Devyani IPO

Devyani International

₹14,190 /165 sharesMinimum Investment

Devyani IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 Aug ‘21 - 6 Aug ‘21₹14,190165₹86 - ₹90
Issue SizeIPO Doc
1838.00Cr
RHP PDF

Subscription Status As on 06 Aug '21, 8:00 PM

  • Retail Individual Investor
    39.52x
  • Non-Institutional Investor
    213.06x
  • Qualified Institutional Buyers
    95.27x
  • Employees
    4.70x

About Devyani

Devyani International Limited is one of the largest franchisees of Yum Brands in India. Yum Brands Inc. has brands like Pizza Hut, KFC, and Taco Bell. It is the largest operators of Quick Service Restaurant (QSR) chains in the country on a non-exclusive basis. It operates around 655 stores across 155 cities in India. It also has an international presence. As of March 31, 2021, Devyani International operated 297 Pizza Hut stores, 264 KFC stores, and 44 Costa Coffee stores in India. Devyani International is among the largest QSR companies listed on Swiggy and Zomato.;
Parent Organisation
Devyani International
Founded
2005
Managing Director
Virag Joshi
Devyani International IPO review - IPO date, price, financials, analysis, latest news | IPO review

Strengths & Risks

  • Portfolio of highly recognized global brands that cater to a range of customer preferences
  • Present in key consumption markets like Delhi NCR, Mumbai, Bengaluru, Kolkata, and Hyderabad
  • Ensures maximum cooperation across all its brands
  • Drives cost-efficiency at all levels
  • Highly qualified and experienced management team with experience in all aspects of business
  • Significant impact of the COVID-19 pandemic on the company’s business & operations
  • Possibility of the adverse effect of the lockdown on the company’s future performance and the price of its shares
  • Dependency on arrangements with Yum Inc for its KFC and Pizza Hut stores, and on Costa for its Costa Coffee Stores. Inability to maintain & renew these arrangements can have a negative impact on its business, results of operations, and financial condition
  • Dependency on the global success and reputation of its core brands
  • Inability to identify suitable store locations could impact its growth strategy
  • Inadequate and late supply of quality ingredients, packaging materials, and other necessary supplies can impact its business
  • Incurred losses in the last 3 financial years
  • Real and perceived health concerns arising from food-borne illnesses, epidemics, quality, and any negative food-related incidents can impact its business

Financials

*All values are in Rs. Cr
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