Devyani International IPO

Devyani International IPO Analysis

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Devyani International IPO will open for subscription from 04 August 2021. The company aims for an issue size of ₹1,838 crores through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Devyani International Limited 

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.

Objects of the Issue

  • Repayment and/or prepayment of the company’s borrowings fully or partially.
  • General corporate purposes.

Competitive strengths

  • 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.

Basic details about the company

Full nameDevyani International Limited 
SectorFast Moving Consumer Goods
IndustryConsumer foods

Dates to remember

IPO Open04 August 2021
IPO Close06 August 2021
Basis of Allotment11 August 2021
Refunds date12 August 2021
Credit to Demat Account13 August 2021
 Listing Date16 August 2021

IPO details

Issue typeBook Building
IPO issue size ₹1,838.00 Cr
Fresh Issue₹440.00 Cr
Offer for sale₹1,398.00 Cr
Face value₹1 per equity share
Price band₹86 to ₹90 per equity share
Retail Allocation10%
Lot size165 Shares
Minimum application1Lot-165 Shares
Maximum application13 Lots-2145 Shares
Minimum application amount₹14,850
Maximum application amount₹193,050
Listing ExchangeBSE & NSE

Company Financials

ParticularsFor the year/period ended (₹ in million)
Total Assets16,684.0718,835.7618,074.90
Total Revenue11,988.9515,350.4113,236.83
Profit After Tax(813.24)(787.52)(592.90)

Valuation of Devyani International (as of FY2020)

Earnings Per Share (EPS)-₹0.50
Price/Earnings (PE ratio)NA
Return on Net Worth (RONW)-48.52%
Net Asset Value (NAV)₹1.03 per share

Company Promoters

  • Ravi Kant Jaipuria
  • Varun Jaipuria
  • RJ Corp Limited

Lead Managers

  • CLSA India Private Limited
  • Edelweiss Financial Services Ltd
  • Kotak Mahindra Capital Company Limited
  • Motilal Oswal Investment Advisors Pvt Ltd

Devyani International IPO Allotment Status

Devyani International IPO allotment will be available on Link Intime’s website.

Click on this link to get allotment status.

Devyani International IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270

Company Contact Information

Devyani International Limited
F-2/7, Okhla Industrial Area,
Phase-I, New Delhi 110 020
Phone: 011 4170 6720

Final thoughts

Devyani International IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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