The organization could raise nearly ₹1,400 crore, as per market sources.Devyani International, the biggest franchisee of Yum Brands, working center brands, for example, Pizza Hut, KFC and Costa Coffee other than its own brands like Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Crussh Juice Bar, has gotten the endorsement of Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The organization recorded its DRHP with SEBI on May 19, 2021.
As indicated by data accessible in the DRHP, it would hope to raise around ₹400 crore through issue of new value shares and an Offer of Sale (OFS) of up to 125,333,330 value shares by financial backer selling investor, Dunearn Investments (Mauritius) Pte. Ltd, an entirely claimed auxiliary of Temasek Holdings, and advertiser selling investors, RJ Corp Ltd.
The organization, which has nearly 692 stores in 26 States in India, and in global business sectors like Nepal and Nigeria, could raise nearly ₹1,400 crore, as indicated by market sources.
As on March 31, 2021, Devyani International operates 297 Pizza Hut stores, 264 KFC stores and 44 Costa Coffee outlets in India. Between March 2019 and March 2021 the center brand stores saw a CAGR development of around 14% from 469 stores to 605 stores.
The QSR (speedy assistance eatery) industry is estimated to develop at a CAGR of around 12% somewhere in the range of 2020 and 2025. In FY21 Devyani's business from the center brands (India and Internationally) represented 94% of its incomes from activities and conveyance deals addressed 70% of the said incomes, an expansion from 51% in FY20.
Notwithstanding the Covid pandemic, the organization has kept on extending its store organization and has opened 109 stores across its center image business over the most recent half year.
Kotak Mahindra Capital Company Ltd, CLSA India Pvt Ltd, Edelweiss Financial Services Ltd, Motilal Oswal Investment Advisors Ltd have been named venture investors to the issue.
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