Let’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 ValueRs 1
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 4,000 Million
IPO SizeRs Million
Tick Size1

Devyani International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Devyani International Share Price

Devyani International IPO – Summary

Devyani International IPO

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 not available yet.

Check out Related IPO Links:

Devyani International IPO GMP
Devyani International IPO Allotment

Devyani International IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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
Refunds Initiation
The credit of Shares to Demat Account
Share Listing Date

Devyani International IPO Price Band

The face value of each share is Rs.1, but the price band of the IPO is Rs.[●] 


Devyani International IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] 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.4,000 Million

Offer For Sale Size:125,333,330 Equity Shares of Rs.1 each, aggregating to Rs.[●] Million


Devyani International IPO – Live Performance

The listing date of this IPO is [●]. 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 X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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-21Mar-2031-Mar-19
Total Assets16,684.0718,835.7618,074.90
*Total Revenue11,988.9515,350.4113,236.83
Total Expense13,381.7116,465.3013,948.19
Profit After Tax(629.87)(1,214.18)(941.44)

Earnings per Equity Share (in Million)

31-Mar-21Mar-2031-Mar-19
Basic & Diluted(0.67)(0.74)(0.42)

Devyani International IPO – Promoters

The Promoter of this company is:

  1. RAVI KANT JAIPURIA, VARUN JAIPURIA 
  2. 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 – %
  • Pos Issue Share Holding – %

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.[●] Million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue1,153,634,990 Equity Shares
 Equity Shares outstanding after the IssueX 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 EPSRONW (%)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/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Million)
Devyani International Limited1[●](0.50)(48.52) 11,988.95
Listed Peers
Jubilant FoodWorks Limited10132.9321.2224.9539,968.90
Westlife Development Limited2NA(6.38)(20.66) 10,303.32
Burger King India Limited10NA(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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Devyani International Limited IPO News

    News 1 – IPO DRHP Download

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    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 NA. As far as the face value of the share is of concern, it is Rs.10 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 NA, while the closing date is set at NA.

    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 NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    Ques – What is the Devyani International IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    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 NA. 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 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.


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