Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles Shares Listing on NSE, BSE TODAY: Premium, LISTING GAIN—What to EXPECT?

Devyani International share will get listed on exchanges NSE and BSE today, August 16, 2021. Devyani International Rs 1,838-crore initial public offering (IPO) opened for subscription on August 4, 2021 and concluded on August 6, 2021. The offer comprised a fresh issue of Rs 440 crore and an offer for sale of Rs 1,398 crore by investor Dunearn Investments and promoter RJ Corp.  

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Devyani International IPO was subscribed a whopping 116.71 times on the last day of its closing. Qualified institutional investors' reserved portion was subscribed 95.25 times, non-institutional investors part was subscribed 213.06 times, while retail subscribed the issue 39.52 times.  

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Devyani International share expected to make a strong listing on NSE and BSE on Monday. Pizza Hut operator Devyani International is expected to make a stellar debut on bourses as per Zee Business Managing Editor Anil Singhvi. Singhvi had advocated for subscribing this issue for good listing gains.  

"The brand is very strong which cuts across all age groups. The promoters are also highly experienced in this segment. The company runs several brands which makes this company quite diversified. This also reduces risks and increases growth potential. One should invest in this public issue for BIG LISTING GAINS and also for long term investments," Anil Singhvi had said.  

Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major PepsiCo, and has interests in the Indian retail F&B sector. It is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee besides its own brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar.  

Besides Devyani International shares listing, Monday will also see Rs 1,213.33-crore  Krsnaa Diagnostics IPO, Windlas Biotech IPO and Exxaro Tiles  making their debut on bourses.  

Talking about Krsnaa Diagnostics IPO,  Anil SInghvi had said that the issue has strong anchor book with top investors. "The promoters have a small shareholding of 27 per cent. There are growth opportunities in this company and investors can put money for listing gains and also for long term investment," he said.