Devyani International Ltd FPO

Last Updated: 03 January 2022 8:09 AM by 5Paisa

Devyani International IPO Synopsis

Devyani International Limited, the largest franchisor of leading food brands like KFC, Pizza Hut, & Costa Coffee is all set to launch its Initial Public Offer on August 4, 2021. Devyani International IPO price brand is at Rs.86-90 per equity share and the lot size is going to be 165 shares. Hence if you would like to invest in Devyani International IPO you will have to make a minimum investment of Rs.14,190. 

Offer Details
Fresh Issue of Equity Shares aggregating up to ₹440 Crore and Offer for sale of up to 155,333,330 Equity Shares.
The Company proposes to utilise the Net Proceeds towards the following objects:

1 Repayment/prepayment of all or certain of our borrowings; and 
2. General corporate purposes
 

It is largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants (“QSR”) in India (Source: Global Data Report), on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 20201. In addition, the company has a franchisee for the Costa Coffee brand and stores in India. The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India.

Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and among the largest operators of chain quick service restaurants (“QSR”) in India (Source: GlobalData Report), on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021, and 696 stores across 166 cities in India, as of June 30, 2021.

Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 2020. In addition, DIL has a franchisee for the Costa Coffee brand and stores in India. The company’s business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to as “Core Brands”, and such business in India referred to as the “Core Brands Business”); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria (“International Business”); and certain other operations in the F&B industry, including stores of DIL own brands such as Vaango and Food Street (“Other Business”).

Revenue from our Core Brands Business, together with our International Business, represented 83.01%, 82.94% and 94.19% of the company’s revenue from operations in Fiscals 2019, 2020 and 2021, respectively.