech (Policybazaar & Paisabazaar) IPO was subscribed 0.54X overall, with bulk of the demand coming from the retail segment followed by the QIBs. The issue closes on 03rd November.

As of close of 01st November, out of the 345.12 lakh shares on offer in the IPO, PB Fintech (Policybazaar & Paisabazaar) saw bids for 185.60 lakh shares. This implies an overall subscription of 0.54X. The granular break-up of subscriptions were tilted in favour of retail investors with QIBs participating on the first day of the IPO in a much smaller way. QIB bids and NII bids typically come in only on the last day of the IPO.
 

PB Fintech (Policybazaar & Paisabazaar) IPO Subscription Day-1

 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.56 Times

Non Institutional Investors (NII)

0.06 Times

Retail Individuals

1.18 Times

Employees

N.A.

Overall

0.54 times

 

QIB Portion

The QIB portion of the IPO saw 0.56X subscription at the end of Day-1. On 29 October, PB Fintech (Policybazaar & Paisabazaar) did an anchor placement of 2,62,18,079 lakh shares at the upper end of the price band of Rs.980 to 155 anchor investors raising Rs.2,569 crore.

The list of QIB investors including a number of marquee names like Goldman Sachs, Nomura, Blackrock, Morgan Stanley, Canadian Pensions, Fidelity, ADIA, ICICI Pru MF, SBI MF, Axis MF, UTI MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 193.30 lakh shares of which it has got bids for 107.77 lakh shares on Day-1 of the IPO. QIB bids typically get bunched on the last day, but anchor response has been robust and that is good news for the QIB response in the coming days.

HNI / NII Portion

The HNI portion got subscribed 0.06X (getting applications for 5.91 lakh shares against the quota of 91.10 lakh shares). This is a relatively tepid response on Day-1 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better. 

Retail Individuals

The retail portion was subscribed a robust 1.18X at the end of Day-1, showing strong retail appetite. Retail allocation for this IPO is 10% of the offer size. For retail investors; out of the 60.73 lakh shares on offer, valid bids were received for 71.92 lakh shares, which included bids for 59.23 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.940 – Rs980) and will close for subscription on 03rd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

SJS Enterprises Ltd IPO - Subscription Day 1

SJS Enterprises Ltd IPO - Subscription Day 1
by 5paisa Research Team 01/11/2021

The Rs.800 crore IPO of SJS Enterprises Ltd, consisting entirely of offer for sale (OFS) of Rs.800 crore, saw a tepid response on Day-1. As per the combined bid details put out by the BSE, SJS Enterprises Ltd IPO was subscribed just 0.32X overall, with bulk of the demand coming from the retail segment which saw robust activity on the first day. The issue closes on 03rd November.

As of close of 01st November, out of the 105.46 lakh shares on offer in the IPO, SJS Enterprises Ltd saw bids for 34.05 lakh shares. This implies an overall subscription of 0.32X. The granular break-up of subscriptions were tilted in favour of retail investors with HNIs and QIBs hardly participating on the first day of the IPO. QIB bids and NII bids typically come in only on the last day of the IPO.
 

SJS Enterprises IPO Subscription Day-1
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.00 Times

Non Institutional Investors (NII)

0.01 Times

Retail Individuals

0.64 Times

Employees

N.A.

Overall

0.32 times

 

QIB Portion

The QIB portion of the SJS Enterprises IPO saw nil subscription at the end of Day-1. On 29th October, SJS Enterprises Ltd did an anchor placement of 44,28,023 lakh shares at the upper end of the price band of Rs.542 to 18 anchor investors raising Rs.240 crore.

The list of QIB investors including a number of marquee names like Tara Emerging Asia, Societe Generale, Nomura, Goldman Sachs, Citigroup, Axis MF, Franklin Templeton MF, Aditya Birla Sun Life Insurance, Edelweiss, Avendus; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 30.13 lakh shares of which it has got bids for Nil shares on Day-1 of the IPO. QIB bids typically get bunched on the last day, but anchor response has been robust and that is good news.
    

HNI / NII Portion

The HNI portion got subscribed 0.01X (getting applications for 0.31 lakh shares against the quota of 22.60 lakh shares). This is a very tepid response on Day-1 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better.

Retail Individuals

The retail portion was subscribed a robust 0.64X at the end of Day-1, showing strong retail appetite. Retail allocation for this IPO is 35% of the offer size. For retail investors; out of the 52.73 lakh shares on offer, valid bids were received for 33.75 lakh shares, which included bids for 27.35 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.531 – Rs542) and will close for subscription on 03rd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order