Devyani International, whose Rs 1,838-crore IPO received a whopping 116.71 instances subscription, is probably to finalise share allotment on Wednesday, 11 August 2021. In the key market place, Devyani International, the biggest franchisee of Pizza Hut, KFC, and Costa Coffee, shares had been quoting at a premium of Rs 61, more than the IPO value of Rs 90 apiece. Devyani International shares had been trading at Rs 151 apiece in the grey market place, a 68 per cent premium more than the concern value, according to the persons who deal in unlisted shares of the corporations. Devyani International has its personal brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrushh Juice Bar.
Devyani International stocks are anticipated to make their stock market place debut on 16 August 2021. The initiation of refunds or unblocking of funds from the ASBA account will take spot on 12 August, and the equity shares will be credited to depository accounts of allottees on 13 August. The IPO investors can verify the IPO allotment status by means of BSE and the registrar’s web-sites. The registrar of the concern is Link Intime India Pvt Ltd, a SEBI-registered entity, accountable for the IPO allotment and refund processing.
Devyani International is an associate firm of RJ Corp, the biggest bottling companion of meals and beverages (F&B) important PepsiCo, and has interests in the Indian retail F&B sector. At the larger finish of the value band, Devyani International IPO is priced at a Price/ Sales ratio of 9.54 instances on a post-concern totally diluted basis (based on FY21 sales). This is reduce compared to its listed peers Jubilant Foodworks (12.88 instances), Burger King (14.92 instances) and Westlife Development (9.81 instances), SEBI-registered investment advisor INDmoney mentioned in a report.
Check Devyani International share allotment status by means of registrar Link Intime India site
To verify the share allotment status, pick the firm name as ‘Devyani International — IPO’ from the drop-down list on the Link Intime India site, when it gets declared. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter the permanent account quantity or Application Number or Depository/Client ID in the box. Enter the offered captcha in the offered space and click the submit button. This will show the quantity of shares that have been applied and allotted to the investor.
Check share allotment status in Devyani International by way of BSE site
Another way to verify the allotment status in Devyani International is by way of the BSE site (https://www.bseindia.com/investors/appli_check.aspx). Select ‘equity’ as the concern kind, and ‘Devyani International Ltd’ as the concern name from the drop-down list, when it gets declared. Enter the application quantity and PAN (permanent account quantity). Click on ‘I am not a Robot’. In the last step, click on the search tab to view the status particulars.
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