Devyani International Ltd. IPO

It is the largest operator of Pizza Hut, KFC, and Costa Coffee in India. The company operates in the Quick Service Restaurant (QSR) segment.

RHP
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DRHP
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Open Date

2021-08-04

Close Date

2021-08-06

IPO Details

Check out the issue details for Devyani International Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 90

Price Band

₹ 86 - 90

Issue Size

1838 Cr.

Issue Type

Book Built

Open

2021-08-04

Close

2021-08-06

Listingprice

₹ 140.9

ListingGain

56.56%

Listing Date

2021-08-16

CMP

₹ 164.85

Current Return

83.17%

Company Financials

You can get the following financial statements of Devyani International Ltd. as of now.

Subscription Details

The approx valuation of Devyani International IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 90
Existing Shares (Qty) 115.36 Cr
Fresh Issue (Qty) 4.9 Cr
Market Cap 10,823 Cr
EPS  Rs -0.50 
Industry PE ~179x

 

Devyani International IPO issue size is 1838 Cr

Issue Amount
Fresh Issue 440 Cr
Offer For Sale 1398 Cr

 

An Individual can apply for a minimum 1 lot of 165 shares and a maximum of 13 lots of 2145 shares. Find the details below:

Application Lots Shares Amount
 Minimum  1 165 Rs 14,850
 Maximum 13 2145 Rs 1,93,050

 

Devyani International IPO is subscribed 116.70 times till 6th August. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Minimum 75% 95.27 Times
Non-Institutional Maximum 15% 213.06 Times
Retail Individual Maximum 10% 39.48 Times
Employee 5.5 Lakh share 4.70 Times
Total   116.70 Times

Allotment Details

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Devyani International IPO:

Schedule Date
Basis of Allotment 11 August 2021
Refunds 12 August 2021
Credit to Demat Account 13 August 2021
IPO Listing Date 16 August 2021

 

When the allotment is out, you can check it from the registrar's website. Find the Devyani International IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1070.63 1227.81 998.76 1853.27 2668.34
Total Expenditure 1032.12 1032.68 844.16 1468.97 2126.09
Operating Profit 38.51 195.13 154.6 384.31 542.26
Other Income 9.59 29.3 48.86 21.44 35.2
Interest 29.55 120.23 127.77 106.85 124.56
Depreciation 56.44 174.58 191.47 185.28 238.87
Exceptional Items 0 0 45.75 -1.32 0
Profit Before Tax -37.89 -70.38 -70.03 112.31 214.03
Provision for Tax 0 0 0 -41.08 -32.04
Net Profit -37.89 -135.07 -65.31 153.38 246.07
Adjusted EPS (Rs.) -0.04 -0.07 -0.06 0.13 0.2

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 106.17 106.17 115.36 120.47 120.5
Total Reserves 164.57 -90.47 183.74 772.65 1031.71
Borrowings 273 279.49 305.54 60.92 0
Other N/C liabilities 15.92 771.8 665.82 853.33 1183.6
Current liabilities 250.87 451.97 326.96 319.16 451.19
Total Liabilities 810.53 1518.96 1597.42 2126.53 2786.99
Assets
Net Block 399.48 1088.01 1163.19 1516.61 2168.88
Capital WIP 4.54 6.3 7.24 0.66 7.48
Intangible WIP 0 0 0 0 0
Investments 133.37 98.46 87.62 110.5 110.53
Loans & Advances 127.01 151.27 118.64 146.7 176.93
Other N/C Assets 14.93 58.78 62.21 48.78 50.19
Current Assets 131.21 116.14 158.53 303.27 272.98
Total Assets 810.53 1518.96 1597.42 2126.53 2786.99
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 8.89 11.49 7.46 7.53 5.09
Profit Before Tax 62.23 30.8 47.27 24.05 21.57
Tax -9.02 -21.44 11.84 -17.06 3.57
Profit After Tax 71.25 52.24 35.42 41.1 18.01
Adjusted EPS (Rs) 0.59 0.43 0.29 0.34 0.15

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 62.74 0
Sep 2023 62.74 0
Jun 2023 62.76 0
Mar 2023 62.79 0
Dec 2022 62.8 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -37.89 -135.07 -65.31 112.31 214.03
Adjustment 126.56 350.5 230.89 262.89 342.43
Changes in Assets & Liabilities -15.94 26.1 -7.35 19.17 37.16
Tax Paid 1.84 -0.5 -0.16 -9.2 -39.31
Operating Cash Flow 74.56 241.03 158.09 385.17 554.3
Investing Cash Flow -184.01 -115.93 -302.3 -363.47 -301.82
Financing Cash Flow 105.06 -139.46 170.09 -9.89 -243.37
Net Cash Flow -4.39 -14.36 25.88 11.81 9.11
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