Devyani International Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 152,754,165 (75%) | — | ₹137,479 Cr |
| NII (HNI) | — | 30,550,832 (15%) | — | ₹27,496 Cr |
| Retail | — | 20,367,221 (10%) | — | ₹1,833 Cr |
| Employee | — | 550,000 (0%) | — | ₹50 Cr |
| Σ Total | — | 204,222,218 (100%) | — | ₹1,838,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2,145 | ₹193,050 |
| S-HNI (Min) | 14 | 2,310 | ₹207,900 |
| B-HNI (Min) | 67 | 11,055 | ₹994,950 |
Financial Statements Amount in Crore
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 1,199 | 1,535 | 1,324 |
| Profit After Tax | 63 | 121 | 94 |
| Total Assets | 1,668 | 1,884 | 1,807 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment/prepayment of all or certain of the borrowings – 324.00
- 2 General corporate purposes – 100.82
Company Overview
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.