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Devyani International IPO share allotment finalised: Check status here

Devyani International IPO shares will start trading on both BSE and NSE from August 16.

August 12, 2021 / 10:17 AM IST
Devyani International is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operate 696 stores across 166 cities in India, as of June 2021.

Devyani International is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operate 696 stores across 166 cities in India, as of June 2021.


KFC, Pizza Hut and Costa Coffee operator Devyani international has finalised the basis of share allotment for its initial public offering (IPO).

Here's how you can check the status:

The IPO share allocation can be checked on the BSE's website. Select Equity and Issue Name (Devyani International), enter application number and PAN and click on the search button to know the application status.

Alternatively, you can also check the allotment status on the IPO register's website by following a few easy steps. Investors have to first select either PAN, application number or DP Client ID. Then select company name (Devyani International -IPO), enter either PAN, application number or DP Client ID and click the search button to know whether the shares were allotted to you or not.

The company will start the process of refund on August 12 and shares will be credited to the demat accounts of allottees on August 13. Share of Devyani International will start trading on both BSE and NSE from August 16.

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The Rs 1,838-crore public offer received a stellar response from investors as it was subscribed 116.7 times during August 4-6. The portion reserved for qualified institutional buyers was subscribed 95.27 times and that of non-institutional investors 213.06 times, while the portion set aside for retail investors saw a subscription of 39.48 times.

The company will utilise the net proceeds from its fresh issue towards repayment of borrowings (Rs 324 crore), and general corporate purposes.

The offer for sale money will go to selling shareholders.

Devyani International is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operate 696 stores across 166 cities in India, as of June 2021.

Yum! Brands Inc. operates brands such as KFC (a global chicken restaurant brand), Pizza Hut (the largest restaurant chain in the world specializing in the sale of ready-to-eat pizza products) and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 2020.

It has a strong presence in key metro regions of Delhi NCR (comprising Faridabad, Ghaziabad, Gurgaon, Delhi and Noida), Bengaluru, Kolkata, Mumbai and Hyderabad.

Core brands business, together with international business contributed 94.19 percent to revenue from operations in FY21.

The company reduced its loss in FY21 to Rs 62.98 crore from Rs 121.42 crore in FY20. Revenue in same period declined to Rs 1,134.84 crore from Rs 1,516.4 crore.

Revenue from KFC brand increased to Rs 644.26 crore in FY21 from Rs 609.13 crore in FY20, but Pizza Hut's business dropped to Rs 287.9 crore from Rs 417.4 crore and Costa Coffee's revenue declined to Rs 21.4 crore from Rs 81.96 crore in the same period.
Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Moneycontrol News
first published: Aug 12, 2021 09:45 am

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