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.

devyani international limited ipo

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.

Competitive strengths:

  • 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.

Company Promoters:

Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
Total Assets16,684.0718,835.7618,074.90
Total Revenue11,988.9515,350.4113,236.83
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 DateAug 4, 2021
IPO Close DateAug 6, 2021
Basis of Allotment DateAug 11, 2021
Initiation of RefundsAug 12, 2021
Credit of Shares to Demat AccountAug 13, 2021
IPO Listing DateAug 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).

ApplicationLotsSharesAmount (Cut-off)

Devyani International IPO Prospectus:

Devyani International IPO Details:

IPO Opening DateAug 4, 2021
IPO Closing DateAug 6, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price₹86 to ₹90 per equity share
Market Lot165 Shares
Min Order Quantity165 Shares
Listing AtBSE, 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 Sale155,333,330 Eq Shares of ₹1
(aggregating up to ₹1,398.00 Cr)

Devyani International IPO Registrar:

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Devyani International IPO Reviews:

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Devyani International IPO Promoter Holding:

Pre Issue Share Holding75.79%
Post Issue Share Holding67.99%

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

What is Devyani International IPO?

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.

When Devyani International IPO will open?

The Devyani International IPO opens on Aug 4, 2021 and closes on Aug 6, 2021.

What is the lot size of Devyani International IPO?

Devyani International IPO lot size is 165 Shares and the minimum order quantity is 165 Shares.

How to apply for Devyani International IPO?

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 ZerodhaUpstox5PaisaEdelweissICICI BankHDFC Bank and SBI Bank.

When Devyani International IPO allotment?

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.

When is Devyani International IPO listing date?

The Devyani International IPO listing date is not yet announced. The tentative date of Devyani International IPO listing is Aug 16, 2021.

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