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July 30, 2021
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IPO Alert: Devyani International Limited

Devyani International Limited was incorporated in 1991, and is the largest franchisee of Yum Brands in India, which operates famous brands, such as KFC, Pizza Hut and Taco Bell. Devyani International is also a franchisee for the Costa Coffee brand, with presence in 166 cities in India.

Bid/Offer Opens On Wednesday, 04-Aug-21
Bid/Offer Closes On Friday, 06-Aug-21
Price Band Rs. 86 - Rs. 90 per equity share
Lot Size 165 Shares

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The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment 11-Aug-21
Initiation of Refunds 12-Aug-21
Credit of Shares to Demat Acct 13-Aug-21
IPO Shares Listing Date 16-Aug-21
UPI mandate expiry date 23-Aug-21

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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