Devyani International Limited
IPO Details
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Company Fin.
₹59(65.56%)
Premium (ELP)
Devyani International Limited's achieved publicly listed status following its IPO debut on Aug 16, 2021 at the NSE, BSE platform. The offering successfully mobilized 20,42,22,218 Shares, with 4,88,88,888 Shares allocated to corporate growth initiatives and ₹1398.00 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹86 to ₹90, starting from minimum lots of 165 shares. The subscription window from Aug 04, 2021 through Aug 06, 2021 enabled investor participation across market segments.
Share allocation was completed on Aug 11, 2021, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1991, Devyani International Ltd is one of India’s largest quick-service restaurant (QSR) chain operators and the biggest franchisee of Yum Brands, operating 655 stores across 155 cities as of March 31, 2021. The company manages three business verticals: Core Brands, including KFC, Pizza Hut, and Costa Coffee stores in India; International Business, with stores in countries like Nepal and Nigeria; and Other Businesses, featuring its own branded outlets such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar. Starting with a single Pizza Hut store in Jaipur, the company has expanded significantly, operating 264 KFC stores, 297 Pizza Hut stores, and 44 Costa Coffee stores in India as of March 2021.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Well-Known Brands: Offers a portfolio of popular QSR brands.
- Largest Yum Franchisee: Leading franchisee of Yum Brands in India.
- Cross-Brand Synergies: Leverages multiple brands for operational efficiency.
- Disciplined Finances: Strong focus on cash flow management.
- Extensive Store Network: Operates 264 KFC, 297 Pizza Hut, and 44 Costa Coffee outlets.
NA
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