Devyani International Share Price : Devyani International IPO shares
August began with a bang for the markets, with several initial public offerings (IPOs) hitting the D-street in the first week. Devyani International, the company that serves the country with a diverse range of quick service restaurants, will soon join the race of initial public offerings (IPOs) scheduled to begin on August 4th.
The company that brings you pizza, tacos, and fried chicken is now launching an initial public offering (IPO) worth Rs.1,838 crores on August 4 and will close on August 6.
The Rs. 1,838 crore IPO is comprised of a Rs. 440 crore fresh issue and a Rs. 1,389 crore OFS with 155,333,330 equity shares.
Each share will be priced between Rs. 86 and Rs. 90, with a face value of Rs. 1. The lot size for this IPO is 165 shares, and Link Intime India Private Limited is acting as the Registrar.
Devyani International IPO Details
This company intends to repay/prepay all or a portion of our borrowings through this IPO. Additionally, the company intends to use the funds for general corporate purposes.
Additionally, the Company anticipates receiving benefits from listing its Equity Shares on Stock Exchanges, including increased visibility and brand image among existing and prospective customers, as well as the establishment of a public market for its Equity Shares in India.
The company’s strengths include the following:
A portfolio of globally recognised brands that cater to a diverse range of customer preferences;
It is a multi-faceted, all-encompassing QSR player.
The company employs a cluster-based approach to establish a presence in key consumption markets;
There are brand synergies with operational leverage; a disciplined financial approach with a focus on cash flows and returns; and an illustrious board of directors and an experienced senior management team.
The risks involved are as follows:
There is uncertainty regarding the ongoing COVID-19 pandemic’s impact.
Termination or inability to renew agreements with Yum for its KFC and Pizza Hut restaurants, which account for a sizable portion of its business.
Termination or material modification of the Costa IDA’s existing terms, impairing the company’s ability to continue its Costa business.
Losses incurred in Fiscal Years 2019, 2020, and 2021 that eroded the company’s net worth; Adverse remarks/qualifications/points of emphasis in the audited condensed financial statements.
The business is highly reliant on the success of its core brands.