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Should I subscribe to Devyani International IPO?
We believe this valuation is at reasonable levels. Thus, we recommend a subscribe rating on the issue,” Angel Broking said in a note. The quick service restaurant (QSR) company’s IPO consists of a fresh issue of ₹440 crore and an offer for sale (OFS) of upto 155.33 million shares by shareholders and promoters.
Is it worth investing in Devyani International?
According to stock market experts, both stocks are strong from long-term perspective; but rate of return in Devyani International shares will be higher than Zomato shares. They advised fresh investors to buy Devyani International shares at around ₹120 to ₹125 levels for ₹200 target in next 6 to 8 months time-frame.
Can I invest in Devyani IPO?
Devyani International is launching its IPO. The Rs. public offer comprises a fresh issue of Rs. 440 crores and an offer for sale of 15.53 crore equity shares, valuing the IPO at Rs….Devyani International Limited IPO Closed.
| IPO date | 04 Aug 2021 – 06 Aug 2021 |
|---|---|
| Minimum order quantity | 165 |
| (D)RHP | View |
Can we buy Devyani International?
For those who missed to get Devyani International shares during allotment Ravi Singhal of GCL Securities said, “One can buy Devyani International shares at around ₹125 to ₹130 range keeping stop loss at ₹97.”
What is the GMP of Devyani International?
Since, Devyani International IPO GMP today is ₹58 that means grey market is expecting Devyani International IPO listing at around ₹148 ( ₹90 + ₹58).
What is Devyani International IPO?
More. KFC, Pizza Hut and Costa Coffee operator Devyani International shares made a bumper debut on August 16 as the stock listed with a 56 percent premium on the bourses. It opened at Rs 141 on the BSE and Rs 140.90 on the National Stock Exchange, against issue price of Rs 90 per share.
Is Devyani International profitable?
Devyani International advanced 3.34\% to Rs 126.80 after the company reported a consolidated net profit of Rs 46.6 crore in Q2 FY22 as against a net loss of Rs 65.5 crore in Q2 FY21. It recorded healthy growth in International business, which registered a revenue growth of 90\% YoY to Rs 500 crore.
Is Devyani good for long term?
It is expected to generate good returns as the growth potential of the industry is good once it operates at full capacity, he said. Therefore if allotted, investors can hold the stock for medium to long-term basis, however investors interested in listing gains can exit, Garg said.
How is Devyani International IPO?
Devyani International IPO: Rs 1,838-crore issue opened for subscription on August 4 and closed on August 6 with a stellar subscription of 116.71 times. KFC, Pizza Hut and Costa Coffee operator Devyani International shares made a bumper debut on August 16 as the stock listed with a 56 percent premium on the bourses.
What is grey market price of Devyani International?
Investors in the grey market traded Devyani’s shares at a premium of Rs 50-55, the IPO Watch and IPO Central data showed. This resulted into a trading price of Rs 140-145 per share, which is 55.6-61.1 percent higher over the final issue price of Rs 90.
When Devyani shares will be listed?
“Devyani International IPO is going to list on exchange on 16 august 2021. Devyani International has received strong response from investors and oversubscribed around 116.7x times.