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Title: Devyani International IPO Review
Author: Paras Sharma
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  Devyani International IPO Date, Review, Price, Form & Market Lot Details   Devyani International IPO to hit the market in on 04 August...

 

Devyani International
Devyani International IPO Date, Review, Price, Form & Market Lot Details

Devyani International IPO to hit the market in on 04 August 2021 and closes on 06 August 2021. The company to raise ₹1400 crores via initial public offer the comprises ₹440 crores fresh issue and offer for sale up to 155,333,330 Shares as per the RHP filed on 26 July 2021.
 
Devyani International IPO date is announced, the IPO to open on 04 August 2021. It will clash with Windlas Biotech IPO. The company to raise the IPO worth ₹1400 crores. The IPO comprises fresh issue of ₹440 crores and offer for sale up to 155,333,330 equity shares of existing share holders. The employee portion is 550,000 equity shares. The Devyani International is an arm of diversified conglomerate RJ Corp. They are one of the largest bottler for Pepsi Co in India. Devyani International is the largest franchisee of Yum! Brands in India - one of the second-largest QSR (quick-service restaurant) company in the world. They have 655 stores across India in 155 cities as on March 2021. They are also a franchises for Costa Coffee brand and stores in India. They are operating in India as well as Nigeria and Nepal. Check out Devyani International IPO details. 

Core Business Details:
The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to as "Core Brands", and the business in India referred to as the "Core Brands Business"); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria ("International Business"); and certain other operations in the F&B industry, including stores of our own brands such as Vaango and Food Street ("Other Business"). 


Listing Peer Group:
  • Jubilant FoodWorks
  • Westlife Development
  • Burger King India

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