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.
Devyani International is an associate company of RJ Corp which is famous as the largest bottler for the Pepsico brand in India. Varun Beverages, the listed company is part of RJ Group.
Their core brands are KFC, Pizza Hut, and Costa Coffee, which are very popular in India. In total, they have 655 stores in 55 cities until March 2021 in India. With these brands, they are operating in India, Nepal, and Nigeria. Apart from this, Devyani has its own brands called Ile Bar, Masala Twist, Street Food, Chkrussh Juice, and Vango. Many IPOs are going to launch this year check here the list.
Devyani International IPO Dates & Price Band:
|Open date||4th August 2021|
|Close date||6th 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 on||NSE and BSE|
|Retail Investor’s Portion||10%|
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.
|Application||Lot||Shares||Cut Off Amount|
Objective of Issue –
- To make repayment for borrowings secured by the company.
- To meet general corporate purposes.
Should you subscribe to Devyani International?
We have researched and mentioned the strengths and risks of the Windlas Biotech IPO. The final verdict will help you make the right decision.
- 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.
- 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 keep a track of Devyani International IPO GMP here.
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
Applying IPO through the form:
Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.
Financials of Devyani International IPO:
The financials of Devyani International are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.
|Year||Revenue (₹ in Cr.)||Expense (₹ in Cr.)||PAT Net Income (₹ in Cr.)|
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 –
|1||Jubilant FoodWorks Ltd||133|
|2||Burger King India Ltd||NA|
|3||Westlife Development Ltd||NA|
IPO Registrar Details –
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Tel: +91 22 4918 6200
Investor grievance E-mail: email@example.com
Devyani International Contact Details –
Devyani International Limited
F-2/7, Okhla Industrial Area, Phase-I
New Delhi 110 020
Plot No. 18, Sector-35
Gurugram 122 004
Devyani International IPO FAQs –
When will Devyani International IPO open for Investors?
Devyani International IPO will open on 4th August 2021 and will close on 6th August 2021.
What is Devyani International IPO Retail Portion?
The portion allocated for retail investors in Devyani International IPO is 35%
How to apply for Devyani International IPO?
You can apply Devyani International IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.
Should I invest in Devyani International IPO?
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
What is the allotment date for Devyani International shares?
4th August 2021 is the allotment date for Devyani International shares.
What is the listing date for Devyani International IPO?
9th August 2021 is the listing date for Devyani International. It will be listed on NSE and BSE.
What is the cutoff price for Devyani International IPO?
The cutoff price for Devyani International IPO is ₹900 per share.
Will Devyani International IPO give listing gains?
Investors can invest for the long term in Devyani International. It’s early to predict but Devyani International can give great listing gains by seeing its grey market premium. You can keep a track of Devyani International IPO GMP here.
Disclaimer for Investors:
- We on ipogmp.in 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.