Devyani International IPO Dates, Price Band, Object of Issue with Market Lot Details
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Again a loss-making company releases its IPO in the market. Devyani International the largest franchisee of the YUM brand released its IPO in the market on August,4. Here you can check Devyani International IPO Dates, Price Band, Object of Issue with Market Lot Details.
Summary of the Devyani International Limited IPO Details,
| IPO Opening Date | Aug 4, 2021 |
| IPO Closing Date | Aug 6, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹86 to ₹90 per equity share |
| Market Lot | 165 Shares |
| Min Order Quantity | 165 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹1 (aggregating up to ₹1,838.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹1 (aggregating up to ₹440.00 Cr) |
| Offer for Sale | 155,333,330 Eq Shares of ₹1 (aggregating up to ₹1,398.00 Cr) |
Devyani International IPO Expected Timetable,
Devyani International IPO may be listed on 13th August. The issue has opened for the public from August, 4th and the last date for IPO application is August, 6.
| IPO Open Date | Aug 4, 2021 |
| IPO Close Date | Aug 6, 2021 |
| Basis of Allotment Date | Aug 11, 2021 |
| Initiation of Refunds | Aug 11, 2021 |
| Credit of Shares to Demat Account | Aug 12, 2021 |
| IPO Listing Date | Aug 13, 2021 |
History of the Devyani International Limited
Devyani International Limited was incorporated in 1991, It was the largest franchisee of YUM Brands. They are also the largest quick-service restaurants chain in India. It operates 655 stores in 152 cities all over the world.
We all know about YUM Brands INC. They operate many fast food brands i.e. Pizza Hut, KFC, and Taco Bell brands.
The company operates in three 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),
3. Other Businesses (own branded stores i.e. Vaango, Food Street, Masala Twist, Ile Bar, and Ckrussh Juice Bar)
The company began its relationship with Yum in 1997 when they commenced operations of our first Pizza Hut store in Delhi. They have subsequently continued to expand our operations with both KFC and Pizza Hut franchises, and as of March 31, 2021, operated 264 KFC stores and 297 Pizza Hut stores across India.
In addition, they are also the franchise of Costa Coffee brand in India, which is owned by Costa International and operated 44 Costa Coffee stores, as of March 31, 2021.
Financials of the Devyani International Limited
Company clock loss in the last continuous 3 years. Here is the Summary of the Devyani International Limited Financials. The amount mentioned below in Millions,
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 15,974.22 | 15,189.62 | 15,074.90 |
| Non-Current Borrowing | 9713.62 | 10,512.96 | 12,668.32 |
| Total Revenue | 10,473.30 | 12,511.05 | 13,236.83 |
| Profit After Tax | (664.97) | (1,349.23) | (941.44) |
Objective of the company behind the IPO,
- Repayment and/or prepayment of company’s borrowings fully or partially.
- General corporate purposes.
Reviews on the Devyani International IPO,
Devyani International is a good international company. They have a very big market to target. It means the company has good growth potential. But there are few questions about the company when the company starts delivering profits. Any investor can be applied for this IPO for listing gains. But for the long term, we need to wait for 6 months financial of the company.