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.
Company Promoters:
Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoters
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 | (629.87) | (1,214.18) | (941.44) |
Objects of the Issue:
- Repayment and/or prepayment of company’s borrowings fully or partially.
- General corporate purposes.
Devyani International IPO Date & Price Band
| IPO Open: | 04 August 2021 |
| IPO Close: | 06 August 2021 |
| IPO Size: | Approx ₹1838 Crores |
| Fresh Issue: | Approx ₹440 Crores |
| Offer for Sale: | Approx ₹1398 Crores |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹86 to ₹90 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Equity: | 22,63,01,071 Shares |
| Discount: | – Per Equity Shares |
Devyani International IPO Market Lot
The Devyani International IPO minimum market lot is 165 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots, 2145 shares with ₹193,050 application amount.
| Minimum Lot Size: | Minimum 165 Shares |
| Minimum Amount: | ₹14,850 |
| Maximum Lot Size: | Maximum 2145 Shares |
| Maximum Amount: | ₹193,050 |
Devyani International IPO Date, Time Table, Allotment & Listing
The Devyani International IPO date is 04 August 2021 and the IPO close date is 06 August 2021. The allotment date is 11 August 2021 and the IPO may list on 16 August 2021.
| Price Band Announcement: | 30 July 2021 |
| Anchor Investors Allotment: | 03 August 2021 |
| IPO Open Date: | 04 August 2021 |
| IPO Close Date: | 06 August 2021 |
| Basis of Allotment: | 11 August 2021 |
| Refunds: | 12 August 2021 |
| Credit to Demat Account: | 13 August 2021 |
| IPO Listing Date: | 16 August 2021 |