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Devyani International Limited IPO (Devyani International IPO) Detail

August 4, 2021 - August 6, 2021

Devyani International IPO is a book built issue of Rs 1,838.00 crores. The issue comprises of fresh issue of Rs 440.00 crore and offer for sale of 15.53 crore shares.

Devyani International IPO bidding started from August 4, 2021 and ended on August 6, 2021. The allotment for Devyani International IPO was finalized on Wednesday, August 11, 2021. The shares got listed on BSE, NSE on August 16, 2021.

Devyani International IPO price band is set at ₹86 to ₹90 per share. The minimum lot size for an application is 165 Shares. The minimum amount of investment required by retail investors is ₹14,850.

Clsa India Private Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Devyani International IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Devyani International IPO RHP for detailed information.

Devyani International IPO Details

IPO Date August 4, 2021 to August 6, 2021
Listing Date August 16, 2021
Face Value ₹1 per share
Price Band ₹86 to ₹90 per share
Lot Size 165 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,838.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹440.00 Cr)
Offer for Sale155,333,330 shares of ₹1
(aggregating up to ₹1,398.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Devyani International IPO Reservation

Devyani International IPO offers 112,569,719 shares. 61,101,666 (54.28%) to QIB, 30,550,832 (27.14%) to NII, 20,367,221 (18.09%) to RII, 550,000 (0.49%) to employees. 123,437 RIIs will receive minimum 165 shares and (sNII) and (bNII) will receive minimum 2,310 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered61,101,666 (54.28%)NA
NII (HNI) Shares Offered30,550,832 (27.14%)
Retail Shares Offered20,367,221 (18.09%)123,437
Employee Shares Offered550,000 (0.49%)NA
Total Shares Offered112,569,719 (100%)

Devyani International IPO Timeline (Tentative Schedule)

Devyani International IPO opens on August 4, 2021, and closes on August 6, 2021.

IPO Open Date Wednesday, August 4, 2021
IPO Close Date Friday, August 6, 2021
Basis of Allotment Wednesday, August 11, 2021
Initiation of Refunds Thursday, August 12, 2021
Credit of Shares to Demat Friday, August 13, 2021
Listing Date Monday, August 16, 2021
Cut-off time for UPI mandate confirmation 5 PM on August 6, 2021

Devyani International IPO Lot Size

Investors can bid for a minimum of 165 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 165 ₹14,850
Retail (Max) 13 2145 ₹193,050
Lot Size Calculator

Devyani International IPO Promoter Holding

Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoter.

Share Holding Pre Issue 75.79%
Share Holding Post Issue 67.99%

About 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.

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.

Company Financials

Summary of financial Information (Restated Consolidated)
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 (629.87) (1,214.18) (941.44)

Objects of the Issue (Devyani International IPO Objectives)

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

Devyani International IPO Review (May apply)

[Dilip Davda]  Indiaââ‚-â„¢s stock markets are getting matured to match the global market's behaviour. The recent saga of Zomato may see a re-run of history for this food segment loss-making enterprise that has been on its footprint expansion mode. Though the financial parameters and negative P/E is not on the radar for this issue, it will play just on the sentimental count for a while. Hence cash surplus/risk seekers may consider investing in this fancy foods outlet most preferred by todayââ‚-â„¢s generation. Read detail review...

Devyani International IPO Subscription Status (Bidding Detail)

The Devyani International IPO is subscribed 116.70 times on August 6, 2021 6:50:00 PM. The public issue subscribed 39.48 times in the retail category, 95.27 times in the QIB category, and 213.06 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 31.11 times

CategorySubscription (times)

Devyani International IPO Prospectus

Devyani International IPO Rating

Rating:Rated 4.0 stars
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Devyani International IPO Listing Details

Listing Date August 16, 2021
BSE Script Code 543330
ISIN INE872J01023
Final Issue Price ₹90 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Devyani International Limited Contact Details

Devyani International Limited
F-2/7, Okhla Industrial Area,
Phase-I, New Delhi 110 020

Phone: 011 4170 6720

Devyani International IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Devyani International IPO FAQs

Devyani International IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹1,838.00 Crores. The issue is priced at ₹86 to ₹90 per share. The minimum order quantity is 165 Shares.

The IPO opens on August 4, 2021, and closes on August 6, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Devyani International IPO using UPI as a payment gateway. Zerodha customers can apply in Devyani International IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Devyani International IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Devyani International IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Devyani International IPO opens on August 4, 2021 and closes on August 6, 2021.

Devyani International IPO lot size is 165 Shares, and the minimum amount required is ₹14,850.

You can apply in Devyani International IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Devyani International IPO will be done on Wednesday, August 11, 2021, and the allotted shares will be credited to your demat account by Friday, August 13, 2021. Check the Devyani International IPO allotment status.

The Devyani International IPO listing date is on August 16, 2021.
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Devyani International IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



616. Shreyash Yadav |   Link |  Bookmark |August 26, 2021 12:26:24 AM
My lien amount is still not Unblocked.. Bank is Union Bank of India.

Is there anyone else facing this issue?
616.4. Ramesh kumar Baloch |   Link |  Bookmark |September 2, 2021 3:41:54 PM
I complaint many times but no solution.
Still refund not credit
616.5. Ramesh kumar Baloch |   Link |  Bookmark |September 2, 2021 3:42:26 PM
I complaint many times but no solution.
Still refund not credit
615. Have Faith |   Link |  Bookmark |August 25, 2021 11:01:20 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@DSR brother or kitna neche le k jaoo ge ....
615.1. DSR |   Link |  Bookmark |August 29, 2021 10:18:34 PM
Have faith ki aur neeche na jaye..:)

But next buying below 100 only.
615.2. Have Faith |   Link |  Bookmark |September 13, 2021 9:33:45 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@DSR sold or still holding ??
614. Vantage |   Link |  Bookmark |August 27, 2021 2:12:44 PM
When are the quterly results for devyani exptd to be released ?
614.1. Vantage |   Link |  Bookmark |September 19, 2021 11:46:00 PM
613. Swing Trader |   Link |  Bookmark |August 27, 2021 11:52:39 AM
Accumulated small quantity today , will add more if it starts to move up from these levels .
612. DownriteVJ |   Link |  Bookmark |August 23, 2021 10:59:07 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
612.1. BatataVada |   Link |  Bookmark |August 23, 2021 1:37:25 PM (300+ Posts)
What is target? And estimated time, please advice
611. Viva Parab |   Link |  Bookmark |August 23, 2021 10:26:49 AM
Devyan9 is available at 111/-. Is this good time to buy or will it go further down. Please suggest.. Friends
611.1. DownriteVJ |   Link |  Bookmark |August 23, 2021 10:57:48 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Yes, but buy in small chunks rather than 1 go.

Example - If you plan to buy 100 qty. But 25 today and go on buying if it falls back tomorrow or so
610. BatataVada |   Link |  Bookmark |August 23, 2021 10:12:21 AM (300+ Posts)
What is your strategy going forward in Devyani? It has been hitting new low everyday. The listing day top 140.90 now seems unachievable this year. Please advice.
609. RAVIKIRAN D |   Link |  Bookmark |August 22, 2021 9:17:49 AM
Hi All, Can someone please help my money in the union bank still not unblocked even after mandate is expired on 21St August. It will be really great if anyone can respond
609.1. Jay. |   Link |  Bookmark |August 23, 2021 12:09:50 AM
Mail to Union Bank & LinkInTime. They will unblock your Money. LinkInTime email address is . You can get Union Bank Contact Details from official website link:

You have to mail them 3 things: PAN No., Application Number, and Demat Account No.
608. ipobull |   Link |  Bookmark |August 15, 2021 8:15:58 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
@ Eagleye mam,
I had applied for maximum lots in retail category from couple of applications in Aptus, which was oversubscribed 1.35 times in the said category. How many lots may I get ? Is it still 1 lot max. or more is possible?
608.10. ipobull |   Link |  Bookmark |August 18, 2021 10:53:56 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
@pramod gupta,
I got my answer. I received 415 shares out of total applied 546 shares. So, we get on proportionate basis in issues subscribed less than 2 times.
608.11. lokes |   Link |  Bookmark |August 21, 2021 1:32:51 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@ipobull: it''s not straightforward that if issue is subscribed less than two times then it will be proportionate basis....
it may be possible that if you apply for 13 lots and still get only one lot if issue is subscribed 1.5 times or 1.9 times whatever....
It all depends on application wise subscription and how many people are applying for more than one lot in one application and how many lots they are applying like 2 or 13 etc and on application rejections including not accepting upi mandates
607. Stefan |   Link |  Bookmark |August 20, 2021 8:47:59 PM
Anybody please give advice .... Maine aaj 13 shares liye 4905 pr or execute bi itne hi hue or notification bi 4905 ka aaya .... Or jb notification pr click kr rha hu to vha bi avg price 4905 dika rha h ..... Pr jb m port foliyo dek rha hu to vha vo shares 4953 dika rha h asa kyu?
606. DSR |   Link |  Bookmark |August 16, 2021 9:52:55 AM
I placed two orders @150 and @170...

150 one got executed at 140.9
606.10. Have Faith |   Link |  Bookmark |August 20, 2021 1:20:22 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
DSR hope u have doubled it today
606.11. DSR |   Link |  Bookmark |August 25, 2021 10:50:47 PM

Doubled at 110

Now if it goes further down 100 ..will add more.
605. Dhruv Unadkat |   Link |  Bookmark |August 20, 2021 12:29:19 PM
Should we purchase at this level?
604. mann mundra |   Link |  Bookmark |August 16, 2021 6:01:19 PM (200+ Posts, 100+ Likes)
Shared offered to
Qib 6,11,01,666
Nii 3,05,50,832
Retail 2,03,67,221
Deliverable quantity
Means qib also sold today
Big funds applied for listing gains only .

604.5. Cautious ipo |   Link |  Bookmark |August 18, 2021 6:21:56 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Qib lock in reduced to 6 months from 1 year by sebi recently
604.6. NeoLongus |   Link |  Bookmark |August 18, 2021 10:25:51 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
@Cautious - QIB lockin hasn''t been reduced but instead pre-IPO, non-promoter shareholding lock-in has been reduced to 6 months from 1 year.
603. Stefan |   Link |  Bookmark |August 16, 2021 12:00:08 PM
@ipo guru ....please suggest

I ordered 15 shares at 1067 by mistake.... So what will i do now?
603.9. Vantage |   Link |  Bookmark |August 16, 2021 4:01:46 PM
Its anybody''s guess as it''s not in control of any one person , its demand vs supply of many many people. in such cases one can only depend on events that are certain , one such event is -

announcement of results in next earnings call and that announcement carrying favorable numbers. You can check when is the company''s next earning call, most likely , it will be 3 months away from prev one.

Hope this helped
603.10. Makxykx |   Link |  Bookmark |August 18, 2021 9:45:49 AM (300+ Posts)
Your order will execute at the Market price only... .no need to worry even if u ordered at higher price
602. ipobull |   Link |  Bookmark |August 17, 2021 10:22:28 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
I''m staying long in Devyani just like in Zomato. I do not see much downside in both these stocks unless their financial performance is abysmal.
602.1. ipobull |   Link |  Bookmark |August 17, 2021 11:23:46 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
The situation should be lot better by Diwali unless the third wave of Corona proves devastating which does not look so.
601. Monster Zero |   Link |  Bookmark |August 17, 2021 7:45:45 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Subject: Intimation regarding Closure of Trading Window
Dear Sir/Madam, Pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and further clarification issued by the Stock Exchanges in this regard, we wish to inform you that the Trading Window for trading in Equity Shares of the Company will remain close from Monday, August 16, 2021 till end of 48 hours after the declaration of Financial Results for the Quarter and Half Year ending September 30, 2021. During the closure of Trading Window, insiders have been advised not to deal in Equity Shares of the Company. The date of the Board Meeting of the Company for declaration of Financial Results for the Quarter and Half Year ending September 30, 2021 will be intimated in due course. You are requested to kindly take the same on record. Thanking You, Yours faithfully, For Devyani International Limited
601.4. Monster Zero |   Link |  Bookmark |August 17, 2021 10:32:49 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Do you see the word "and" in between.......if you want any further clarification..u can check the official document on BSE..
I just copied and pasted the data...
601.5. Vantage |   Link |  Bookmark |August 27, 2021 10:41:34 AM
Thanks MonsterZero, this is good info.

I wanted to know where can one check for the upcoming dates for devyani''s quaterly results.

600. ipo kinggg |   Link |  Bookmark |August 17, 2021 10:13:20 PM
NO allotment in Devyani but amt is still marked lien in SBI ... I applied thru UPI bhim app

Some one pls help ....

Also , same for Cartrade .... Is there any problem thru UPI bhim app
599. lokes |   Link |  Bookmark |August 17, 2021 11:20:45 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
it should cross 150 within 1 month if no market crash
598. rsk |   Link |  Bookmark |August 17, 2021 7:28:43 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
No Bulk or Block Deals. Relatively very less large intraday deals also.
Almost no large deal between 11 am to about 2.30pm.
This is not QIBs selling?
See BOA and last few entries for NIIs, probably would reveal some info.

16-08-2021      NSE      90,931      123.00      1.12      15:19
16-08-2021      NSE      93,135      124.85      1.16      15:06
16-08-2021      NSE      110,215      124.90      1.38      15:06
16-08-2021      NSE      136,198      123.85      1.69      15:03
16-08-2021      NSE      238,738      124.00      2.96      15:00
16-08-2021      NSE      92,609      124.05      1.15      14:52
16-08-2021      BSE      100,000      125.60      1.26      10:50
16-08-2021      BSE      101,470      127.80      1.3      10:41
16-08-2021      BSE      81,802      139.95      1.14      10:00
598.1. Kiaan |   Link |  Bookmark |August 17, 2021 10:29:56 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Pls, explain in simple language.
597. Regulagedda Ambica Prasad |   Link |  Bookmark |August 16, 2021 7:08:18 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Started bottom fishing at 121
597.1. S K Roy |   Link |  Bookmark |August 16, 2021 10:50:54 PM
I think 121 is today''s lowest price. I too bought at 122.5 and set order at 113 and 101. Lets see whether these price come or not. Eying for a target of 180 at least.