Devyani International IPO Subscription Status
Devyani International IPO subscription to start from August 04 to August 06, 2021. The Devyani International IPO has an issue size of Rs 1,838 crore. The issue is made up of a fresh issue and an offer for sale (OFS). The Fresh Issue stands at Rs 440 crore with 48,888,888 shares, while the OFS stands at Rs 1,398 crore with around 155,333,330 equity shares that carry a face value of Rs 1 per equity share. Price range for the offer has been fixed at Rs 86 to Rs 90 per share.
Devyani International IPO Subscription Status
| Day | Date | QIB | NII | Retail | Employees | Total |
| Day 1 | 04-Aug-2021 17:00 | 0.76x | 0.76x | 11.37x | 1.57x | 2.69x |
| Day 2 | 05-Aug-2021 17:00 | 1.32x | 6.68x | 23.16x | 3.12x | 6.73x |
| Day 3 | 06-Aug-2021 17:00 | 95.27x | 213.06x | 39.48x | 4.70x | 116.70x |
About Devyani International
Devyani International is the largest franchisee of Yum Brands 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. Yum Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 20201. In addition, Devyani International is a franchisee for the Costa Coffee brand and stores in India.
Devyani International IPO Price – Details
| Description | DEVYANI IPO Details |
|---|---|
| Public Issue | Initial Public offer of [.] Equity Shares of ₹ 1 (aggregating up to ₹ 1,838 Cr) comprising a Fresh Issue [.] Eq Shares of ₹ 1 (aggregating up to ₹ 440 Cr) and an Offer for Sale of up to 155,333,330 equity shares (aggregating up to ₹ 1,398 Cr) |
| Issue Open Date | 04-Aug-21 |
| Issue Close Date | 06-Aug-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 86 – ₹ 90 |
| Face Value | ₹ 1 |
| Market Lot | 165 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 165 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | DEVYANI |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Devyani International IPO Subscription Status – FAQs
How much Devyani International IPO subscribed on Day 1?
The Devyani International IPO subscribed 2.69x times on day 1
How much Devyani International IPO subscribed on Day 2?
The Devyani International IPO subscribed 6.73 times on day 2.
How much Devyani International IPO subscribed on Day 3 ?
The Devyani International IPO retail subscription is 116.70 times on day 3.
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