Devyani International IPO GMP Today, Live IPO Grey Market Premium 2021

Devyani International IPO GMP is very attractive to date. Here in the below tables, you can check Devyani International IPO GMP, Kostak, and Subject rates. Grey Market premium for Devyani International is around ₹50.

The Devyani International IPO will hit the market soon, and you can apply for the IPO from 4th August to 6th August 2021. Devyani International is planning to raise ₹1,838 Crores through an IPO which consists of a fresh issue of ₹440 crores worth equity and OFS (Offer For Sale) of ₹1,398 by existing shareholders. Also, check IPO GMP for upcoming IPOs

Latest Devyani International IPO GMP- 

Devyani International IPO GMP table is updated every day to give you the exact grey market premium for Devyani International IPO.

DateIPO GMP Kostak RatesSubject to Sauda
14/08/2021 ₹60
13/08/2021 ₹60
12/08/2021 ₹50
11/08/2021 ₹48
10/08/2021 ₹52
9/08/2021 ₹58
8/08/2021 ₹55
6/08/2021 ₹68
5/08/2021 ₹66
4/08/2021 ₹65
3/08/2021 ₹60
2/08/2021 ₹55
31/07/2021 ₹60
30/07/2021 ₹60

Should you subscribe to Devyani International IPO?

We have researched and mentioned the strengths and risks of the Devyani International IPO. The final verdict will help you make the right decision.

Strengths –

  • Very well designed product portfolio of largest QSR (quick-service restaurant) brands.
  • Biggest franchise of Yum brands in India.
  • Strong focus on building a store network – 297 outlets of Pizza Hut, 264 outlets of KFC, and 44 stores of Costa Coffee in India.
  • Financials of a company are well managed by focusing on strong cash flow management.

Risks – 

  • Developing a store network comes with a risk of leasing real estate.
  • Covid pandemic restrictions reduce their sales and effectives in the operations.
  • In DRHP their financial details are not indicative of their future plans.

Honest Review – 

By seeing the financial details (revenue and net profit after tax) of Devyani International the issue of offer doesn’t excite much. Also, the cost of making the store network is large as compared to ROI in such businesses. We need to observe the financials of Devyani International for some quarters to decide our investment strategy.   

Investors can invest for the listing gains in the Devyani International IPO. It’s early to predict but Devyani International IPO can give great listing gains by seeing its grey market premium. You can check the details of Devyani International IPO here.

Devyani International IPO Dates & Price Band:

Open date4th August 2021
Close date6th August 2021
Total Size of IPO₹1,838 Cr.
Fresh Issue 440 Cr.
Offer for Sale₹1,398 Cr.
Price Band₹86- ₹90
Face Value₹1 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Devyani International IPO Market Lot:

The minimum market lot of Devyani International IPO is 165 shares with 14,850 applications. Retail investors can apply for 13 lots with 2145 shares application worth ₹193,050.

ApplicationLotSharesCut Off Amount
Minimum (RII)116514,850
Maximum (NII)132145193,050

Devyani International IPO Allotment & Listing Dates:

Devyani International IPO’s open date is 4th August and the closing date is 6th August. Allotment of shares will be done on 11th August and the listing date on NSE & BSE is 16th August 2021.

Allotment Date for Devyani International – 11th August 2021
Refund Date for Devyani International – 12th August 2021
Credit of Shares to Demat Account – 13th August 2021
Listing Date for Devyani International –16th August 2021

About Devyani International:

After Burger King and Barbeque Nation, this is the third QSR (quick-service restaurant) company from Gurugram to get listed in a few weeks. Australian origin, KFC is the most loved QSR when it comes to non-veg.

After Domino’s, Pizza Hut is the only pizza QSR that serves pizza on the large scale. Costa Coffee is quite famous in tier 1 cities yet they are not very established in tier 2 or tier 3 cities. The company operates 297 outlets of Pizza Hut, 264 outlets of KFC, and 44 stores of Costa Coffee in India.

Apart from big core brands, Devyani has its own brands called Ile Bar, Masala Twist, Street Food, Chkrussh Juice, and Vango. The presence of these brands is in 155 cities of India with 692 total outlets. 

Peer Competitors – 

Sr.No.Company NamePE 
1Jubilant FoodWorks Ltd133
2Burger King India LtdNA
3Westlife Development LtdNA

Devyani International IPO GMP FAQs:

What is the Devyani International IPO GMP today?

Devyani International IPO GMP is 60 as of today.

What is the last date to apply for Devyani International IPO?

6th August 2021 is the last date to apply for Devyani International IPO.

What is Kostak Rates of Devyani International IPO today?

Devyani International IPO Kostak Rates is as of today.

Will Devyani International IPO GMP increase?

It’s too early to say that but we can expect a good premium on Devyani International IPO.

Can Devyani International give listing gains?

Investors can invest for the long term in the Devyani International IPO. It’s early to predict but Devyani International IPO GMP can give great listing gains by seeing its. You can keep a track of Devyani International IPO GMP here. 

Disclaimer for Investors:

  • We on do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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