InvestorQ : What is the valuations that Devyani International is targeting for its forthcoming IPO?
Moii Chavate made post

What is the valuations that Devyani International is targeting for its forthcoming IPO?

Answer
image
Tisha Malhotra answered.
4 months ago
Follow

Devyani International may be an unknown name, but it is better known in India by the global franchises that it manages. Devyani International is the franchisee for KFC, Pizza Hut and Costa Coffee in India. Its IPO which opens on 04 August, is targeting valuations of Rs.11,000 crore at the upper end of the price band.

The company has set a price band of Rs 86-90 per share and it will be a combination of fresh issue and OFS. The fresh issue proceeds of Rs.440 crore will be used to defray debt. Devyani operates 696 stores across 166 cities and operates via Yum Brands in India. As of now the company is making net losses, which have narrowed on yoy basis.

3 Views