Devyani International Limited IPO Message Board (Page 30)

Devyani 42-45

GMP is 45. Price band likely to be 61 to 63

@Black Swan

Sir ji
GMP 6.40 se 9.10 me change to hota hai naa ?

Price Band expected to be around Rs 85 +/- Rs 2

Only 95000 forms and applications to touch 30lakh tough allotment......

Devyani International IPO – Schedule *(Final – Pg#390 of RHP)*

30th July – Announcement of Price Band
03rd Aug – Anchor Investors Allotment
04th Aug – Offer Opens
06th Aug – Offer Closes
11th Aug – Finalisation of Basis of Allotment
12th Aug – Unblocking of ASBA Accounts
13th Aug – Credit of Equity Shares to Depository Accounts
16th Aug – Commencement of Trading


Devyani International IPO – Issue Information *(Tentative - Revised)*

Issue Opens on: 04 August 2021
Issue Closes on: 06 August 2021
Issue Type: Book Built Issue IPO
Issue Size: 22,51,74,600 Shares
Face Value: Re.1/- per Share
Issue Price: Rs.60 – Rs.63 Share *(Tentative - Revised)*
Discount: Rs.??/- per Share (for Employees)
Market Lot: 238 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 1,15,36,34,990 Shares
Fresh Issue of 6,98,41,269 Shares @63/- = Rs.440.00Crs
Offer for Sale of 15,53,33,330 Shares @63/- = Rs.978.60Crs
Equity Shares outstanding after the Issue = 1,22,34,76,259 Shares

Category-wise Break up:
Anchor – 10,10,81,070 Shares = 636.81Crs
QIB – 6,73,87,380 Shares = 424.54Crs
NII – 3,36,93,690 Shares = 212.27Crs
RII – 2,24,62,460 Shares = 141.51Crs (Lot size: 238 = 94,380 Forms)
Empl. – 5,50,000 Shares = 3.47Crs (Discount @??)
Total Issue – 22,51,74,600 Shares = 1,418.60Crs.

Subscription required for 1X
RII = 94,380 Forms
NII = 212.27 Crs


Devyani International IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated July 26, 2021 (432 pages)

EPS for FY18-19 >>> Rs. (0.75) (Page #102 of RHP)
EPS for FY19-20 >>> Rs. (1.14) (Page #102 of RHP)
EPS for FY20-21 >>> Rs. (0.50) (Page #102 of RHP)

RoNW for FY18-19 >>> (NA)% (Page #103 of RHP)
RoNW for FY19-20 >>> (NA)% (Page #103 of RHP)
RoNW for FY20-21 >>> (48.52)% (Page #103 of RHP)

NAV as on March 31, 2021 was Rs.1.03 (Page #103 of RHP)

Listed Industry Peer Group (Page #103 of RHP): Jubilant FoodWorks, Westlife Development, Burger King India



Devyani International IPO – *Market’s Current Estimates of oversubscription*:

NII = 40KCrs. = ~188.44X
RII = 30L Forms = 31.79X Applic. wise (Avg allotment of ~7.49 shares per lot)

Interest cost *@8.00%p.a.* for 7days = *09.67paise for 1X*

Thus, for NII the costing = 188.44 X 09.67 paise = Rs.18.21 per share (= GMP)

And, for RII the costing = 18.21 X 7.49 = Rs.136/- (= Kostak)


Devyani International IPO – *GMP Estimated*

GMP 16.00 +/- 0.25
Kostak 120 +/- 10
Subject 2 @3,250/-

@spock

Will be around 1.25 Lacs Forms

Price band mentioned by Eagleye is the correct one. Though i feel GMP of 16 is low

Devyani 38-41

Devyani Tentative Price Band Near 83-87 +/- Rs. 2

HOS Devyani GMP 38-40

For me, devyani is a surely apply. Previous QSR chain ipo were a hit. Burger King gave very good return. Even barbeque nation delivered good return.
This ipo is a combination of Pizza hut, kfc, costa coffee and yum. Based on previous listing history, I am positive on this Ipo

Real Q is that after Burger King, Jubilant Foodworks and Zomato, do we really need to be invested in another stock to play the India Dine-in / Dine-out / QSR story? And one that has far less compelling financials and also along with a strong brand like KFC has other laggard brands in the bouquet. Also, the other Company of the group, Varun Beverages, is more story than performance!

Not to mention, those who already have BBQ and Hard Castle.

Bit much of a choice! Can be choosy and gravitate towards quality!

Woke generation is starting soon left wing activist will demand ban on animal for food
Indian consume non veg less than rest of world
India may have 70% of non veg but large chunk of them consume once a month, once a year etc.
Btw corona caused by china eating bat. Who know 10yrs later chicken to start infecting human

Car trade ipo confirm.. 4 aug.
Size 2000 cr.
Aptus value housing.. 9 aug
Size. 3000cr.
Krishna diagnostic.. in 11 aug
Size 1200 cr.
Arohan financial.. 16 aug
Size. 1600 cr.

Tentative / Confirmed Timeline of Current & upcoming IPOs

•      Tatva Chintan Pharma Chem Ltd. (Price Band : Rs. 1073.00 to Rs. 1083.00)

•      Issue is Already Closed
•      Allotment: Done
•      Listing : 29th July 2021

•      Glenmark Life Sciences Ltd. (Price Band: Rs. 695.00 to Rs. 720.00)

•      Dates: 27th July to 29th July
•      Allotment: 3rd August 2021
•      Funds Un Block: 4th August 2021
•      Credit of Shares in Demat Account : 5th August 2021
•      Listing : 6th August 2021

•      Rolex Rings Ltd. (Price Band: Rs. 880.00 to Rs. 900.00)

•      Dates: 28th July to 30th July
•      Allotment: 4th August 2021
•      Funds Un Block: 5th August 2021
•      Credit of Shares in Demat Account : 6th August 2021
•      Listing : 9th August 2021

•      Windlas Biotech Ltd. (Price Band: To be Announced)

•      Dates: 4th August 6th August
•      Allotment: 11th August 2021
•      Funds Un Block: 12th August 2021
•      Credit of Shares in Demat Account : 13th August 2021
•      Listing : 16th August 2021

•      Devyani International Ltd. (Price Band: To be Announced)

•      Dates: 4th August 6th August
•      Allotment: 11th August 2021
•      Funds Un Block: 12th August 2021
•      Credit of Shares in Demat Account : 13th August 2021
•      Listing : 16th August 2021

Dear Team,
Kindly share the link of RHP

Price band 60-62 (Tentative)

Devyani International IPO – *Market’s Current Estimates of oversubscription*:

NII = 40KCrs. = ~190.52X
RII = 30L Forms = 31.89X Applic. wise (Avg allotment of ~7.53 shares per lot)

Interest cost *@8.00%p.a.* for 7days = *09.51paise for 1X*

Thus, for NII the costing = 190.52 X 09.51 paise = Rs.18.12 per share (= GMP)

And, for RII the costing = 18.12 X 7.53 = Rs.136/- (= Kostak)


Devyani International IPO – *GMP Estimated*

GMP 20 +/- 0.25
Kostak 150 +/- 10
Subject 2 @4,000/-

Devyani International IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated July 26, 2021 (432 pages)

EPS for FY18-19 >>> Rs. (0.75) (Page #102 of RHP)
EPS for FY19-20 >>> Rs. (1.14) (Page #102 of RHP)
EPS for FY20-21 >>> Rs. (0.50) (Page #102 of RHP)

RoNW for FY18-19 >>> (NA)% (Page #103 of RHP)
RoNW for FY19-20 >>> (NA)% (Page #103 of RHP)
RoNW for FY20-21 >>> (48.52)% (Page #103 of RHP)

NAV as on March 31, 2021 was Rs.1.03 (Page #103 of RHP)

Listed Industry Peer Group (Page #103 of RHP): Jubilant FoodWorks, Westlife Development, Burger King India

Devyani International IPO – Issue Information *(Tentative)*

Issue Opens on: 04 August 2021
Issue Closes on: 06 August 2021
Issue Type: Book Built Issue IPO
Issue Size: 22,63,01,071 Shares
Face Value: Re.1/- per Share
Issue Price: Rs.60 – Rs.62 Share
Discount: Rs.??/- per Share (for Employees)
Market Lot: 240 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 1,15,36,34,990 Shares
Fresh Issue of 7,09,67,741 Shares @62/- = Rs.440.00Crs
Offer for Sale of 15,53,33,330 Shares @62/- = Rs.963.07Crs
Equity Shares outstanding after the Issue = 1,22,46,02,731 Shares

Category-wise Break up:
Anchor – 10,15,87,982 Shares = 629.85Crs
QIB – 6,77,25,321 Shares = 419.90Crs
NII – 3,38,62,661 Shares = 209.95Crs
RII – 2,25,75,107 Shares = 139.97Crs (Lot size: 240 = 94,063 Forms)
Empl. –5,50,000 Shares = 3.41Crs (Discount @??)
Total Issue – 22,63,01,071 Shares = 1,403.07Crs.

Subscription required for 1X
RII = 94,063 Forms
NII = 209.95 Crs

Devyani International IPO – Schedule *(Final – Pg#390 of RHP)*

30th July – Announcement of Price Band
03rd Aug – Anchor Investors Allotment
04th Aug – Offer Opens
06th Aug – Offer Closes
11th Aug – Finalisation of Basis of Allotment
12th Aug – Unblocking of ASBA Accounts
13th Aug – Credit of Equity Shares to Depository Accounts
16th Aug – Commencement of Trading

Devyani International Limited RHP Filled on 26-Jul-2021.

Issue Date : 4th to 6th Aug

Fresh Issue of Rs. 440 Cr & OFS of 155,333,330 Shares

Employees'' Reservation : 550,000 Shares

QIB: 75%
NII: 15%
Retail: 10%

Devyani International Limited file

RHP Date : 26-Jul-2021

Fresh : 440 Cr
OFS : 155,333,330 Shares
Retail : 10%
EMP : 550,000 Shares
FV : 1

IPO Open : August 4, 2021
IPO Close : August 6, 2021
Basis of Allotment : August 11, 2021
Initiation of Refunds: August 12, 2021
Credit of Shares : August 13, 2021
IPO Listing Date : August 17, 2021

I won''t applying this IPO ..... Apply any other ipo

Ok Noted

It checks all the boxes for a good return

Sells addictive unhealthy food with cheap material
Loss making (which shows potential, positive one is not good since there is no greed for unknown)
Big brand names
It has story and we love stories so good for long term too

What an issue, all term basis buy

Devyani, Cartrade, Windlas and one more on same dates. Training IPO. Atleast one company will get less than one time IPO subscription and become like Gland and Sona BLW