Devyani International IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Devyani International IPO Subscription

Devyani International IPO Subscription Status: FINAL

Devyani International Limited, incorporated in 1991, is the largest franchisee of Yum Brands (KFC, Pizza Hut) in India and are among the largest operators of chain quick-service restaurants (“QSR”) in India, on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021, and 696 stores across 166 cities in India, as of June 30, 2021.

8Investor CategoryQuotaSubscription
Institutional (QIB)175%95.27x
Non-Insti. (HNI)15%213.06x
Retail (RII)10%39.35x
Employee4.70x
Total Subscription100%116.68x

Devyani International IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB 0.77x 1.32x 95.27x
HNI 0.77x 6.37x 213.06x
Retail11.35x 22.94x 39.35x
Employee1.56x 3.10x 4.70x
Total2.69x 6.61x 116.68x

Devyani International IPO Subscription: Analyst Recommendations

CHOICE BROKING – SUBSCRIBE [ Report ]

“DIL will utilize Rs324 cr from the fresh proceed to the repayment of debt which in turn will aid the company to improve net profit margin. OCF margin also remained at a healthy level at 20% during FY19-FY21. With the strong boost in revenue, cash flow generation is expected to remain healthy also driven by likely improvement in margin and favourable Working Capital cycle.”

ANGEL BROKING – SUBSCRIBE

“Devyani International has a better operating margin compared with Westlife Development and Burger King. We believe this valuation is being done at a reasonable level. Thus, we recommend a ‘subscribe’ rating on the issue,”

Marwadi Shares and Brokers – SUBSCRIBE

“We assign ‘subscribe’ rating to this IPO as the company is a comprehensive multidimensional QSR player with a portfolio of highly recognized global brands and is available at reasonable valuation as compared to its peers,”

LKP SECURITIES – SUBSCRIBE [ Report ], Prabhudas Lilladher – SUBSCRIBE,

Devyani International IPO Subscription: Key IPO Details

TypeValue
Issue Size₹1,838 Cr
Open Date04/08/2021
Close Date06/08/2021
Face Value₹1/- per Equity Share
IPO Price₹86 – ₹90
Lot Size165 shares
LotsMin 1 – Max 13

Devyani International IPO Subscription: Financials

201920202021
Revenue from Ops₹1,310.6 Cr₹1,516.4 Cr₹1,134.8 Cr
Profit before Excep*₹(71.14) Cr₹(111.49) Cr₹(139.28) Cr
Profit after Tax(94.14) Cr₹(121.42) Cr₹(62.99) Cr
EPS (Basic)(0.75)(1.14)(0.50)
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS(0.76)NA**NA**
* Weighted Average for last 3 years, **Not Applicable – Negative P/E

Devyani International IPO: Comparison with listed industry peers

CompanyP/E (Cap)
Rolex Rings
Highest (Jubilant Foodworks)179.21
LowestNA*
Sector Avg77.52
*Not Applicable – Negative P/E for Burger King and Westlife

Devyani International IPO Subscription – FAQs

1. How to apply for Devyani International IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Devyani International IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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