IPO update: Sapphire Foods

Sapphire Foods came out with its IPO about five months ago, and you can find our detailed analysis of the issue. In this update, we will look at the company's market performance and business performance post issue. Our analysis of the IPO We gave a score of 15 out of 27 to this quick-service restaurant (QSR) operator. Sapphire Foods is a franchisee of Yum! Brands (a US company). It operates three international brands: KFC, Pizza Hut, and Taco Bell. Sapphire Foods is the largest global QSR chain in Sri Lanka. As of December 2021, the company owns and operates 250 KFC and 209 Pizza Hut restaurants in India, 84 Pizza Hut and 5 Taco Bell restaurants in Sri Lanka and 1 KFC and 1 Pizza Hut restaurant in the Maldives. In total, the company operates 560 restaurants. Our rating for Sapphire Foods was based on the following factors: Out of the 11 business metrics, the company did well on four. It scored five out of six on management-quality-related metrics. The company cleared five out of eight financial metrics. It cleared one valuation-related metric. Stock performance since listing Sapphire Foods saw a great response