Devyani International IPO
Devyani International Limited (DEVYANI) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 August 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +47.1% (likely range +39% to +110%), day's high +69.6%, chance of a gain 97%. Actual: +56.6% at the open, +56.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 6,11,01,666 | 5,82,13,49,490 | 95.3x | |
| NII (HNI) total | 3,05,50,832 | 6,50,90,55,465 | 213x | |
| Retail | 2,03,67,221 | 80,49,33,360 | 39.5x | |
| Employees | 5,50,000 | 25,83,240 | 4.70x | |
| Total | 11,25,69,719 | 13,13,79,21,555 | 117x |
Bids on NSE and BSE together, as published by NSE, as of 06 Aug 2021, 08:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Devyani International's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Burger King IndiaDec 2020 | 86.6x | 354x | 68.2x | 157x | ₹811 Cr | +87.5% | +125.0% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
| Ujjivan Small Finance BankDec 2019 | 111x | 473x | 49.1x | 166x | ₹771 Cr | +58.8% | +69.7% |
| Laxmi Organic IndustriesMar 2021 | 175x | 218x | 20.1x | 107x | ₹605 Cr | +19.6% | +34.3% |
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
Offer documents (NSE)
Frequently asked
What is the Devyani International IPO price band and lot size? ₹86.0–90.0 per share, with a lot of 165 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 117x overall: QIB 95.3x, NII 213x, retail 39.5x, employees 4.70x.
How did it list? It opened at ₹141, +56.6% against the issue price of ₹90.0, and closed its first day +37.2%.
