Sapphire foods company details?

Question: Sapphire foods company details?

Sapphire is an Indian food company, counted among the largest Kanpur companies in India. The IPO of this company is going on at present, this IPO will be from November 9 to November 11. In this you must take at least 12 shares, and you can invest at least ₹ 13440 in it, you cannot invest less than that. This food company had sales of 111 crores in 2020, and in 2021, sales of 303 crores have been done by this company. If it is seen from our opinion, then investing in this company can be a loss-making deal, because it has 409 crores, but it has 672 crores loans. So that because of the huge amount of loan with him and the constant withholding, there is a possibility that you can make losses in it.