Devyani International Limited IPO Detail
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.
- The product portfolio of well-recognized QSR brands.
- Largest franchisee of Yum Brands in India.
- Cross brand synergies provide operating leverage benefits.
- Disciplined financial approach with a strong focus on cash flow management.
- Strong store network; 264 KFC Stores, 297 Pizza Hut stores, and 44 Costa coffee stores.
Company PromotersRavi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited
|IPO Opening Date||Aug 04, 2021|
|IPO Closing Date||Aug 06, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per equity share|
|IPO Price||₹86 - 90 per equity share|
|Market Lot||165 Shares|
|Min Order Quantity||165 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹1,838 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 ₹[.] Cr)|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Devyani International Limited IPO open date is Aug 04, 2021, and the close date is Aug 06, 2021. The issue may list on Aug 16, 2021.
|IPO Open Date||Aug 04, 2021|
|IPO Close Date||Aug 06, 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|
IPO Lot Size
The Devyani International Limited IPO market lot size is 165 shares. A retail-individual investor can apply for up to 13 lots (2145 shares or ₹193050).
IPO Promoter Holding
|Pre Issue Share Holding||75.79%|
|Post Issue Share Holding||67.99%|
For the year/period ended (₹ in Crs)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
- Repayment and/or prepayment of company's borrowings fully or partially.
- General corporate purposes.