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Devyani International IPO is a book build issue of ₹1,838.00 crores. The issue is a combination of fresh issue of 4.89 crore shares aggregating to ₹440.00 crores and offer for sale of 15.53 crore shares aggregating to ₹1,398.00 crores.
Devyani International IPO bidding started from Aug 4, 2021 and ended on Aug 6, 2021. The allotment for Devyani International IPO was finalized on Aug 11, 2021. The shares got listed on BSE, NSE on Aug 16, 2021.
Devyani International IPO price band is set at ₹90.00 per share . The lot size for an application is 165. The minimum amount of investment required by an retail is ₹14,190 (165 shares). The lot size investment for sNII is 14 lots (2,310 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (11,220 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 5,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
CLSA India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Devyani International IPO RHP for detailed Information.
| IPO Date | August 4, 2021 to August 6, 2021 |
| Listing Date | August 16, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹86 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 165 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 20,42,22,218 shares (aggregating up to ₹1,838.00 Cr) |
| Fresh Issue | 4,88,88,888 shares (aggregating up to ₹440.00 Cr) |
| Offer for Sale | 15,53,33,330 shares of ₹1 (aggregating up to ₹1,398.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,15,36,34,990 shares |
| Share Holding Post Issue | 1,20,25,23,878 shares |
Devyani International IPO offers total 20,42,22,218 shares. Out of which 15,27,54,165 (74.80%) allocated to QIB, 6,11,01,666 (29.92%) allocated to QIB, 3,05,50,832 (14.96%) allocated to NII, 2,03,67,221 (9.97%) allocated to RII and 9,16,52,499 (44.88%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 15,27,54,165 (74.80%) | NA |
| − Anchor Investor Shares Offered | 9,16,52,499 (44.88%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 6,11,01,666 (29.92%) | NA |
| NII (HNI) Shares Offered | 3,05,50,832 (14.96%) | NA |
| Retail Shares Offered | 2,03,67,221 (9.97%) | 1,23,437 |
| Employee Shares Offered | 5,50,000 (0.27%) | NA |
| Total Shares Offered | 20,42,22,218 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Devyani International IPO opens on August 4, 2021, and closes on August 6, 2021.
| IPO Open Date | Wed, Aug 4, 2021 |
| IPO Close Date | Fri, Aug 6, 2021 |
| Tentative Allotment | Wed, Aug 11, 2021 |
| Initiation of Refunds | Thu, Aug 12, 2021 |
| Credit of Shares to Demat | Fri, Aug 13, 2021 |
| Tentative Listing Date | Mon, Aug 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 6, 2021 |
Investors can bid for a minimum of 165 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2,145 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,310 | ₹2,07,900 |
| S-HNI (Max) | 67 | 11,055 | ₹9,94,950 |
| B-HNI (Min) | 68 | 11,220 | ₹10,09,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, 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.
Competitive strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-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 | ||
| Profit After Tax | (629.87) | (1,214.18) | (941.44) | ||
The Company Devyani International IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/prepayment of all or certain of the borrowings | 324.00 |
| 2 | General corporate purposes | 100.82 |
[Dilip Davda] Indiaââ‚-â„¢s stock markets are getting matured to match the global market's behaviour. The recent saga of Zomato may see a re-run of history for this food segment loss-making enterprise that has been on its footprint expansion mode. Though the financial parameters and negative P/E is not on the radar for this issue, it will play just on the sentimental count for a while. Hence cash surplus/risk seekers may consider investing in this fancy foods outlet most preferred by todayââ‚-â„¢s generation. Read detail review...
| Listing Date | August 16, 2021 |
| BSE Script Code | 543330 |
| NSE Symbol | DEVYANI |
| ISIN | INE872J01023 |
| Final Issue Price | ₹90 per share |
Devyani International Ltd.
F-2/7, Okhla Industrial Area,
Phase-I, New Delhi 110 020
Delhi, New Delhi
Phone: 011 4170 6720
Email: companysecretary@dil-rjcorp.com
Website: http://www.dil-rjcorp.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: devyani.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Devyani International IPO is a main-board IPO of 20,42,22,218 equity shares of the face value of ₹1 aggregating up to ₹1,838.00 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 165.
The IPO opens on August 4, 2021, and closes on August 6, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Devyani International IPO using UPI as a payment gateway. Zerodha customers can apply in Devyani International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Devyani International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Devyani International IPO opens on August 4, 2021 and closes on August 6, 2021.
Devyani International IPO lot size is 165, and the minimum amount required for application is ₹14,850.
You can apply in Devyani International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Devyani International IPO will be done on Wednesday, August 11, 2021, and the allotted shares will be credited to your demat account by Friday, August 13, 2021. Check the Devyani International IPO allotment status.
The Devyani International IPO listing date is on Monday, August 16, 2021.
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