Devyani International Limited IPO – The Initial Public Offering (IPO) of Devyani International Limited ended on 6 August 2021 – Friday. The IPO was subscribed 75.54 times over the three-day period. The response form Retail Individual Investors (RIIs) was also strong as they subscribed this issue 19.53 times. The non-institutional investors subscribed it 154.40 times while the Qualified Institutional Buyers (QIBs) subscribed the issue 55.47 times on the NSE. On the BSE, RIIs subscribed 19.19 times, non-institutional investors subscribed the issue 58.66 times while the QIBs subscribed the issue 39.81 times.

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The company operates quick service restaurants like Costa Coffee, KFC and Pizza Hut.

The company has planned to raise Rs 1838 cr through this issue. The IPO comprised of a fresh issue of up to Rs 440 cr and an Offer for Sale (OFS) of up to 155,333,330 equity shares. The RIIs were allocated 10 per cent of the overall shares available for subscription. For QIBs, 75 per cent of the entire issue was reserved while for NIIs, 15 per cent shares have been allocated.