Devyani International stocks are expected to make their stock market debut on 16 August 2021. Image: Reuters Devyani International, whose Rs 1,838-crore IPO received a whopping 116.71 times subscription, is likely to finalize share allotment on Wednesday, 11 August 2021. In the primary market, Devyani International, the largest franchisee of Pizza Hut, KFC, and Costa Coffee, shares were quoting at a premium of Rs 61 over the IPO price of Rs 90 apiece. Devyani International shares were trading at Rs 151 apiece in the grey market, a 68 percent premium over the issue price, according to the people who deal in unlisted shares of the companies. Devyani International has its own Vango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrushh Juice Bar.
Devyani International stocks are expected to make their stock market debut on 16 August 2021. The initiation of refunds or unblocking of funds from the ASBA account will take place on 12 August. The equity shares will be credited to the depository accounts of allottees on 13 August. The registrar of the issue is Link Intime India Pvt Ltd, a SEBI-registered entity responsible for the IPO allotment and refund processing. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites.
Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major PepsiCo, and has interests in the Indian retail F&B sector. At the higher end of the price band, Devyani International IPO is priced at a Price/ Sales ratio of 9.54 times on a post-issue fully diluted basis (based on FY21 sales). This is lower compared to its listed peers Jubilant Foodworks (12.88 times), Burger King (14.92 times), and Westlife Development (9.81 times), SEBI-registered investment advisor INDmoney said in a report.
To check the share allotment status, select the company name as ‘Devyani International — IPO’ from the drop-down list on the Link Intime India website when it gets declared. Check box either PAN, Application Number, or Depository/Client ID. Accordingly, enter the permanent account number, Application Number, or Depository/Client ID in the box. Enter the given captcha in the provided space and click the submit button. This will display the number of shares applied and allotted to the investor.
Another way to check the allotment status in Devyani International is through the BSE website (https://www.bseindia.com/investors/appli_check.aspx). Select ‘equity’ as the issue type and ‘Devyani International Ltd’ as the issue name from the drop-down list when it gets declared. Enter the application number and PAN (permanent account number). Click on ‘I am not a Robot’. In the last step, click on the search tab to view the status details.
(The stock recommendations in this story are by the respective research analysts and brokerage firms. Financial Express Online does not bear any responsibility for its investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
Get live Stock Prices from the BSE, NSE, and US Market, and the latest NAV and portfolio of Mutual Funds; check out the newest IPO News, Best Performing IPOs, calculate your tax by using an Income Tax Calculator, know the market’s Top Gainers, Top Losers & Best Equity Funds like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news.
