Devyani’s international stock enlarges almost 57% in debut trade

New Delhi: Devyani International Stock Ltd., the largest franchisee of Pizza Hut, KFC and Costa Coffee in India, on Monday debut with a large premium of nearly 57 percent of the price of the problem Rs 141, a surge of 56.66 percent of the problem price in BSE.
In NSE, it debuted at Rs 140.90, which reflected a 56.55 percent increase.
The company’s market assessment is Rs 15,482.49 Crore at BSE.
Earlier this month, the initial general offer of Devyani International subscribed to 116.71 times.
IPO RS 1,838-Crore is in the price range of Rs 86-90 per share.
Devyani International is a partner of the RJ Corp., the biggest bottling partner of the Food and Beverage (F & B) major Pepsico, and has an interest in the Indian F & B sector.
The company is the largest YUM brand franchisee, the core brand operates like Pizza Hut, KFC, Costa Coffee besides its own brand like Vahato, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar.
Currently operating 297 Pizza Hut stores, 264 KFC stores, and 44 Costa Coffee on March 202 in India.