Compiled in 1991, Devyani International Ltd is the largest franchisee of Yum Brands and among the largest fast food restaurants (QSR) in India with 655 stores in 155 cities across the country as of March 31, 2021. Yum Brands Inc operates a wide range of fast food namely Pizza Hut, KFC, and Taco Bell brand.
It operates in the form of 3 businesses; 1. Core Brands (KFC, Pizza Hut, and Costa Coffee stores in India), 2. International Business (exports to Nepal and Nigeria), and 3. Other Businesses (with brand name stores namely Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar) Initially, the business started with the Pizza Hut store in Jaipur but later expanded into 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 Promoters
Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoter.
Company Financials
| 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 | (813.24) | (787.52) | (592.90) |
Objects Of The Issue
- Repayment and/or prepayment of company’s borrowings fully or partially.
- General corporate purposes.
Devyani International IPO – Details
| IPO Opening Date | Aug 04, 2021 |
| IPO Closing Date | Aug 06, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1838 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | [86] To [90] Per Equity Share |
| Market Lot | 165 Shares |
| Min Order Quantity | 165 Shares |
| Listing At | BSE NSE |
| Total Share Issue | 20,42,22,219 Equity Share |
| Register | LinkInTime India Private Limited |
Devyani International IPO – Timetable
| IPO Open Date | Aug 04, 2021 |
| IPO Close Date | Aug 06, 2021 |
| Basis of Allotment Date | Aug 11, 2021 |
| Initiation of Refunds | Aug 12, 2021 |
| Credit of Shares to Demat Account | Aug 13, 2021 |
| IPO Listing Date | Aug 16, 2021 |
Devyani International IPO Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 165 | 14,850 |
| Maximum | 13 | 2145 | 1,93,050 |
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 Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: devyani.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
Devyani International IPO FAQs
| What is Devyani International IPO? 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 equity 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. |
| When Devyani International IPO will open? The Devyani International IPO opens on Aug 4, 2021 and closes on Aug 6, 2021. |
| What is the lot size of Devyani International IPO? Devyani International IPO lot size and the minimum order quantity is 165 Shares. |
| How to apply for Devyani International IPO? 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. |
| When is Devyani International IPO listing date? The Devyani International IPO listing date is announced. The date of Devyani International IPO listing is Aug 16, 2021. |
