IPO

Devyani International Limited IPO

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Consumer Food

Listed On: Aug 16, 2021 at ₹ 140.90 (NSE)

₹ 14850 /165 Shares

Check Allotment

04 Aug, 2021

Open Date

06 Aug, 2021

Close Date

11 Aug, 2021

Allotment Date

16 Aug, 2021

Listing Date
Price Summary

Last Closing

130.10 (44.56%)

52 Week High

209.75

52 Week Low

122.25

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹86-90 per equity share
  • Face Value ₹1 Per Equity Share 
  • Issue Price ₹1,838 crore
    Fresh Issue : ₹440 crore
    Offer for Sale : 15.5 crore eq. Sh. Approximately
  • Listing at BSE, NSE
  • List Price 140.90 (NSE)
  • Listing Date 2021-08-16
  • Lead Manager CLSA India Private Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 10%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹86-90 per equity share, which has a face value of ₹1 Per Equity Share  each, IPO bidding starts from Aug 4, 2021 and ends on Aug 6, 2021. The allotment for IPO will be finalized on Aug 11, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 16, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are CLSA India Private Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd.


The IPO sets its price band at 86-90 for each share. A single application for Devyani International Limited IPO must contain at least 165 shares.

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IPO Subscription Analysis And Details
Retail
39.52x
QIB
95.28x
NII
213.06x
Total
116.70x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 611,01,666 305,50,832 203,67,221 5,50,000 1125,69,719
Day 1 04-08-21 05:00 PM
0.77 x 0.77 11.36 x 1.56 x 2.69 x
Day 2 05-08-21 05:00 PM
1.32 x 6.36 22.95 x 3.10 x 6.61 x
Day 3 06-08-21 08:00 PM
95.28 x 213.06 39.52 x 4.69 x 116.70 x
Total No of Applications
3823578
Subscription on the basis of Applications
30.98
Valuations
Earnings Per Share (EPS) ₹(0.48)/-
P/E Ratio (187.35))
RoNW (48.52)%
Net Asset Value (NAV) - As on 31.03.21 ₹1.03
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 1,668.40 1,883.57 1,807.49
Revenue 1,198.89 1,535.04 1,323.68
Profit After Tax (81.32) (78.75) (59.29)
About Company

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.

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- Promoter(s)

Ravi Kant Jaipuria

Varun Jaipuria

RJ Corp Limited

Pre Issue Share Holding : 75.79%

Post Issue Share Holding : 67.99%

IPO - Issue Objectives
1

Repayment and/or prepayment of company's borrowings fully or partially.

2

General corporate purposes.

IPO - Anchor Investors

KFC, Pizza Hut operator Devyani International raises Rs 824.87 crore from anchor investors ahead of IPO
Prominent investors who participated in the anchor book include Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs, Government of Singapore, Monetary Authority of Singapore, Mirae Asset, Nomura Trust, Private Client Emerging Markets Portfolio, NS Partners Trust, Neuberger Berman Investment, Kuwait Investment Authority Fund, Vantagetrust, Best Investment Corporation, CLSA, Carmignac Portfolio, and Affin Hwang Select Asia Quantum Fund.
General Insurance, Bajaj Allianz Life Insurance, SBI Life Insurance, Aditya Birla Sun Life Insurance, Sundaram Mutual Fund, ICICI Prudential, Tata Mutual Fund, and HDFC Life Insurance also participated in the anchor book.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Devyani International Limited N/A N/A 48,52% 1,198.89
Jubilant Foodworks Limited 27.72 176 15.61% 3,996.89
Westlife Development Limited 17.05 (81.7) (0.08)% 1,030.33
Burger King India Limited 10.13 (32.3) (8.1)% 846.82