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

Devyani International Ltd. 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

₹ 167.83

Current Return

86.48%

Devyani International Ltd. News

Devyani International - Quaterly Results11 Nov, 11:55AM Devyani International - Quaterly Results11 Nov, 11:55AM Devyani International - Quaterly Results11 Nov, 11:55AM Devyani International informs about updates8 Nov, 5:30PM Devyani International - Quaterly Results5 Aug, 11:54AM Devyani International - Quaterly Results5 Aug, 11:54AM Devyani International - Quaterly Results5 Aug, 11:54AM Devyani International incorporates subsidiary company27 Jul, 2:28PM Devyani International informs about outcome of AGM 5 Jul, 5:27PM Devyani International enters into strategic partnership with PVR INOX 14 May, 2:42PM Devyani International - Quaterly Results14 May, 12:21PM Devyani International - Quaterly Results14 May, 12:21PM Devyani International - Quaterly Results14 May, 12:21PM Devyani International - Quaterly Results2 Feb, 11:51AM Devyani International - Quaterly Results2 Feb, 11:51AM Devyani International - Quaterly Results2 Feb, 11:51AM Devyani International incorporates Subsidiary Company 31 Jan, 9:49AM Devyani International inks agreements to acquire controlling interest in operating company18 Dec, 4:58PM Devyani International enters into Joint Venture Agreement with R.K. Associates & Hoteliers7 Nov, 3:42PM Devyani International informs about investor presentation7 Nov, 2:34PM

IPO Analysis Video

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Company Financials

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

Exchange

NSE: DEVYANI BSE: 543330

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1227.81 998.76 1853.27 2774.28 3116.22
Total Expenditure 1032.68 844.16 1468.97 2184.54 2520.08
Operating Profit 195.13 154.6 384.31 589.74 596.15
Other Income 29.3 48.86 21.44 36.9 37.53
Interest 120.23 127.77 106.85 136.23 173.22
Depreciation 174.58 191.47 185.28 257.56 336.94
Exceptional Items 0 45.75 -1.32 0 -116.01
Profit Before Tax -70.38 -70.03 112.31 232.84 7.51
Provision for Tax 0 0 -41.08 -27.34 13.85
Net Profit -135.07 -65.31 153.38 260.18 -6.34
Adjusted EPS (Rs.) -0.07 -0.06 0.13 0.22 -0.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 106.17 115.36 120.47 120.5 120.59
Total Reserves -90.47 183.74 772.65 964.26 968.02
Borrowings 279.49 305.54 60.92 0 289.85
Other N/C liabilities 771.8 665.82 853.33 1260.56 1549.47
Current liabilities 451.97 326.96 319.16 479.33 640.87
Total Liabilities 1518.96 1597.42 2126.53 2824.64 3568.79
Assets
Net Block 1088.01 1163.19 1516.61 2232.29 2747.65
Capital WIP 6.3 7.24 0.66 7.48 7.37
Intangible WIP 0 0 0 0 0
Investments 98.46 87.62 110.5 84.4 354.64
Loans & Advances 151.27 118.64 146.7 171.54 113.7
Other N/C Assets 58.78 62.21 48.78 50.87 48.11
Current Assets 116.14 158.53 303.27 278.07 297.33
Total Assets 1518.96 1597.42 2126.53 2824.64 3568.79
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 7.53 5.09 17.4 11.32 10.17
Profit Before Tax 24.05 21.57 -90.64 39.64 3.31
Tax -17.06 3.57 14.4 7.98 2.29
Profit After Tax 41.1 18.01 -105.04 31.65 1.02
Adjusted EPS (Rs) 0.34 0.15 -0.87 0.26 0.01

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 62.72 0
Jun 2024 62.73 0
Mar 2024 62.74 0
Dec 2023 62.74 0
Sep 2023 62.74 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -135.07 -65.31 112.31 232.84 7.51
Adjustment 350.5 230.89 262.89 371.09 609.45
Changes in Assets & Liabilities 26.1 -7.35 19.17 30.45 -11.68
Tax Paid -0.5 -0.16 -9.2 -39.63 -18.64
Operating Cash Flow 241.03 158.09 385.17 594.75 586.63
Investing Cash Flow -115.93 -302.3 -363.47 -305.34 -737.48
Financing Cash Flow -139.46 170.09 -9.89 -279.07 109.16
Net Cash Flow -14.36 25.88 11.81 10.35 -41.69
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