The fast-food outfit Devyani International Ltd is preparing to go public with its upcoming Initial Public Offer (IPO), which is scheduled to open on 4th August 2021, Wednesday and will end on 6th August 2021. From the very starting, many investors including retail as well as institutional investors are eyeing this IPO, as many analysts have given their consent to subscribe to this initial public offer because of the company having a reliable operating margin as well as sound valuation. The company has fixed the price band of the IPO between Rs 86 to Rs 90 per equity share having a face value (FV) of Rs. 1 per share.
KFC Operator Devyani International IPO Share
Devyani International Ltd (DIL) is recognized as the one greatest fast-food outlay and also the franchisee of numerous brands that include, American fast food restaurant chain KFC, Pizza Hut, Singaporean luxury Tea house chain TWG Tea, and British Coffeehouse chain, Costa Coffee. The company was established in the year 1991 and as of now, has a total of 655 stores in 155 cities all over India. The company’s operations are divided into 3 vertical business, the first one being, Core Brands that includes KFC, Costa Coffee and Pizza Hut stores in the home country, India.
Meanwhile, the company’s operation is also expanded in foreign countries which includes Nepal, and others. The third vertical business of DIL is other businesses that contain their own branded stores including Food Street, Ile Bar, Amreli, Masala Twist, Ckrussh Juice Bar, and others. To date, the company has 297 Pizza Hut Stores, 44 Costa Coffee and 264 KFC Stores in overall India.
Devyani International Ltd Promoters & Financials
The chairman of RJ Corp Limited, Ravi Jaipuria also know as India’s cola king, and Varun Jaipuria is the promoter of the company. The company’s financials as of 31st March 2021 are as follows:
- Total Assets: Rs. 1668.41 crore
- Total Revenue: Rs. 1198.89 Crore
- EAT (Earings After Tax): Rs. 62.99 crore
The total assets of the company as of 31st March 2021 are recorded to be Rs. 1668.41 crore, while the total revenue of the company is Rs. 1198.89 crore, and Earnings after tax are reported to be Rs. 62.99 crore.
Devyani International Ltd IPO Details
- Opening Date: 4th August 2021
- Closing Date: 6th August 2021
- Face Value (FV): Rs. 1/equity share
- Price (Fixed): Rs. 86 to Rs. 90/ equity share
- Size of Lot: 165 shares
- Min Order Qty: 165 shares
- Listed: NSE, BSE
- Listing Date (Expected): 16h August 2021
- Issue Type: Book Built Issue
- Issue Size: Rs. 1838 Cr
- Fresh Issue: Rs. 440 Cr (@Rs.1 per share)
- Offer for Sale (OFS) : 1398 crore Eq Shares @ Rs. 1
- Max. Subscription Amt for Retail Investors: 13 lots
As previously mentioned, the Devyani International Ltd IPO will open on 4th August 2021 and will end on 6th August 2021. The Face value of each fresh equity share is set at Rs. 1 per equity share, meanwhile, the offering has an issue size of Rs. 1838 crore with a lot size of 165 shares. The IPO has an offer for sale which is set at Rs, 1398 crore with 155,33,330 equity shares.
Devyani International Ltd IPO Subscription Details
- Qualified Institutional Buyers (QIB):- 75%
- Non-Institutional Investors (NIIs):- 15%
- Retail Individual:- 10%
Moreover, the IPO will be listed at the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) by the end of 16th August 2021. The proceeds from the issues shall be used by the company to fund the pre-payments as well as the repayments for all the borrowing of the company, while the remaining shall be used by the company to fulfil other general corporate objectives. The investor can check the IPO Allotment status through BSE, Registrar’s Website by visiting their official website. For more latest updates, stay tuned with us.
