Devyani International, the largest franchisee of Pizza Hut, KFC, and Costa Coffee in India, is going to open its initial public offering (IPO) for subscription today.
Along with Devyani International, three other IPOs including that of Krsnaa Diagnostics, Windlas Biotech, and Exxaro Tiles will be launched.
Here are key things to know about Devyani International’s IPO:
Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major Pepsico, and has interests in the Indian retail F&B sector.
The company reduced its loss in FY21 to Rs 62.98 crore from Rs 121.42 crore in FY20. Revenue in the same period declined to Rs 1,134.84 crore from Rs 1,516.4 crore.Devyani International is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee besides its own brands such as Vaango, Food Street, Masala Twist, among others. It currently operates 297 Pizza Hut stores, 264 KFC stores, and 44 Costa Coffee as of March 2021 in India.