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Devyani International IPO IPO

Mainline4 Aug 20216 Aug 2021
Open
4 Aug 2021
Close
6 Aug 2021
3
Allotment
Listing
Mon, Aug 16, 2021
Price Band
₹86 to ₹90
Issue Size
20,42,22,218 shares (agg. up to ₹1,838 Cr)
Lot Size
165 Shares
Listing Date
Mon, Aug 16, 2021
Latest GMP
₹59
Est. Gain
65.56%
✦ AI Insight

GMP Trend

16-08-202159Est. ₹149+65.56%
15-08-202158Est. ₹148+64.44%
14-08-202158Est. ₹148+64.44%

Live Subscription

CategorySubscription (times)
Total64.01x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets1,668.411,883.581,807.49
Total Income1,198.901,535.041,323.68
Profit After Tax18.34-42.67-34.85
EBITDA226.93255.48278.96
NET Worth113.77-189.10-70.24
Reserves and Surplus-1.59-295.27-176.41
Total Borrowing463.33544.09488.22
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Barbeque-Nation Hospitality Ltd.Mainboard₹452.87 Cr₹500null₹587.80+17.56%₹224.87 (-0.20%)
Burger King India Ltd.Mainboard₹810.00 Cr₹60null₹135.00+125.00%₹68.66 (-2.57%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Repayment/prepayment of all or certain of the borrowings324.00
2General corporate purposes100.82

About Devyani International IPO

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

Contact Details

Devyani International Ltd. AddressF-2/7, Okhla Industrial Area, Phase-IDelhi, New Delhi, 110020011 4170 6720companysecretary@dil-rjcorp.comVisit Website