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30 Jul 2025 |
Devyani Intl
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Consensus Share Price Target
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164.87 |
187.08 |
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13.47 |
buy
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03 Aug 2021
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Devyani Intl
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Ventura
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164.87
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IPO Note
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02 Aug 2021
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Devyani Intl
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HDFC Securities
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164.87
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IPO Note
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Devyani International Limited IPO Note Issue Open: Aug 04 Aug 06 2021 Price Band: Rs. 86 90 *Issue Size: 204,222,219 eq shares (Fresh Issue of Rs.440 cr + Offer for sale of 155,333,330 eq sh) Issue Size: Rs.1756.31 1838.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh Employee Upto 550,000 eq sh
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02 Aug 2021
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Devyani Intl
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Prabhudas Lilladhar
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164.87
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IPO Note
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We recommend subscribe to IPO of DIL. We believe DIL is on the verge of a new growth phase for the company led by 1) KFC's leadership in Chicken segment 2) strong brand recall and growth prospects of Pizza hut with just 297 stores (1300+ by Dominos) 3) Acquisition of 73 KFC stores of Yum over past 3 years 4) Aggressive expansion with addition of 90 stores in the last 6 months and likely hood of sustaining trend 5) move towards smaller delivery formats for KFC & Pizza Hut (share of delivery up from 50-70% between FY20/21) to achieve faster growth and higher margins and lower payback...
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