Devyani International IPO subscription to start from 04 August 2021, Wednesday. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. Devyani International is the largest franchisee of Yum! Brands in India. They are one of the second-largest QSR (quick-service restaurant) company in the world. The brand name includes for Devnyani International are stores of KFC, Pizza Hut and Costa Coffee operated in India. The company reported a loss of ₹81.32 crores in 2021 that was ₹78.75 crores in 2020. The revenues is stable around ₹1324 crores in 2021 against ₹1535 crores in 2020. The Devyani International price band is fixed at ₹86 to ₹90 Per Share with face value of ₹1 Per Equity Share. The minimum bid is for 165 Shares (₹14,850) and maximum bid is 2145 shares (₹193,050). Devyani International IPO to raise ₹401.54 Crores via initial public offer. Please check the Devyani International IPO
details over here.
The subscription for the retail will remain open till 8:00 PM on August 06, 2021.
The Devyani International IPO subscribed 116.71x on day 3 till 7:45. The subscription comprises Qualified Institutional Buyer (QIB) 95.27x, (Non-institutional Bidders) NII 213.06x and Retail 39.51x.