Devyani International IPO Details
Devyani International IPO description – Devyani International is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India on a non-exclusive basis, and operates 655 stores across 155 cities in India, as of 31 March 2021. In addition, the company is a franchisee for the Costa Coffee brand and stores in India.
The company’s business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (“Core Brands”); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria (“International Business”); and certain other operations in the F&B industry, including stores of its own brands such as Vaango and Food Street (“Other Business”). Revenue from the Core Brands Business and International Business represented 94.2% of its revenue from operations in FY2021.
Promoters of Devyani International – Ravi Kant Jaipuria, Varun Jaipuria and RJ Corp Limited
| Devyani International IPO details | |
| Subscription Dates | 4 – 6 August 2021 |
| Price Band | INR86 – 90 per share |
| Fresh issue | INR440 crore |
| Offer For Sale | 155,333,330 shares (INR1,335.87 – 1,398 crore) |
| Total IPO size | INR1,775.87 – 1,838 crore |
| Minimum bid (lot size) | 165 shares |
| Face Value | INR1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Devyani International Financial Performance (in INR crore)
| FY2019 | FY2020 | FY2021 | |
| Revenue | 1,323.7 | 1,535.0 | 1,198.9 |
| Expenses | 1,394.8 | 1,646.5 | 1,338.2 |
| Net income | -97.3 | -107.2 | -57.8 |
| Margin (%) | -7.4 | -7.0 | -4.8 |
More about Devyani International IPO
Registrar of Devyani International IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Devyani International Contact Details
Devyani International Limited
Plot No. 18, Sector-35,
Gurugram 122 004, Haryana
Phone: +91 011 4170 6720
Email: [email protected]
Website: www.dil-rjcorp.com
Valuation of Devyani International (as of FY2021)
Earnings Per Share (EPS): -INR0.50
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -48.52%
Net Asset Value (NAV): INR1.03 per share
Devyani International IPO GMP Daily Trend
| Date | Devyani IPO GMP | Kostak | Subject to Sauda |
| 14 August 2021 | INR55 | – | – |
| 13 August 2021 | INR50 | – | – |
| 12 August 2021 | INR45 | – | – |
| 11 August 2021 | INR40 | – | INR1,800 |
| 10 August 2021 | INR50 | – | INR3,500 |
| 9 August 2021 | INR40 | – | INR4,000 |
| 7 August 2021 | INR55 | – | INR4,000 |
| 6 August 2021 | INR55 | – | INR4,000 |
| 5 August 2021 | INR60 | INR150 | INR4,000 |
| 4 August 2021 | INR55 | INR150 | INR4,000 |
| 3 August 2021 | INR50 | INR150 | INR4,000 |
| 2 August 2021 | INR50 | INR140 | INR4,000 |
| 31 July 2021 | INR40 | INR120 | INR4,000 |
| 30 July 2021 | INR50 | INR160 | INR4,000 |
| 29 July 2021 | INR20 | INR150 | INR3,700 |
| 28 July 2021 | INR15 | INR150 | INR3,500 |
| 27 July 2021 | INR15 | INR150 | INR3,500 |
Devyani International IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 6,11,01,666 | 0.77 | 1.32 | 95.27 |
| NII | 3,05,50,832 | 0.77 | 6.37 | 213.06 |
| Retail | 2,03,67,221 | 11.35 | 22.94 | 39.31 |
| Employees | 5,50,000 | 1.56 | 3.10 | 4.70 |
| Total | 11,25,69,719 | 2.69 | 6.61 | 116.67 |
Devyani International IPO Reviews
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Devyani International IPO Allotment Status
Devyani International IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Banks have also started unblocking the funds. You can check balance also to know allotment status.
Listing Performance of Devyani International
IPO Opening Date: 4 August 2021
IPO Closing Date: 6 August 2021
Finalisation of Basis of Allotment: 11 August 2021
Initiation of refunds: 12 August 2021
Transfer of shares to demat accounts: 13 August 2021
Listing Date: 16 August 2021
Opening Price on NSE: INR140.9 per share (up 56.56% from IPO price)
Closing Price on NSE: INR123.50 per share (up 37.22% from IPO price)
♨️ LATEST GMP HEARD ♨️
✅Devyani International IPO – *GMP Estimated*
GMP 63 +/- 1
Kostak 305 +/- 10
Subject 2 @8,850/-
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Devyani International (DIL), one of the largest quick-service restaurants (QSRs) in India, the largest franchise of Yum Brands in India, and the operator of chains like KFC, Pizza Hut and Costa Coffee in the country, opened for IPO on August 4th.