Devyani International Limited IPO

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Consumer Food

Listed On: Aug 16, 2021 at ₹ 140.90 (NSE)

₹ 14850 /165 Shares

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Price Summary

Last Closing

210.50 (133.89%)

52 Week High

223.00

52 Week Low

142.25

Last Update

20-Sep-2024 3:30 PM

IPO Details

04 Aug, 2021

Open Date

06 Aug, 2021

Close Date

11 Aug, 2021

Allotment Date

16 Aug, 2021

Listing Date

Issue Price

₹86-90 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

140.90 (NSE)

Listing Date

2021-08-16

Market Lot

165 Shares (₹14,850/-)

Lead Manager

CLSA India Private Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd

Issue Size

₹1,838 crore
Fresh Issue : ₹440 crore
Offer for Sale : 15.5 crore eq. Sh. Approximately

Retail Portion

10%

Subscription

116.70 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	611,01,666	305,50,832	203,67,221	5,50,000	1125,69,719
Day 1 - 04-08-21 05:00 PM	0.77 x	0.77	11.36 x	1.56 x	2.69 x
Day 2 - 05-08-21 05:00 PM	1.32 x	6.36	22.95 x	3.10 x	6.61 x
Day 3 - 06-08-21 08:00 PM	95.28 x	213.06	39.52 x	4.69 x	116.70 x

Total No. of Applications: 3823578 (Approx)

Retail Subscription on the basis of Applications: 30.98 times

Valuations

Earnings Per Share (EPS)

₹(0.48)/-

P/E Ratio

(187.35))

RoNW

(48.52)%

Net Asset Value (NAV) - As on 31.03.21

₹1.03

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	1,668.40	1,883.57	1,807.49
Revenue	1,198.89	1,535.04	1,323.68
Profit After Tax	(81.32)	(78.75)	(59.29)

About The Company

Devyani International Ltd is the largest franchisee of Yum Brands and among the largest quick-service restaurants (QSR) chain operators in India with 655 stores across 155 cities all over the country as of Mar 31, 2021. Yum Brands Inc operates many fast food brands i.e. Pizza Hut, KFC, and Taco Bell brands.

It operates 3 business verticals; 1. Core Brands (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, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar).Initially, the business 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Devyani International Limited	N/A	N/A	48,52%	1,198.89
Jubilant Foodworks Limited	27.72	176	15.61%	3,996.89
Westlife Development Limited	17.05	(81.7)	(0.08)%	1,030.33
Burger King India Limited	10.13	(32.3)	(8.1)%	846.82

IPO - Ratings

Axis Capital	Neutral
BP Equities (BP Wealth)	Subscribe
Canara Bank	Subscribe
Capital Market	May apply
Choice Equity Broking Pvt Ltd	Subscribe
GEPL Capital Ltd	N/A
ICICI Securities	Subscribe
Investmentz Ltd	Subscribe
JM Financial Institutional Securities	Neutral
KR Choksey Securities Ltd	N/A
Nirmal Bang	Subscribe
Religare Broking Limited	Neutral
Sharekhan Limited	Neutral
Ventura Securities Limited	N/A

- Promoter(s)

Pre Issue Share Holding: 75.79%

Post Issue Share Holding: 67.99%

Company Promoter(s)

Ravi Kant Jaipuria
Varun Jaipuria
RJ Corp Limited

IPO - Issue Objectives

Repayment and/or prepayment of company's borrowings fully or partially.
General corporate purposes.

IPO - Anchor Investors

KFC, Pizza Hut operator Devyani International raises Rs 824.87 crore from anchor investors ahead of IPO
Prominent investors who participated in the anchor book include Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs, Government of Singapore, Monetary Authority of Singapore, Mirae Asset, Nomura Trust, Private Client Emerging Markets Portfolio, NS Partners Trust, Neuberger Berman Investment, Kuwait Investment Authority Fund, Vantagetrust, Best Investment Corporation, CLSA, Carmignac Portfolio, and Affin Hwang Select Asia Quantum Fund.
General Insurance, Bajaj Allianz Life Insurance, SBI Life Insurance, Aditya Birla Sun Life Insurance, Sundaram Mutual Fund, ICICI Prudential, Tata Mutual Fund, and HDFC Life Insurance also participated in the anchor book.

IPO - FAQs

Ans. Devyani International Limited IPO is a Mainboard IPO. The issue is priced at ₹86-90 per equity share. The minimum order quantity is 165 Shares. The IPO opens on Aug 4, 2021, and closes on Aug 6, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Devyani International Limited IPO opens on Aug 4, 2021 and closes on Aug 6, 2021.

Ans. The size of Devyani International Limited IPO is ₹1,838 crore Fresh Issue : ₹440 crore Offer for Sale : 15.5 crore eq. Sh. Approximately.

Ans. The IPO price band is set between ₹86-90 per equity share.

Ans. To apply for Devyani International Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Devyani International Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Devyani International Limited IPO is Aug 11, 2021.

Ans. The Devyani International Limited IPO will be listed on Aug 16, 2021.

Ans. Follow the steps to check the allotment status for Devyani International Limited IPO here.