Devyani International IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Devyani International IPO release date, IPO offer price, subscription, Devyani International Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 86 to Rs 90 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 165 Shares |
| Listing Date | Aug 16, 2021 |
| Offer for Sale | Rs 13980 Million |
| Fresh Issue | Rs 4,400 Million |
| IPO Size | Rs 18380 Million |
| Tick Size | 1 |
Devyani International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Devyani International IPO – Summary
We are the largest franchisee of Yum Brands in India and are among the largest operators of chain quick-service restaurants (“QSR”) in India, on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021.
Yum! Brands Inc. 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, as of December 31, 20201. In addition, we are a franchisee for the Costa Coffee brand and stores in India.
The Promoter of this company is RAVI KANT JAIPURIA, VARUN JAIPURIA, AND RJ CORP LIMITED. The lead manager to the issue is Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited, and Motilal Oswal Investment Advisors Limited, and the Registrar to this issue is Link Intime India Private Limited.
Devyani International IPO Date
The opening and the closing date of the IPO of Devyani International Limited are Aug 4, 2021, and Aug 6, 2021, respectively.
Check out Related IPO Links:
| Devyani International IPO GMP |
| Devyani International IPO Allotment |
Devyani International IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – 04 August | 0.77x | 0.77x | 11.37x | 1.56x | 2.69x |
| 2nd Day – 05 August | 1.32x | 6.68x | 23.16x | 3.12x | 6.73x |
| 5th Day – 06 August | 95.27x | 213.06x | 39.48x | 4.70x | 116.70x |
| Shares Offered or Net Issue | 61,101,666 | 30,550,832 | 20,367,221 | 550,000 | 112,569,719 |
The shares subscribed by the public will be updated here.
Check Devyani International IPO LIVE Subscription
- Devyani International IPO LIVE Bid details on BSE
- Devyani International IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Devyani International IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Devyani International Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 11, 2021 |
| Refunds Initiation | Aug 12, 2021 |
| The credit of Shares to Demat Account | Aug 13, 2021 |
| Share Listing Date | Aug 16, 2021 |
Devyani International IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs.Rs 86 to Rs 90
Devyani International IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs 86 to Rs 90 per equity share aggregating to Rs.18380 Million.
Devyani International IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.18380 Million
Offer For Sale Size: 155,333,330 Equity Shares of Rs.1 each, aggregating to Rs.13980 Million
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Devyani International IPO – Live Performance
The listing date of this IPO is Aug 16, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Devyani International Share Price |
Devyani International IPO Grey Market Premium
The Devyani International Limited IPO Grey Market Premium price is Rs 55, the Kostak rate is Rs 0 and the Subject to Sauda is 0.
Devyani International IPO – Company Overview
Our business is broadly classified into three verticals that include stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut, and Costa Coffee referred to as “Core Brands”.
Such business in India referred to as the “Core Brands Business”); 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 our own brands such as Vaango and Food Street (“Other Business”).
Revenue from our Core Brands Business, together with our International Business, represented 83.01%, 82.94%, and 94.19% of our revenue from operations in Fiscals 2019, 2020, and 2021, respectively.
We began our relationship with Yum in 1997 when we commenced operations of our first Pizza Hut store in Jaipur. We have subsequently continued to expand our operations with both KFC and Pizza Hut franchises.
Devyani International IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 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 |
| Total Expense | 13,381.71 | 16,465.30 | 13,948.19 |
| Profit After Tax | (813.24) | (787.52) | (592.90) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (0.67) | (0.74) | (0.42) |
Devyani International IPO – Promoters
The Promoter of this company is:
- RAVI KANT JAIPURIA, VARUN JAIPURIA
- RJ CORP LIMITED
List of Related Parties (Key Managerial Personnel)
- Ravi Kant Jaipuria, Non-Executive Director
- Varun Jaipuria, Non-Executive Director
- Raj Pal Gandhi, Non-Executive Director
- Virag Joshi, Whole-time Director (President & CEO)
- Manish Dawar, Whole-time Director & Chief Financial Officer
- Ravi Gupta, Independent Director
Devyani International IPO – Promoters Holding
- Pre Issue Share Holding – 75.79%
- Pos Issue Share Holding – 67.99%
Devyani International IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.18380 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,153,634,990 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Devyani International IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/prepayment of all or certain of our borrowings
2. General Corporate Purpose
Devyani IPO – Business Strategy
- Strategically expand store network of our Core Brands Business
- Continue to improve unit-level performance
- Focus on the delivery channel for Core Brands
- Invest in technology and focus on our digital capabilities
Devyani IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Portfolio of highly recognized global brands catering to a range of customer preferences
- Multi-dimensional comprehensive QSR player
- Presence across key consumption markets with a cluster-based approach
- Cross brand synergies with operating leverage
- Disciplined financial approach with a focus on cash flows and returns
- Distinguished Board and experienced senior management team.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.50) | (48.52) | 1.03 |
| 31-Mar-20 | (1.14) | NA | – |
| Mar-19 | (0.75) | NA | – |
Devyani International IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Million) | |
| Devyani International Limited | 1 | [●] | (0.50) | (48.52) | 11,988.95 |
| Listed Peers | |||||
| Jubilant FoodWorks Limited | 10 | 132.93 | 21.22 | 24.95 | 39,968.90 |
| Westlife Development Limited | 2 | NA | (6.38) | (20.66) | 10,303.32 |
| Burger King India Limited | 10 | NA | (2.87) | (27.80) | 8,468.29 |
Devyani International IPO Lead Managers
| Lead Managers |
| Kotak Mahindra Capital Company Limited
CLSA India Private Limited Edelweiss Financial Services Limited Motilal Oswal Investment Advisors Limited |
Devyani International IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 247 Park, L.B.S. Marg Vikhroli (West), Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: devyani.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance E-mail: devyani.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Devyani IPO – Other Details
- Statutory Auditor – APAS & Co. LLP, Chartered Accountants, and Walker Chandiok & Co LLP Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Devyani International IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Devyani International Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Devyani International IPO Review FAQs
Ques – What is the Issue Size of Devyani International IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Devyani International IPO?
Answer – The price band for this particular IPO ranges between Rs 86 to Rs 90. As far as the face value of the share is of concern, it is Rs.1 per share.
Ques – What is the Devyani International IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 4, 2021, while the closing date is set at Aug 6, 2021.
Ques – What is the Devyani International IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 11, 2021, refund initiation is on Aug 12, 2021, credit of shares is on Aug 13, 2021, and share listing date is on Aug 16, 2021.
Ques – What is the Devyani International IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Aug 16, 2021. The date, when the listing would be done, is stagnant on Aug 16, 2021.
Ques – Who is the Registrar of Devyani International IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Devyani International IPO?
Answer – Here are the promoters of this IPO – RAVI KANT JAIPURIA, VARUN JAIPURIA, AND RJ CORP LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Devyani International IPO?
Answer – We have obtained the GMP of this IPO and it is Rs 55. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Devyani International IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Devyani International Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (813.24), 2020 is (787.52), 2019 is (592.90).
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