Devyani International IPO GMP Today, Subscription Status, Dates, Share Price, Review, and more

Devyani International Limited is the largest franchise of Pizza Hut, KFC, and Costa Coffee chains in India. Check Devyani IPO Grey Market Premium, Subscription Status, Share Price, Dates, and more

by FighterMan Updated: 19 Aug, 2021, 18:51 IST
13 7786

Devyani International Limited (Pizza Hut, KFC, Costa Coffee) is here with its initial public offering. It will clash with the Windlas Biotech IPO as the upcoming IPO in August 2021. It’s issue size is Rs 1838 crore with approx 15 crore shares (10% retail quota) via offer-for-sale. This company is into QSR (quick service restaurants) franchise operations. We will go through Devyani International IPO GMP Today, Subscription Status, Dates, Share Price, Review, Company Profile, and more.

devyani international ipo
Devyani International Limited Company Profile

Devyani International Limited is the franchise owner of Pizza Hut, KFC, Taco Bell, and Costa Coffee restaurant chains in India in partnership with Yum Brands (American fast food corporation). It is the largest franchise of Yum Brands in India with 655 stores in 155 cities (as of 31st March’21).

It has Pizza Hut and KFC stores in Nepal and Nigeria as well. Moreover, it operates its own brands in Vaango (South Indian food), Masala Twist, Ile Bar, Amreli, Ckrussh Juice Bar and Food Street (brand food courts in malls, airports, etc).

At the end of financial year 20-21, it had 297 Pizza Hut, 264 KFC, and 44 Costa Coffee outlets in the country. Some of its core business strengths include global brands, QSR (quick service restaurant), key consumption market, cross brand synergies, and focus on cash flows & returns.

Devyani International Limited Company Financials

We will talk about the Devyani International Limited Company Financials in terms of assets, revenue, and profits in the past 3 years.

Restated Consolidated Report

FY 18-19

FY 19-20

FY 20-21

Assets

1807 cr

1883 cr

1668 cr

Revenue

1323 cr

1535 cr

1198 cr

Profit (after tax)

59 cr

78 cr

81 cr

As we can see, the assets value has decreased. Revenue increased in the middle year, but had a drop after that. However, profits increased year-by-year which is great for its IPO launch. Additionally, it saw a 13.58% CAGR growth as it rose from 469 to 605 stores. One of the important things to note here is that its Return On Networth is 48.52% while Jubilant Foodworks (Domino's Pizza) and Burger King are at 24.95% and 27.80% respectively.

Devyani International IPO Details : Upcoming IPO in August 2021

The Devyani International IPO plans to raise Rs 1838 crores with Rs 440 crores in fresh issue and offer-for-sale of approx 15 crore shares. Retail investors quota might be 10% in this public issue. Its face value is Rs 1 per equity share. It is the upcoming IPO in August 2021 to watch out for. 

Related Read : Windlas Biotech IPO GMP Today, Share Price, Dates, Review, and more

This company had maximum stores listed on Zomato and Swiggy during the lockdown. Moreover, it ranks 2nd in the list of largest QSRs in the world. Besides, it is a subsidiary of RJ Corp Limited which is the largest bottling partner of PepsiCo. During the lockdown, it opened around 100 new stores which gave a boost to its initial public offering status.

Kotak Mahindra Capital, Edelweiss Financial Services, CLSA and Motilal Oswal are the leading book runners of this IPO. Its peers include Jubilant Foodworks, Barbeque Nation, and Burger King. Also, Zomato IPO can also be taken here as it is in the similar industry.

Devyani International IPO Dates

Check all the important Devyani International IPO Dates below. You can check your allotment status on Link Intime as it is the official registrar of this IPO.

Devyani International IPO Launch Date or Opening Date

4th August

Devyani International Issue Close Date

6th August | 4:20 pm

Refund (no allotment)

12th August

Devyani International IPO Allotment Date

11th August

Credit of Shares into Demat Account

13th August

Devyani International IPO Listing Date on NSE and BSE

16th August | 10 am

Devyani International IPO GMP (Grey Market Premium) Today

The Devyani International IPO GMP (Grey Market Premium) today (5th August, 11:13) is Rs 95. Stay tuned for all the latest updates on kostak rates and subject-to-sauda rates here.

Date & Time

Devyani Grey Market Premium

Devyani IPO Kostak Rate Devyani IPO Subject-to-Sauda Rate
29th July, 9:53 Rs 155 - -
29th July, 12:30 Rs 51 (low volume) - -
30th July, 14:42

Rs 44-47

Rs 150 Rs 4000
2nd August, 11:07  Rs 55 - -
4th August, 14:24 Rs 65 - -
5th August, 11:13 Rs 95

NA

NA

Devyani IPO Subscription Status

The Devyani IPO Subscription Status says that it was oversubscribed on day 1 in the retail, employees, and overall section. Thus, it performed well here as compared to Krsnaa Diagnostics IPO and Windlas IPO (slight margin).

Overall Retail NII QIB Employees
Day 1 2.65 times 11.22 times 72% 77% 1.56 times
Day 2 TBA TBA TBA TBA

TBA

Day 3 TBA TBA TBA TBA TBA
Devyani International IPO Share Price

The official Devyani International IPO Share Price is now announced. The price band is Rs 86-90 per equity share. Its offer-for-sale value is Rs 1398 crores. 

Devyani IPO Lot Size

The Devyani IPO Lot Size is 165 shares. You can apply for a maximum of 13 lots accounting to 2145 shares. The min lot size investment value comes out to be Rs 14,850 so make sure you have this min amount in your bank account if you are willing to apply for the Devyani International IPO Issue.

Devyani International IPO Review : Buy or Skip?

Devyani International Limited is an experienced player (since 1997) in the QSR (food & beverages) sector. It has fine company policies and principles. Moreover, it performed well in the Covid-19 times across all its verticals. In addition, it is backed by RJ Corp (PepsiCo largest partner) and Singapore’s Temasek (investment company).

The areas of concern here include its debt repayment of approx Rs 350 crores, future projects, and food industry leverage in the stock market. Besides, it has faltered a bit in terms of assets and revenue lately.

We will have a close look at its grey market operations, kostak rates, subject to sauda, and the day-by-day subscriptions along with the interests of anchor investors. Thus, in the coming days we will get to know whether to apply for Devyani International IPO or not. Till then, it's a 60:40 buy-skip ratio.

The Devyani IPO might become a blockbuster IPO given its various positives, but it's the Indian stock market so you never know. Also, it looks promising for long-term investors. Before you go, check the Latest IPO Updates for all the IPO related information.

Disclaimer : We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.

13 Comments  |  
8 Dimers
  • Sort By
Deal Newbie Deal Newbie

This IPO will give a good listing gain but must be hold for long term.

Deal Cadet Deal Cadet

same as zomato but not same listing gain rolleyes

Deal Subedar Deal Subedar

Applied 30 min before but don’t get upi payment request till now in gpay. Anyone facing this issue?
Put 86 Rs price instead of cut off

Deal Newbie Deal Newbie

You will have to wait. It’s not instant.

Hunk Hunk
phoenix1386 wrote:

Allotment status?

Aapko mila kya??? Hamko mila tha. 130.98 me nikal gaye

Deal Cadet Deal Cadet
Expand
bikidas2060 wrote:

Aapko mila kya??? Hamko mila tha. 130.98 me nikal gaye

Yes, they allotted a grand total of 1 lot of 165 shares to me, so I thought let’s just hold and sell later when the stock gains some momentum. If I had received all of the quantity I applied for, I would have sold the entire stock immediately on listing.

Hunk Hunk
Expand
phoenix1386 wrote:

Yes, they allotted a grand total of 1 lot of 165 shares to me, so I thought let’s just hold and sell later when the stock gains some momentum. If I had received all of the quantity I applied for, I would have sold the entire stock immediately on listing.

aap hold karenge? aap kaa kya opinion hai??

Deal Cadet Deal Cadet
Expand
bikidas2060 wrote:

aap hold karenge? aap kaa kya opinion hai??

Total investment 14850, not my life’s savings. So I can hold. I’m thinking company is strong in its business tentacles, so I’m thinking it will lose some in short term when people sell it off but in future it will only rise.

I’m thinking of holding it till 140-150 at least, although I read about ICICI Securities suggesting 200 in about 12 months. I don’t want to hold it for a year, I will just sell it at about 150 whenever it is.

Again, small investment, so not an issue as such holding it for even a year.

Hunk Hunk
Expand
phoenix1386 wrote:

Total investment 14850, not my life’s savings. So I can hold. I’m thinking company is strong in its business tentacles, so I’m thinking it will lose some in short term when people sell it off but in future it will only rise.

I’m thinking of holding it till 140-150 at least, although I read about ICICI Securities suggesting 200 in about 12 months. I don’t want to hold it for a year, I will just sell it at about 150 whenever it is.

Again, small investment, so not an issue as such holding it for even a year.

Are ICICI securities’ predictions accurate???

Deal Cadet Deal Cadet
Expand
bikidas2060 wrote:

Are ICICI securities’ predictions accurate???

According to their own data, they are about 80% accurate. But I don’t care about them particularly, I invested in this since I know the brands are not dying anytime soon, the price point of entry was good, it will only increase in future over years with dips, of course, like always.

Hunk Hunk
Expand
phoenix1386 wrote:

According to their own data, they are about 80% accurate. But I don’t care about them particularly, I invested in this since I know the brands are not dying anytime soon, the price point of entry was good, it will only increase in future over years with dips, of course, like always.

alright

Deal Subedar Deal Subedar
phoenix1386 wrote:

Allotment status?

Even I got buddy and I’m a long-term investor, will keep it for longer. In fact if it dips to 2 digits, I’ll buy 3k-5k shares.

I got IRCTC allotment at Rs. 310 and still holding it. It has multiplied by 7+ times now. My biggest mistake was selling Lauras Labs on the day / 2nd day of the launch with profit.

replyuser