• Facebook
  • Twitter
  • Instagram
  • RSS
  • FinGrad
  • Market News
  • Company Results
  • Corporate Actions
  • Economy
  • Portal
  • Screener
  • Youtube
  • Forum
  • *We’re Hiring!
0 Items
Trade Brains
  • Articles
  • News
  • IPO
  • Demat Account
    • Compare Stock Brokers
    • Zerodha
    • FundsIndia
    • Espresso
  • FinGrad
  • Resources
    • Podcast
    • Quizzes
    • Intrinsic Value Calculators
    • SIP Calculator
    • Best Quotes
    • Books
      • Dividend Investing
      • Value Investing
      • Investing Mindset
      • Book Reviews
      • FREE Guide
    • Videos
Select Page

Devyani International IPO Review 2021 – IPO Date, Offer Price & Details!

by Aron Almeida | Aug 4, 2021 | IPO | 0 comments

Devyani International IPO cover image

Devyani International IPO Review 2021: Pizza Hut, KFC, Costa Coffee, and Taco Bell operator i.e. Devyani International Ltd. IPO will hit the Indian markets from August 4th to August 6th. They aim to raise Rs. 1,213.33 crores through a public offering.

Unleash the Trader in You FinGrad Banner

In this article, we look into important information on the Devyani International IPO and find out the possible prospects of the company.

Table of Contents

  • Devyani International IPO Review – About the Company 
  • Grey Market Premium of Devyani International IPO
  • Devyani International IPO Review – Key IPO Information
  • Purpose of the Devyani International IPO
  • In Closing 

Devyani International IPO Review – About the Company 

Devyani International Limited Logo

Founded in 1991, Devyani International Ltd. is the largest quick-service restaurant (QSR) chain operator in India operating brands like Pizza Hut, KFC, Taco Bell, and Costa Coffee. As of March 31, 2021, the company operated 655 stores across 155 cities in India. 

Devyani Internationals operates through 3 business verticals i.e. KFC, Pizza Hut, and Costa Coffee. The company initially started off with a Pizza Hut store in Jaipur, eventually expanding into KFC too.

As of 31st March 2021, the company operated 264 KFC stores, 297 Pizza Hut stores, and 44 Costa Coffee stores in India. The company has maintained a strong presence in metro cities across India. They have not only expanded across India but also Internationally into Nepal and Nigeria.

Devyani International Assets over the years

Devyani’s other QSR business verticals (KFC Pizza, Hut, and Costa Coffee) include Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar.

As of FY2021 their core brands made up 85% of their sales domestically and 95% including international sales. The remaining 5% of sales came from its other business verticals. 

DIL's profit over the years | Devyani International IPO

The company like many others in the industry too suffered from the effects of Covid-19. Devyani’s revenue dropped by 25% during the pandemic. The QSR giant however adapted using other channels like food delivery during the lockdown using Zomato and Swiggy.

The pandemic however failed to slow down the growth of DIL. They instead opened 109 core brand business stores across the country in the last 6 months. 

The fast market shows immense promise in the country thanks to the huge untapped market size of the country. The brand run by Devyani mainly targets the younger population. The revenues of the foodservice sector are expected to grow at a CAGR of 15.5% from 2020 to 2025. 

Grey Market Premium of Devyani International IPO

The shares of Devyani International were trading at around a 68% premium in the grey market before the IPO. The shares traded at a price of Rs. 149 giving them a premium of Rs.62 over their issue price band of Rs 86-90 per share.

ALSO READ

Krsnaa Diagnostics IPO Review 2021 – IPO Date, Offer Price & Details!

Devyani International IPO Review – Key IPO Information

The promoters of the company are Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Ltd. The Rs. 1,838 crore issue also includes an offer for sale by existing investors Dunearn Investments and RJ Corp for Rs. 1,398 crores. 

They have appointed Kotak Mahindra Capital Company Ltd, CLSA India Pvt Ltd, Edelweiss Financial Services Ltd, Motilal Oswal Investment Advisors Ltd as the lead managers to the issue. Link Intime India Private Ltd has been appointed as the registrar. 

ParticularsDetails
IPO Size₹1,838.00 Cr
Fresh Issue₹440.00 Cr
Offer For Sale(OFS)₹1,398.00 Cr
Opening DateAug 4, 2021
Closing DateAug 6, 2021
Face Value₹1 per equity share
Price Band₹86 to ₹90 per equity share
Lot Size165 Shares
Minimum Lot Size1
Maximum Lot Size13
Listing DateAug 16, 2021

Purpose of the Devyani International IPO

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

ALSO READ:

How to apply for an IPO with Zerodha Account?

In Closing 

The IPO opens on 4th August and closes on 6th August 2021. For retail investors, it can be a good opportunity to look into the company’s future prospects and apply for the IPO if they believe in the products and growth prospects of Devyani International Ltd.

That’s all for this post. Do let us know what you think of the Devyani International IPO review. Are you planning to apply for this IPO or not? Comment below. Cheers!

tradebrains portal app download
Aron Almeida Equity Research Trade Brains
Aron Almeida

Aron, Bachelors in Commerce from Mangalore University, entered the world of Equity research to explore his interests in financial markets. Outside of work, you can catch him binging on a show, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating kid’s ice-cream is the best way to teach them taxes.


Start Your Stock Market Journey Today!

Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Search Topic or Keyword

Trending Articles

  • Fundamental Analysis Of Bharat Dynamics - Cover ImageFundamental Analysis Of Bharat Dynamics – Company, Future Plans & More
  • World Stock Market Timings - Cover ImageWorld Stock Market Timings in Indian Standard Time (IST)
  • Top Blue chip Mutual Funds in India - Cover ImageTop Blue Chip Mutual Funds In India 2023 – Expense Ratio & More Details
  • What is EBITDA Margin - Cover ImageWhat is EBITDA Margin In Stock Market? Calculations, Limitation & More
  • Top Dividend Paying Mutual Funds - Cover ImageTop Dividend Paying Mutual Funds In India – CAGR, Expense Ratio & More
  • Fundamental Analysis of Petronet LNG - Cover ImageFundamental Analysis Of Petronet LNG – Financials, Future Plans & More
  • Udayshivakumar Infra IPO Review - Cover ImageUdayshivakumar Infra IPO Review – Strengths, Financials & More
  • Fundamental Analysis of Bharat Electronics - Cover ImageFundamental Analysis Of Bharat Electronics – Financials & More
  • Top Ethanol Stocks In India - Cover ImageTop Ethanol Stocks In India To Add To Your Watchlist in 2023
  • Top Large Cap Mutual Funds In India - Cover ImageBest Large Cap Mutual Funds In India – CAGR, Expense Ratio & More

Recent IPO’s

  • Udayshivakumar Infra IPO Review – Strengths, Financials & More
  • Global Surfaces IPO Review – Strengths, Weaknesses & More
  • Divgi TorqTransfer Systems IPO Review
  • Sah Polymers IPO Review 2022 – GMP, Strengths, & More!
  • Radiant Cash Management IPO Review – Strengths, Weaknesses & More!

Easiest Stock Screener Tool!

Best stock discovery tool with +130 filters, built for fundamental analysis. Profitability, Growth, Valuation, Liquidity, and many more filters. Search Stocks Industry-wise, Export Data For Offline Analysis, Customizable Filters.

  • — Stock Screener
  • — Compare Stocks
  • — Stock Buckets
  • — Portfolio Backtesting

Start your stock analysis journey with Trade Brains Portal today. Launch here!

Keep the Learning On!

Subscribe to Youtube to watch our latest stock market videos. Subscribe here.

About Trade Brains

Trade Brains is a Stock market analytics and education service platform in India with a mission to simplify stock market investing.

Phone: [+91] 8088491790
EMail: info@tradebrains.in

To Advertise/Press Releases/Get backlinks on this website, please e-mail us at advertise@tradebrains.in

Quick Links

  • Trade Brains Portal
  • Stock Screener
  • Compare Stocks
  • Trade Brains News
  • Fair Value Calculator
  • Fingrad Academy
  • Subscribe on Youtube

Resources

  • Stock Market Courses
  • How to Start Investing?
  • Value Investing Course
  • Must-Read stock market books
  • Stock Analysis Guide
  • Options Trading Course
  • Technical Analysis Course

Download Our Apps

Trade Brains Portal Google playstore

Trade Brains Portal Appstore

  • About
  • Careers
  • Advertise & Backlinks
  • Terms and Conditions
  • Disclaimer & Privacy Policy
  • Contact
  • Facebook
  • Twitter
  • Instagram
  • RSS
2023 © Dailyraven Technologies Pvt Ltd - All Right Reserved