Devyani International operates 297 Pizza Hut shops, 264 KFC shops and 44 Costa Coffee throughout India
Devyani International has obtained SEBI’s nod for its proposed preliminary public providing (IPO). The IPO will encompass a contemporary concern of shares price Rs 400 crore and a proposal of sale of as much as 12.5 crore shares. Devyani International is the most important franchisee of Yum Brands in India, moreover working fast service restaurant (QSR) manufacturers corresponding to Pizza Hut and KFC, and its personal manufacturers Vango and Food Street.
The IPO proceeds can be utilised to retire debt and for common company functions, in keeping with draft crimson herring prospectus.
Devyani International is led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO. The firm’s enterprise is broadly categorized into three verticals i.e. KFC, Pizza Hut and Costa Coffee. It operated 297 Pizza Hut shops, 264 KFC shops and 44 Costa Coffee throughout India, as of March 2021.
Devyani International is the most important franchisee of Yum Brands, working core manufacturers corresponding to Pizza Hut, KFC and Costa Coffee, as additionally its personal manufacturers corresponding to Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar.
Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and Motilal Oswal Investment Advisors are the service provider bankers to the IPO.
