Devyani International Limited IPO
Incorporated in 1991, Devyani International Limited is one of India’s largest quick-service restaurant (QSR) chains, with 655 locations across 155 cities as of 31 March 2021. Yum Brands Inc owns brands such as Taco Bell, Burger King, Hardee’s, and Burger King. Taco Bell, KFC, and Pizza Hut are all branded restaurants.
The company operates three business verticals: 1. India Core Brands (KFC, Pizza Hut, Costa Coffee stores), 2. 2. International Business (stores in foreign countries, such as Nepal and Nigeria), and 3. Other Businesses (own branded stores i.e. Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar).Initially, the business started with a Pizza Hut store in Jaipur but subsequently expanded operations in both KFC and Pizza hut, as of March 31, 2021, it operates 264 KFC stores, 297 Pizza Hut stores, and 44 Costa Coffee stores in India.
- The product portfolio of well-known QSR brands.
- Yum Brands’ largest franchisee in India.
- The synergy between two brands provides a competitive advantage.
- A disciplined approach to financial management with a strong focus on cash flow management.
- Strong store network, with 264 KFC restaurants, 297 Pizza Hut restaurants, and 44 Costa coffee restaurants.
Objects of the Issue:
- Paying off and/or prepaying the company’s borrowings in full or in part.
- The general purposes of the corporation.
Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoters.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||(813.24)||(787.52)||(592.90)|
Devyani International IPO Tentative Timetable:
The Devyani International IPO open date is Aug 4, 2021, and the close date is Aug 6, 2021. The issue may list on Aug 16, 2021.
|IPO Open Date||Aug 4, 2021|
|IPO Close Date||Aug 6, 2021|
|Basis of Allotment Date||Aug 11, 2021|
|Initiation of Refunds||Aug 12, 2021|
|Credit of Shares to Demat Account||Aug 13, 2021|
|IPO Listing Date||Aug 16, 2021|
Devyani International IPO Lot Size:
The Devyani International IPO market lot size is 165 shares. A retail-individual investor can apply for up to 13 lots (2145 shares or ₹193,050).
Devyani International IPO Details:
|IPO Opening Date||Aug 4, 2021|
|IPO Closing Date||Aug 6, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per equity share|
|IPO Price||₹86 to ₹90 per equity share|
|Market Lot||165 Shares|
|Min Order Quantity||165 Shares|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹1|
(aggregating up to ₹1,838.00 Cr)
|Fresh Issue||[.] Eq Shares of ₹1|
(aggregating up to ₹440.00 Cr)
|Offer for Sale||155,333,330 Eq Shares of ₹1|
(aggregating up to ₹1,398.00 Cr)
Devyani International IPO Reviews:
Sorry, we couldn’t find any reviews, please check back later.
Devyani International IPO Promoter Holding:
|Pre Issue Share Holding||75.79%|
|Post Issue Share Holding||67.99%|
Company Contact Information:
Devyani International Limited
F-2/7, Okhla Industrial Area,
Phase-I, New Delhi 110 020
Phone: 011 4170 6720
Devyani International IPO FAQs
Devyani International IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹1,838.00 Crores. The issue is priced at ₹86 to ₹90 per equity share. The minimum order quantity is .
The IPO opens on Aug 4, 2021, and closes on Aug 6, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Devyani International IPO opens on Aug 4, 2021 and closes on Aug 6, 2021.
Devyani International IPO lot size is 165 Shares and the minimum order quantity is 165 Shares.
You can apply in Devyani International IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Devyani International IPO will be done on Aug 11, 2021, and the allotted shares will be credited to your demat account by Aug 13, 2021. Check the Devyani International IPO allotment status.
Read article about Nuvoco Vistas Corporation Ltd IPO.