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 name | Devyani International Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer foods |
| Company Website | www.dil-rjcorp.com |
Dates to remember
| IPO Open | 04 August 2021 |
| IPO Close | 06 August 2021 |
| Basis of Allotment | 11 August 2021 |
| Refunds date | 12 August 2021 |
| Credit to Demat Account | 13 August 2021 |
| Listing Date | 16 August 2021 |
IPO details
| Issue type | Book 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 Allocation | 10% |
| Lot size | 165 Shares |
| Minimum application | 1Lot-165 Shares |
| Maximum application | 13 Lots-2145 Shares |
| Minimum application amount | ₹14,850 |
| Maximum application amount | ₹193,050 |
| Listing Exchange | BSE & NSE |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 16,684.07 | 18,835.76 | 18,074.90 |
| Total Revenue | 11,988.95 | 15,350.41 | 13,236.83 |
| 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
Email: devyani.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Devyani International Limited
F-2/7, Okhla Industrial Area,
Phase-I, New Delhi 110 020
Phone: 011 4170 6720
Email: companysecretary@dil-rjcorp.com
Website: http://www.dil-rjcorp.com/
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