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Devyani International Limited IPO (Devyani International IPO) Detail

Aug 4, 2021 - Aug 6, 2021

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:

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

Devyani International IPO Details

Devyani International IPO Date Aug 4, 2021 to Aug 6, 2021
Devyani International IPO Face Value ₹1 per share
Devyani International IPO Price ₹86 to ₹90 per share
Devyani International IPO Lot Size 165 Shares
Issue Size[.] shares of ₹1
(aggregating up to ₹1,838.00 Cr)
Fresh Issue[.] shares of ₹1
(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
Company Promoters

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

Devyani International IPO Timeline (Tentative Timetable)

Devyani International IPO opens on Aug 4, 2021, and closes on Aug 6, 2021. The Devyani International IPO bid date is from Aug 4, 2021 10.00 A.M. to Aug 6, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Devyani International IPO Opening Date Aug 4, 2021
Devyani International IPO Closing Date Aug 6, 2021
Basis of Allotment Aug 11, 2021
Initiation of Refunds Aug 12, 2021
Credit of Shares to Demat Aug 13, 2021
Devyani International IPO Listing Date Aug 16, 2021

Devyani International IPO Lot Size

The Devyani International IPO lot size is 165 shares. A retail-individual investor can apply for up to 13 lots (2145 shares or ₹193,050).

Application Lots Shares Amount
Minimum 1 165 ₹14,850
Maximum 13 2145 ₹193,050

Devyani International IPO Promoter Holding

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

Devyani International IPO Review

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...

New Devyani International IPO Recommendation by Members

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Devyani International IPO Subscription Status (Bidding Detail)

The Devyani International IPO is subscribed 116.70 times on Aug 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)
QIB95.27
NII213.06
Retail39.48
Employee4.70
Total116.70

Devyani International IPO Prospectus

Devyani International IPO Rating

1607
4.0
Rating:Rated 4.0 stars
Vote Here ...

Devyani International IPO Listing Date

Listing Date Monday, August 16, 2021
BSE Script Code 543330
NSE Symbol DEVYANI
Listing In
ISIN INE872J01023
IPO Price ₹90 per share
Face Value ₹1 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹90.00
₹141.00
₹120.75
₹141.05
₹123.35
NSE
₹90.00
₹140.90
₹120.80
₹140.90
₹123.50

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/

Devyani International IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: devyani.ipo@linkintime.co.in
Website: https://linkintime.co.in/

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 Aug 4, 2021, and closes on Aug 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 Aug 4, 2021 and closes on Aug 6, 2021.

Devyani International IPO lot size is 165 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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1416 Comments

616. Shreyash Yadav |   Link |Aug 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 |Sep 2, 2021 3:41:54 PM
I complaint many times but no solution.
Still refund not credit
616.5. Ramesh kumar Baloch |   Link |Sep 2, 2021 3:42:26 PM
I complaint many times but no solution.
Still refund not credit
615. Have Faith |   Link |Aug 25, 2021 11:01:20 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@DSR brother or kitna neche le k jaoo ge ....
615.1. DSR |   Link |Aug 29, 2021 10:18:34 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Have faith ki aur neeche na jaye..:)

But next buying below 100 only.
615.2. Have Faith |   Link |Sep 13, 2021 9:33:45 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@DSR sold or still holding ??
614. Vantage |   Link |Aug 27, 2021 2:12:44 PM
When are the quterly results for devyani exptd to be released ?
614.1. Vantage |   Link |Sep 19, 2021 11:46:00 PM
bump
613. Swing Trader |   Link |Aug 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 |Aug 23, 2021 10:59:07 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
ADDED MORE TODAY
612.1. BatataVada |   Link |Aug 23, 2021 1:37:25 PM
Top Contributor Top Contributor (200+ Posts)
What is target? And estimated time, please advice
611. Viva Parab |   Link |Aug 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 |Aug 23, 2021 10:57:48 AM
IPO Guru IPO Guru (1300+ 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 |Aug 23, 2021 10:12:21 AM
Top Contributor Top Contributor (200+ 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 |Aug 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 |Aug 23, 2021 12:09:50 AM
Mail to Union Bank & LinkInTime. They will unblock your Money. LinkInTime email address is devyani.ipo@linkintime.co.in . You can get Union Bank Contact Details from official website link: https://www.unionbankofindia.co.in/english/contact-us.aspx

You have to mail them 3 things: PAN No., Application Number, and Demat Account No.
608. ipobull |   Link |Aug 15, 2021 8:15:58 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Aug 18, 2021 10:53:56 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Aug 21, 2021 1:32:51 AM
IPO Guru IPO Guru (3000+ Posts, 3100+ 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 |Aug 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 |Aug 16, 2021 9:52:55 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
I placed two orders @150 and @170...

150 one got executed at 140.9
606.10. Have Faith |   Link |Aug 20, 2021 1:20:22 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
DSR hope u have doubled it today
606.11. DSR |   Link |Aug 25, 2021 10:50:47 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
@HaveFaith

Doubled at 110

Now if it goes further down 100 ..will add more.
605. Dhruv Unadkat |   Link |Aug 20, 2021 12:29:19 PM
Should we purchase at this level?
604. mann mundra |   Link |Aug 16, 2021 6:01:19 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Shared offered to
Qib 6,11,01,666
Nii 3,05,50,832
Retail 2,03,67,221
Deliverable quantity
7,93,67,068
Means qib also sold today
Big funds applied for listing gains only .

604.5. Cautious ipo |   Link |Aug 18, 2021 6:21:56 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Qib lock in reduced to 6 months from 1 year by sebi recently
604.6. NeoLongus |   Link |Aug 18, 2021 10:25:51 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ 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 |Aug 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 |Aug 16, 2021 4:01:46 PM
@stefan
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 |Aug 18, 2021 9:45:49 AM
Your order will execute at the Market price only... .no need to worry even if u ordered at higher price
602. ipobull |   Link |Aug 17, 2021 10:22:28 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Aug 17, 2021 11:23:46 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ 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 |Aug 17, 2021 7:45:45 PM
IPO Guru IPO Guru (1400+ Posts, 700+ 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 |Aug 17, 2021 10:32:49 PM
IPO Guru IPO Guru (1400+ Posts, 700+ 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 |Aug 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 |Aug 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 |Aug 17, 2021 11:20:45 AM
IPO Guru IPO Guru (3000+ Posts, 3100+ Likes)
it should cross 150 within 1 month if no market crash
598. rsk |   Link |Aug 17, 2021 7:28:43 AM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |Aug 17, 2021 10:29:56 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Pls, explain in simple language.
597. Regulagedda Ambica Prasad |   Link |Aug 16, 2021 7:08:18 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Started bottom fishing at 121
597.1. S K Roy |   Link |Aug 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.