Already, an interesting announcement of a very prominent company engaging thousands of people towards it. Yes, we are talking about Devyani International Ltd (DIL) as the company is all set to raise Rs. 1,400 Crore via IPO. So, the searches to know every detail related to Devyani International IPO have increased with its hype. Here, we are providing all the information related to the upcoming IPO 2021. The company already gained a huge profit, but now the company is all set to raise a huge amount through IPO. All the information related to IPO Date, Price, GMP, Listing, Allotment Status, Subscription Details, Review and more are here provided.
Devyani International IPO Opening & Closing Dates
So, the most important and first information that everyone is eager to know about is an IPO Opening Date. Now, the company is all set to invite many traders to invest in the company. The Devyani International IPO Opening Date is 4th August 2021 and everyone is waiting for it. On the other hand, the closing date of the IPO is 6th August 2021. Now, all the people around the world are eagerly waiting to get the upcoming Share Lot of the IPO. The IPO has been opened for all the traders and also the company getting many applications.
Devyani International IPO Details & Review
If we talk about the official reports, then it stated that Devyani International IPO is a fresh issue of Rs. 400 Crores. Along with it, the IPO will be offering the sale of 125.33 million equity shares. Some details of the upcoming IPO in August 2021 are given below.
| IPO Open Date | Aug 4, 2021 |
| IPO Close Date | Aug 6, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹86 to ₹90 per equity share |
| Market Lot | 165 Shares |
| Min Order Quantity | 165 Shares |
| Listing At | BSE, NSE |
| Issue Size | (aggregating up to ₹1,838.00 Cr) |
| Fresh Issue | (aggregating up to ₹440.00 Cr) |
| Offer for Sale | 155,333,330 Eq Shares of ₹1 (aggregating up to ₹1,398.00 Cr) |
Apart from this, the company already touching its peak as the growth of the company stunned many. So, if we talk about the stores, Devyani International started with 109 stores all over the country. The most impressive thing is that the company reaches this point of success in just 6 months. During this time, two companies named KFC and Pizza Hut to come to the top that offers contactless delivery in May 2020 and June 2020.
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Devyani International IPO Tentative Timetable
The company is ready to raise a very huge amount of funds but the confirmed date of its release has not been announced yet. It is expected that Devyani International IPO will be launching on 4th August 2021. Some more expected dates for people searching eagerly are given below.
| IPO Open Date | Aug 4, 2021 |
| IPO Close Date | Aug 6, 2021 |
| Basis of Allotment Date | Aug 11, 2021 |
| Initiation of Refunds | Aug 12, 2021 |
| The credit of Shares to Demat Account | Aug 13, 2021 |
| IPO Listing Date | Aug 16, 2021 |
Let us also tell you that, the company even SEBI has not announced the share yet. Whenever the share will come, we will update further details here. Coming to the point, Devyani International IPO Issue Size is Rs 1,400 crore and the number of shares will be also very huge. Now, if we talk about the managing director of the company, then he is managed by Ravi Kant Jaipuria. On the other hand, the company is also blessed with a very worthy promoters list including some major names such as RJ Corp and Virag Joshi, President & CEO.
Conclusion
The officials regularly initiating some new features to improve customer experience and engage with more orders. The current status of the company clearly shows that it has a very strong financial status and also it is increasing as the company regularly adding some new features and methods. On the other hand, the financial results of the company were also attracting a very huge number of traders after the financial year 2020. The upcoming Devyani International IPO will be going to hit its peak and it will be very beneficially for the company as well as traders. All the details related to the IPO are given in this post and we will regularly update our page whenever any fresh information will come. So, stay connected with All Social Updates to keep your identity up to date with genuine information.