Devyani International’s IPO is scheduled to open for subscription on August 4. The public offer comprises a fresh issue of Rs. 440 crores and an offer for sale of 15.53 crore equity shares, valuing the IPO at Rs. 1,838 crores at the upper end of the price band.
About the company:
Devyani International Limited is the largest franchisee of Yum Brands in India which operates brands such as KFC, Pizza Hut, and Taco Bell brands and has a presence globally with more than 50,000 restaurants in over 150 countries. The company’s business is broadly classified into three verticals that include stores of KFC, Pizza Hut, and Costa Coffee and is amongst the largest operators of chain quick-service restaurants in India, operating 655 stores across 155 cities as of March 31, 2021.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | Loss for the year (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 1,323.68 | -59.29 | -0.33 |
| March 2020 | 1,535.04 | -78.75 | -0.4 |
| March 2021 | 1,198.90 | -81.32 | 0.17 |
For more information, you can refer to the IPO Prospectus filed by the company.
Tentative Schedule:
| Event | Date |
|---|---|
| Issue Period | 4th August 2021 to 6th August 2021 |
| Price Range | ₹ 86 to 90 |
| Minimum Bid Quantity | 165 |
| Finalisation of Allotment | 11th August 2021 |
| Initiation of Refunds | 12th August 2021 |
| Credit of Shares | 13th August 2021 |
| Listing Date | 16th August 2021 |
How do I apply to the Devyani International IPO?
You can apply for the Devyani International IPO using any supported UPI app by following two steps:
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Enter your bid on Console
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Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.