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Devyani International Limited is the largest franchisee of Yum Brands in India. Founded in 1991, they are among the largest operators of chain quick-service restaurants in India. The company operates 665 stores across 155cities in India, as of March 31, 2021.
The company's operations are divided into three business verticals.
1. KFC, Pizza Hut, and Costa Coffee are examples of core brands.
2. International expansion — KFC and Pizza Hut locations in Nepal and Nigeria.
3. Other businesses — Own-brand stores such as Vaango and Food Street in the F & B industry.
Strengths of the Company
1. A portfolio of well-known worldwide brands.
2. A multi-dimensional, all-inclusive QSR player.
3. Presence in major consuming markets using a cluster-based strategy.
4. Cross-brand synergies through operational leverage.
5. A distinguished Board of Directors and an experienced senior management team.
Strategy of the Company
1. Continue to improve unit-level performance by strategically expanding the Brand Business retail network.
2. Invest in technology and emphasize digital capabilities.
Company Financial
|
Particulars |
For the Year ended (Rs. In a million) |
||
|
31-03-2021 |
31-03-2020 |
31-03-2019 |
|
|
Total Assets |
16684.07 |
18835.76 |
18074.90 |
|
Total Revenue |
11988.95 |
15350.41 |
13236.83 |
|
Profit After Tax |
-813.24 |
-787.52 |
-592.90 |
IPO Details
|
Ipo Opening Date |
04-08-2021 |
|
Ipo Closing Date |
06-08-2021 |
|
IPO Price |
Rs. 86 to Rs.90 per
Equity Share |
|
Market Lot |
165 Shares |
|
Issue Size |
Equity Share of Rs.1
(aggregating up to Rs.1838.00 Cr) |
IPO Time Table
|
Opening Date |
04-08-2021 |
|
Closing Date |
06-08-2021 |
|
Allotment Date |
11-08-2021 |
|
Listing Date |
16-08-2021 |
I do not recommend this IPO because the company has been making losses for a long time.