Devyani international Ltd incorporated in 1991, Devyani International Ltd is the largest franchisee of Yum Brands and among the largest quick-service restaurants (QSR) chain operators in India. They started their partnership with Yum in 1997, when they opened their first Pizza Hut located in Delhi. They’ve since expanded their operations with KFC and Pizza Hut outlets. As of March 31, 2021, they had 264 KFC outlets and 297 Pizza Hut outlets throughout India.

In parallel, as of March 31, 2021, they were the franchisee of the Costa Coffee group in India, which is owned by Costa International and run 44 Costa Coffee outlets.

It operates 3 business verticals:

1. Core Brands (KFC, Pizza Hut, and Costa Coffee stores in India),
2. International Business (stores in foreign countries i.e., Nepal and Nigeria), and
3. Other Businesses (own branded stores i.e., Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar)

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Company Financials:



Devyani International IPO Details:



Devyani International IPO Tentative Timetable:



Devyani International IPO Lot Size

The Devyani International IPO market lot size is 165 shares. A retail-individual investor can apply for up to 13 lots (2145 shares or ₹193,050 at cut off).

Devyani International IPO Promoter Holding

• Pre-Issue Share Holding - 75.79%
• Post-Issue Share Holding - 67.99%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.