Devyani International Ltd IPO : Here`s everything you need to know by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Devyani International Ltd IPO : Here’s everything you need to know by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Devyani International Ltd (DIL) IPO expected to open on 4th august 2021 and close on 6th august 2021. The IPO consist fresh issue of Rs440cr and offer for sale of 15.5cr crores shares.
Devyani International Ltd is the largest franchisee of Yum Brands and among the largest quick-service restaurants (QSR) chain operators in India with 655 stores across 155 cities all over the country as of Mar 31, 2021. Yum Brands Inc operates many fast food brands i.e. Pizza Hut, KFC, and Taco Bell brands. 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)
DIL reported revenue CAGR of -5% to Rs1,199cr over FY19-21 and on the bottom-line front, the company has reported losses over same period. In FY21, DIL’s loss was Rs81cr.
The company would utilised their fresh issue amount for Repayment of company's borrowings fully or partially.
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