Devyani International Ltd Incorporated in 1991, 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.
Devyani International Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 04 Aug 2021 |
| IPO Close Date | 06 Aug 2021 |
| Allotment Date | 11 Aug 2021 |
| IPO Listing Date | 16 Aug 2021 |
Devyani International Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 86 to Rs. 90 Per Equity Share |
| Market Lot | 165 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 1838 Crore. |
Devyani International Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 165 | Rs. 14850 |
| Maximum | 13 | 2145 | Rs. 193050 |
Devyani International Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 16684.07 | 18835.76 | 18074.90 |
| Total Revenue | 11988.95 | 15350.41 | 13236.83 |
| Profit After Tax | (629.87) | (1214.18) | (941.44) |
Company Promoters:
Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited are the company promoter.
Objects of this Issue:
The net IPO proceeds will be used for the following purposes…
- Repayment and/or prepayment of company’s borrowings fully or partially.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Devyani International Limited F-2/7, Okhla Industrial Area, Phase-I, New Delhi 110 020 Phone: 011 4170 6720 Email: companysecretary@dil-rjcorp.com Website: http://www.dil-rjcorp.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: rolex.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
