Devyani International Ltd IPO- August 4, 2021
Company Background
Devyani International Limited is the largest franchisee of Yum Brands in India and is among the largest operators of quick service restaurants chain in India and operates 655 stores across 155 cities in India, as of March 31, 2021.The Company was recognized as one of “India’s 100 Best Workplaces for Women 2020” by the Great Place to Work Institute, India
Business Information
Devyani International's Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell and has a presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 2020. In addition, it is a franchisee for the Costa Coffee brand and stores in India.The company also operates stores outside India primarily comprising KFC and Pizza Hut stores in Nepal and Nigeria (international business); and certain other operations in the food & beverages (F&B) industry, including stores of its own brands such as Vaango and Food Street.
Facts about the company
Ensures maximum cooperation across all its brands
Highly qualified and experienced management team with experience in all aspects of business
Dependency on the global success and reputation of its core brands
Incurred losses in the last 3 fianncial years
Significant impact of the COVID-19 pandemic on the company’s business & operations.
Points to note before investing in Devyani International IPO
Diversify cost efficiency at all levels
The product portfolio of well-recognized QSR brands.
Largest franchisee of Yum Brands in India.
Cross brand synergies provide operating leverage benefits.
Disciplined financial approach with a strong focus on cash flow management.
Strong store network; 264 KFC Stores, 297 Pizza Hut stores, and 44 Costa coffee stores.
IPO Opening Date | August 4, 2021 |
IPO Closing Date | August 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 |
Allotment , Listing and Refunds details
IPO Open Date | August 4, 2021 |
IPO Close Date | August 6, 2021 |
Basis of Allotment Date | August 11, 2021 |
Initiation of Refunds | August 12, 2021 |
Credit of Shares to Demat Account | August 13, 2021 |
IPO Listing Date | August 16, 2021 |
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