Devyani International is one of the trusted and biggest franchisees of Yum Brands. Furthermore, in India, Devyani International considers being the leading chain operator in speedy-service restaurants. However, the company is all set to launch its IPO on 4th August. Devyani International IPO is the most awaited to come.
The company got incorporated in the year 1991 and commences its business thereafter. KFC, Costa Coffee, Taco Bell, and Pizza Hut are renowned brands that operate under Devyani International. All of these core brands have a global presence in large numbers. Moreover, as of Dec31,2020, the company has nearly 50 thousand restaurants across 150 countries.
Furthermore, the company has some stores of KFC & Pizza Hut in Nepal and Nigeria. This Yum brand company has some other food and beverages stores like Food Street and Vaango.
Promoters of the Company
Mr. Ravikant Jaipuria, Mr. Varun Jaipuria, and RJ Cop Ltd are the three promoters of the company.
Issuance of Shares
Issue size: Rs. 1400 crore
Face value: Rs.1 per equity share
Listing At: BSE and NSE
The objective of the Issuance of Shares
- To repay or pre-pay company’s borrowings wholly or partially
- For general corporate purposes.
IPO Share Price
The company decides the price band at Rs.86-90 per equity share.
IPO Opening and Closing Date
The Devyani International IPO is likely to open for subscription on 04th August 2021 and will close on 06th August 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 165 shares. Therefore, an investor should subscribe for a minimum count of 165 shares only.
Date of allotment of shares
An allotment of shares (IPO) will be done on 12th August, 2021and which later on credited to your dematerialization account by 13th August 2021.
Tentative Listing Date
The listing date is yet to announce by the company. Moreover, the tentative date of the IPO listing may be 16th August 2021.
Trendy Analysis
Devyani International considers being the trusted brand in the food and beverages industry across the globe. Regardless of Covid-19 infection, the company continues to be in a growing phase with an opening of new 109 stores in just six months. Consequently, the company is financially sound with a strong balance sheet. We would give a “must subscribe” rating to this IPO.