Inspired by the successful debuts of other Quick Service Restaurant (QSR) operators, Devyani International Limited has also filed its Red Herring Prospectus with the SEBI. With its upcoming IPO 2023almost upon us, here are some of the most important Devyani International Ltd IPO details.

• About the company

Devyani International Limited is a franchisee operator that’s involved in operating Quick Service Restaurants in India and abroad since the year 1991. The company currently runs around 655 restaurants in over 155 cities in the country.

That’s not all. Devyani International is associated with many international and leading QSR brands such as KFC, Costa Coffee, and Pizza Hut, among others. The company also possesses and operates several of its own brands such as Food Street, Vaango, Masala Twist, Ile Bar, Ckrussh Juice Bar, and Amreli.

• Devyani International Ltd IPO details

Let’s now take a look at some of the key details of the company’s latest IPO such as the Devyani International Ltd IPO date and the Devyani International Ltd IPO share price, among others.

• Devyani International Ltd IPO date

The upcoming IPO of the company is slated to open up to the public for subscription on August 04, 2021. The issue would then come to a close two days later on August 06, 2021.

• Devyani International Ltd IPO issue size

The issue size of the latest IPO of the company is around Rs. 1,838 crores. The fresh issue component of the public issue accounts for around Rs. 440 crores, whereas the remaining amount of Rs. 1,398 crores would be an Offer for Sale (OFS) from the promoters of the company. Under the OFS route, the promoters are looking to offload a huge stake of up to 15,53,33,330 equity shares of the company.

• Devyani International Ltd IPO share price

The IPO share price band of Devyani International Limited’s upcoming IPO has been fixed starting from Rs. 86 to Rs. 90 per equity share.

• Devyani International Ltd IPO listing

Since it is a mainboard IPO, the company’s shares would be listed on both the exchanges of the country - the Bombay Stock Exchange and the National Stock Exchange.

• Devyani International Ltd IPO objectives

The company has clearly stated that it would use the proceeds from the IPO issue to repay its loans and borrowings. The remaining funds, if any, would be utilized towards general corporate expenses.

Conclusion

Before you go ahead and invest in the Devyani International Ltd IPO, it is a good idea to first open a demat account. Without it by your side, you cannot invest in the stock market whatsoever. Wondering where to open a demat account? Visit the webpage of Motilal Oswal to know more.

Before commencing online trading, always remember to  open a demat account  and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your  online trading  and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our  IPO calendar.

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