Devyani International
Limited IPO
Open for Subscription

India Pesticides Limited IPO
`86 -

Why subscribe to Devyani International Limited?

Devyani International Limited is the largest franchisee of Yum Brands in India and is among the largest operators of quick service restaurants (QSR) chains in India on a non-exclusive basis, and operates 696 stores across 166 cities in India, as of June 30, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell and has a presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 2020. In addition, the company is a franchisee for the Costa Coffee brand and stores in India. KFC, Pizza Hut and Costa Coffee are referred to as ‘Core Brands’ while Vaango and Food Street are considered as ‘Other Business’.

Objects of the Offer: The offer comprises of a fresh issue and an offer for sale. Out of the fresh issue component of ₹ 440cr, ₹ 324cr is proposed to be utilized towards repayment/prepayment of certain debt availed by the company and the balance amount is attributable to general corporate purposes. The offer for sale is comprised of 155,333,330 shares amounting to ~₹ 1,398cr and the proceeds would directly go to the selling shareholder.

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Issue Highlights

  • 04-Aug-21
  • 06-Aug-21
  • ` 86 - ` 90 per share
  • ` 1 per equity share
  • ` 1838 crores
  • Bombay Stock Exchange
    & National Stock Exchange
  • 75%
  • 15%
  • 10%