Sapphire Foods IPO vs Tarsons Products IPO

Comparision between Sapphire Foods IPO and Tarsons Products IPO.

IPO Details

Sapphire Foods IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tarsons Products IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Sapphire Foods IPO	Tarsons Products IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bofa Securities India Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited	Edelweiss Financial Services Ltd ICICI Securities Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sapphire Foods IPO is up to ₹2,073.25 Cr whereas the issue size of the Tarsons Products IPO is up to ₹1,023.47 Cr. The final issue price of Sapphire Foods IPO is ₹1,180.00 per share and of Tarsons Products IPO is ₹662.00 per share.

	Sapphire Foods IPO	Tarsons Products IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹1,120.00 per share	₹635.00 per share
Issue Price (Upper)	₹1,180.00 per share	₹662.00 per share
Issue Price (Final)	₹1,180.00 per share	₹662.00 per share
Discount (Retail)
Discount (Employee)		₹61.00 per share
Market Lot Size	12 shares	22 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹150.00 Cr
OFS Issue Size	1,75,69,941 shares	1,32,00,000 shares
OFS Issue Size (Amount)	up to ₹2,073.25 Cr	up to ₹873.84 Cr
Issue Size Total	1,75,69,941 shares
Issue Size Total (Amount)	up to ₹2,073.25 Cr	up to ₹1,023.47 Cr

IPO Timetable

Sapphire Foods IPO opens on Nov 09, 2021, while Tarsons Products IPO opens on Nov 15, 2021. The closing date of Sapphire Foods IPO and Tarsons Products IPO is Nov 11, 2021, and Nov 17, 2021, respectively.

	Sapphire Foods IPO	Tarsons Products IPO
Anchor Bid Date
Issue Open	Nov 09, 2021	Nov 15, 2021
Issue Close	Nov 11, 2021	Nov 17, 2021
Basis Of Allotment (Tentative)	Nov 16, 2021	Nov 23, 2021
Initiation of Refunds (Tentative)	Nov 17, 2021	Nov 24, 2021
Credit of Share (Tentative)	Nov 18, 2021	Nov 25, 2021
Listing date (Tentative)	Nov 18, 2021	Nov 26, 2021
Anchor Lockin End date 1	Dec 16, 2021	Dec 23, 2021
Anchor Lockin End date 2	Feb 14, 2022	Feb 21, 2022

Financials

Sapphire Foods IPO P/E ratio is , as compared to Tarsons Products IPO P/E ratio of .

Sapphire Foods IPO

Tarsons Products IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	30-Jun-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	13,710.76	13,088.66	13,489.37	13,806.64	15,674.72
Total Revenue	3,139.25	1,361.75	10,812.35	13,517.36	12,062.82
Profit After Tax	(264.03)	(751.73)	(998.97)	(1,592.47)	(694.04)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	31-Mar-21
Total Assets	3,647.74	2,959.50
Total Revenue	711.27	2,342.91
Profit After Tax	248.35	688.70

Promoter Shareholding (Pre-Issue)

60.08%

50.75%

Promoter Shareholding (Post-Issue)

49.97%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sapphire Foods IPO retail investors (RII) are offered 17,56,994 shares while in Tarsons Products IPO retail investors are offered 17,56,994 shares. Qualified institutional buyers (QIB) are offered 52,70,983 shares in Sapphire Foods IPO and 30,81,172 shares in Tarsons Products IPO.

	Sapphire Foods IPO	Tarsons Products IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	52,70,983 shares	30,81,172 shares
NII	26,35,491 shares	23,10,880 shares
RII	17,56,994 shares	53,92,052 shares
Employee	0 shares	60,000 shares
Others
Total	96,63,468 shares	1,08,44,104 shares

Bids Received (Subscription)

Sapphire Foods IPO subscribed 6.62x in total, whereas Tarsons Products IPO subscribed 77.49x.

	Sapphire Foods IPO	Tarsons Products IPO
QIB (times)	7.50x	115.77x
NII (times)	3.46x	184.58x
Big NII (times)
Small NII (times)
RII (times)	8.70x	10.56x
Employee (times)		1.83x
Other (times)
Total (times)	6.62x	77.49x

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