The Company “Devyani International Limited” was incorporated in 1991 and it is the largest franchise of Yum Brands and among the largest quick-service restaurant in India with 655 stores across 155 cities all over the country as of March 31, 2021. Yum brands include Pizza Hut, KFC, Costa Coffee, etc.
Here in this article, you will find full details of Devyani International IPO review, details, financials, grey market premium, tentative timetable, etc.
Devyani International IPO Review and Details
IPO Issue Size- Devyani International Limited is all set to hit the market on August 4 and close on August 6. The IPO size is around Rs. 1838 crore that consists of a fresh issue worth Rs. 440 crore and an offer for sale worth Rs. 1389 crore with 15,53,33,330 crore.
Utilization of IPO Fund- The net proceeds of the fresh issue will be utilized for repayment and/or prepayment of the company’s borrowing fully or partially and for general corporate purposes.
Price Band of Devyani International IPO– The IPO has a price band of Rs. 86 to Rs. 90 per equity share. The issue has a minimum lot size of Rs. 165 Shares with an application cut-off of Rs. 14,850. The upper limit of the lot stands at 2145 shares with Rs. 1,93,750 as the application cut-off amount.
About the Company Devyani International Ltd.
Devyani International is the leading franchisee of Yum brands and one of the largest quick-service restaurants chain operators in India. It has a brand banner over many popular brands such as Pizza Hut, KFC, and Taco Bell.
It operates 3 business verticle-
- Core brands- KFC, Pizza Hut, and Costa Coffee stores in India.
- International Business- Stores in Foreign Countries i.e Nepal and Nigeria, and
- Other Businessess- Own Brand Stores i.e. Vaango, Fodd Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar).
Initially, the business was 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.
Details of Devyani International Limited IPO
| Particulars | IPO Details |
|---|---|
| IPO Opening Date | Aug 04, 2021 |
| IPO Closing Date | Aug 06, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Amount | Rs. 1838 Crore |
| Fresh Issue | Rs. 440 Crore |
| offer for sale | Rs. 1398 Crore |
| Price of IPO | Rs. 86 to 90 per equity shares |
| Face Value | Rs. 1 per equity share |
| Lot Size | 165 Shares and in multiples thereafter |
| Listing At | BSE and NSE |
Devyani International Ltd. IPO Dates- Tentative Time Table
| Particulars | Dates |
|---|---|
| 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 |
| The credit of Share to Demat A/c | Aug 13, 2021 |
| IPO Listing Date | Aug 16, 2021 |
Devyani International Limited IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 165 | Rs. 14,850 |
| Maximum | 13 | 2145 | Rs. 1,93,050 |
Devyani International IPO Grey Market Premium (GMP) Today
The Grey Market Premium of Devyani International Ltd. IPO has been started with low premium rates, we need to wait for the rates to change with the market sentiment in a few days or to stabilize the rates.
In the unlisted space, the GMP of Devyani International IPO is trading at a premium of Rs. 44 to Rs. 50 per share.
To know more about the IPO, read the red herring prospectus here. The issue opens on 04th August 2021 and you can subscribe to Devyani International IPO by logging/sign up to your upstox Demat a/c. Meanwhile, we will keep you posted on all the updates about this IPO and the public issues that follow, so stay tuned.
How to Apply For Devyani International Ltd. IPO?
To apply for Devyani International IPO online, an investor has to open a Demat account/trading account with financial institutions that provide this facility. like upstox. Once the account is open one should follow the below steps to apply online-
- On the IPO date, the first login to your Demat a/c and select the IPO you wish to invest in.
- Visit IPO Section your Demat a/c.
- Select the Devyani International Limited IPO.
- Click on Apply.
- Enter your UPI ID.
- Select Bid.
- Check the box of SEBI Terms and Conditions.
- Confirm the UPI AutoPay request from the UPI app.
- Kudos! your IPO application will be submitted and sent to the company.
Frequently Asked Questions- FAQs
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What is the Devyani International IPO allotment date?
The allotment date of Devyani International Limited IPO is 11 August 2021. The company is all set to hit the market on August 4 and close on August 6. The IPO size is around Rs. 1838 crore that consists of a fresh issue worth Rs. 440 crore and an offer for sale worth Rs. 1389 crore with 15,53,33,330 crore.
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What is the Devyani International IPO GMP?
In the unlisted space, the GMP of Devyani International IPO is trading at a premium of Rs. 44 to Rs. 50 per share. The Grey Market Premium of Devyani International Ltd. IPO has been started with a low premium rate.
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Who is the registrar of Devyani International IPO?
Link Intime India Private Limited is the registrar of the Devyani International Limited IPO, the details of the registrar are as follow-
Phone- +91-22-4918-6270
Email- devyani.ipo@linkintime.co.in
Website- https://www.linkintime.co.in/ -
What is the contact information of Devyani International IPO?
Devyani International Limited,
F-2/7, Okhla Industrial Area, Phase-I, New Delhi 110020Phone: 011 4170 6720
Email: companysecretary@dil-rjcorp.com
Website: http://www.dil-rjcorp.com -
What is the Devyani IPO Listing Date?
The Devyani IPO tentative listing date is August 16, 2021. The net proceeds of the fresh issue will be utilized for repayment and/or prepayment of the company’s borrowing fully or partially and for general corporate purposes.
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What is the Lot Size of Devyani International Ltd. IPO?
The issue has a minimum lot size of Rs. 165 Shares with an application cut-off of Rs. 14,850. The upper limit of the lot stands at 2145 shares with Rs. 1,93,750 as the application cut-off amount.
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Devyani International IPO Good or Bad?
The Company “Devyani International Limited” was incorporated in 1991 and it is the largest franchise of Yum Brands and among the largest quick-service restaurant in India with 655 stores across 155 cities all over the country as of March 31, 2021. Yum brands include Pizza Hut, KFC, Costa Coffee, etc. The GMP of Devyani International IPO is trading at a premium of Rs. 44 to Rs. 50 per share, which is a good sign for IPO Listing.
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