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Devyani International IPO Details, Price Band, Gmp

 

Devyani International IPO Details

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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, devyani grey market premium, and other details like the company’s background, financial positions of Devyani International Ipo, its promoters, and other related things. 

    About Devyani International Ltd. Company :-

    Devyani International Limited, Incorporated in 1991 is one of the largest franchisee of Yum Brands and among the largest quick-service restaurants (QSR) chain operators in India with 696 stores across 166 cities all over the country as of June, 2021. 

    Yum Brands Inc operates many fast food brands i.e. Pizza Hut, KFC, and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries. In addition, we are a franchisee for the Costa Coffee brand and stores in India.

    It operates 3 business verticals;
    1. Core Brands which includes (KFC, Pizza Hut, and Costa Coffee stores in India), 
    2. International Business (stores in foreign countries i.e. Nepal and Nigeria), and 
    3. Other Businesses (own branded stores i.e. Vaango, Food Street).

    Revenue from our Core Brands Business, together with our International Business, represented 94.19% of our revenue from operations in Fiscals 2021.

    Initially, the business started with a Pizza Hut store in Jaipur but subsequently expanded operations in both KFC and Pizza hut, as of June, 2021, it operates 284 KFC stores, 317 Pizza Hut stores, and 44 Costa Coffee stores in India.

    Company have been consistently expanding its stores over the years. Stores in Core Brands Business grew at a CAGR of 13.58%.

    Promoters Of Devyani International Ltd. :-

    The Promoters of Company are Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited

    Promoter Holdings :-

    Pre Issue Promoter Holdings 100%
    Post Issue Promoter Holdings %

    Financials Of Devyani International Ltd. :-

    ParticularsFinancials {Fig. in Cr.}
    31 March 201931 March 202031 March 2021
    Total Assets1,807.491,883.571,668.40
    Total Revenue1,323.681,535.041,198.89
    Total Expenses1,394.811,646.531,338.17
    Loss After Tax(592.90)(787.52)(629.87)
    EPS(0.42)(0.74)(0.67)

    Financials Ratios :- 

    PE Ratio -   No PE as there are Losses
    Sector PE - 

    Peers of Devyani International Ltd. :-

    Company Name  PE Ratio 
    Jubilant FoodWorks Ltd. 179.21
    Westlife Development Ltd. NA
    Burger King India Ltd. NA
    Devyani Int. Ltd.NA

    Devyani International Ltd. Ipo Details :-

    IPO Opening Date4 Aug, 2021
    IPO Closing Date6 Aug, 2021
    Face Value₹1 per equity share
    IPO Price₹86 to ₹90 per equity share
    Min. Order Quantity  165 Shares
    Issue Size₹1838 Cr
    Fresh Issue₹440 Cr
    Offer for Sale₹1398 Cr
    Listing AtBSE NSE

    Shares Offered to :-

      QIB    50% 
    NII35%
    RII15%

    Objectives Of Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes. 
    1. To Repay of company's borrowings fully or partially.
    2. General corporate purposes.

    Ipo Timeline :-

    Ipo Dates 4 - 6 August 21
    Allotment Date 11 August 21
    Initiation of Refunds12 August 21
    Credit of Share to Demat Account  13 August 21
    Ipo Listing Date16 August 21

    Devyani International Ipo Grey Market Premium :-

    On 4 August 2021 - Rs. 60
    On 3 August 2021 - Rs. 55
    On 2 August 2021 - Rs. 50
    On 1 August 2021 - Rs. 50

    Devyani International Ltd. IPO Registrar :-

    Link Intime India Private Ltd.

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