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Devyani International IPO is a book built issue of Rs 1,838.00 crores. The issue comprises of fresh issue of Rs 440.00 crore and offer for sale of 15.53 crore shares.
Devyani International IPO bidding started from August 4, 2021 and ended on August 6, 2021. The allotment for Devyani International IPO was finalized on Wednesday, August 11, 2021. The shares got listed on BSE, NSE on August 16, 2021.
Devyani International IPO price band is set at ₹86 to ₹90 per share. The minimum lot size for an application is 165 Shares. The minimum amount of investment required by retail investors is ₹14,850.
Clsa India Private Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Devyani International IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Devyani International IPO RHP for detailed information.
| IPO Date | August 4, 2021 to August 6, 2021 |
| Listing Date | August 16, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹86 to ₹90 per share |
| Lot Size | 165 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,838.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹440.00 Cr) |
| Offer for Sale | 155,333,330 shares of ₹1 (aggregating up to ₹1,398.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 1,153,634,990 |
| Share holding post issue | 1,202,523,878 |
Devyani International IPO offers 112,569,719 shares. 61,101,666 (54.28%) to QIB, 30,550,832 (27.14%) to NII, 20,367,221 (18.09%) to RII, 550,000 (0.49%) to employees. 123,437 RIIs will receive minimum 165 shares and (sNII) and (bNII) will receive minimum 2,310 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 61,101,666 (54.28%) | NA |
| NII (HNI) Shares Offered | 30,550,832 (27.14%) | |
| Retail Shares Offered | 20,367,221 (18.09%) | 123,437 |
| Employee Shares Offered | 550,000 (0.49%) | NA |
| Total Shares Offered | 112,569,719 (100%) |
Devyani International IPO opens on August 4, 2021, and closes on August 6, 2021.
| IPO Open Date | Wednesday, August 4, 2021 |
| IPO Close Date | Friday, August 6, 2021 |
| Basis of Allotment | Wednesday, August 11, 2021 |
| Initiation of Refunds | Thursday, August 12, 2021 |
| Credit of Shares to Demat | Friday, August 13, 2021 |
| Listing Date | Monday, August 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2021 |
Investors can bid for a minimum of 165 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2145 | ₹193,050 |
| Lot Size Calculator | |||
Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoter.
| Share Holding Pre Issue | 75.79% |
| Share Holding Post Issue | 67.99% |
Incorporated in 1991, Devyani International Ltd is the largest franchisee of Yum Brands and among the largest quick-service restaurants (QSR) chain operators in India with 655 stores across 155 cities all over the country as of Mar 31, 2021. Yum Brands Inc operates many fast food brands i.e. Pizza Hut, KFC, and Taco Bell brands.
It operates 3 business verticals; 1. Core Brands (KFC, Pizza Hut, and Costa Coffee stores in India), 2. International Business (stores in foreign countries i.e. 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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 16,684.07 | 18,835.76 | 18,074.90 | ||
| Total Revenue | 11,988.95 | 15,350.41 | 13,236.83 | ||
| Profit After Tax | (629.87) | (1,214.18) | (941.44) | ||
[Dilip Davda] Indiaââ‚-â„¢s stock markets are getting matured to match the global market's behaviour. The recent saga of Zomato may see a re-run of history for this food segment loss-making enterprise that has been on its footprint expansion mode. Though the financial parameters and negative P/E is not on the radar for this issue, it will play just on the sentimental count for a while. Hence cash surplus/risk seekers may consider investing in this fancy foods outlet most preferred by todayââ‚-â„¢s generation. Read detail review...
The Devyani International IPO is subscribed 116.70 times on August 6, 2021 6:50:00 PM. The public issue subscribed 39.48 times in the retail category, 95.27 times in the QIB category, and 213.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 31.11 times
| Category | Subscription (times) |
|---|---|
| QIB | 95.27 |
| NII | 213.06 |
| Retail | 39.48 |
| Employee | 4.70 |
| Total | 116.70 |
| Listing Date | August 16, 2021 |
| BSE Script Code | 543330 |
| NSE Symbol | DEVYANI |
| ISIN | INE872J01023 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹90.00 |
| ₹141.00 |
| ₹120.75 |
| ₹141.05 |
| ₹123.35 |
| NSE |
|---|
| ₹90.00 |
| ₹140.90 |
| ₹120.80 |
| ₹140.90 |
| ₹123.50 |
Devyani International Limited
F-2/7, Okhla Industrial Area,
Phase-I, New Delhi 110 020
Phone: 011 4170 6720
Email: companysecretary@dil-rjcorp.com
Website: http://www.dil-rjcorp.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: devyani.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 165 Shares.
The IPO opens on August 4, 2021, and closes on August 6, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Devyani International IPO using UPI as a payment gateway. Zerodha customers can apply in Devyani International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Devyani International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Devyani International IPO opens on August 4, 2021 and closes on August 6, 2021.
Devyani International IPO lot size is 165 Shares, and the minimum amount required is ₹14,850.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Devyani International IPO will be done on Wednesday, August 11, 2021, and the allotted shares will be credited to your demat account by Friday, August 13, 2021. Check the Devyani International IPO allotment status.
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