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Stay put in Sapphire Foods, as it trades at reasonable valuations to its peers
Sapphire Foods India has a better revenue per store compared to Devyani International.
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Decent listing: Sapphire Foods lists at 14.41% premium
Sapphire Foods opened for trading at Rs 1,350 on the NSE implying a premium of Rs 170 or 14.41% over its issue price of Rs 1,180 per share.
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Sapphire Foods India IPO subscribed 6.62 times
The issue received bids for 6.39 crore shares as against 96.63 lakh shares on offer.
