You Can Check Devyani International IPO Share Allotment Status

Devyani International, India’s largest franchisee of Yum! Brands and QSR (quick service restaurant) has finalised the basis of allotment for their IPO on 11 August 2021. The Rs. 1838 crores IPO of our country’s largest franchisee of Pizza Hut, KFC and Costa Coffee ran from 4 August to 6 August and received an overwhelming response.

Investors who have applied for the IPO can check their allotment status through the Angel One Mobile App or BSE’s official website.

The following guide will walk you through Devyani International IPO allotment status.

How to Check Your Devyani International IPO Allotment Status?

Following are the ways through which you can check the IPO allotment status of your Devyani International IPO shares:

Through the Angel One website/mobile app

The Angel One website or Mobile App allows an easy and convenient way to check your IPO allotment status. Simply follow these steps below:

Step 1: Log in to your account on the Angel One website or app.

Step 2: Click on the menu at the top left corner and choose ‘Investment Opportunities’.

Step 3: Open the IPO section by clicking on IPOs and FPOs.

Step 4: Click on the Order Book and check your status.

On the BSE website

Step 1: Visit the official website of BSE – bseindia.com

Step 2: Select ‘Status of Issue Application’ option from ‘Investor Services’ menu.

Step 3: Click on ‘Application Status Check’ link on the following page.

Step 4: Select ‘Equity’ under the Issue Type and ‘Devyani International’ under the Issue Name.

Step 5: Enter the details for Application Number and PAN.

Step 6: Click the ‘I’m not a robot’ checkbox and then hit ‘Search’.

Devyani International IPO Status

Devyani International’s IPO was worth Rs. 1838 crores and consisted of a fresh issue of Rs. 440 crores and an OFS (offer for sale) of 15.53 crores equity shares. The three-day IPO share sale opened on 4 August 2021 and closed on 6 August 2021.

The initial IPO price band was around Rs. 86 to Rs. 90 per share, and investors could buy a minimum number of 165 shares worth Rs. 14,850. An investor could apply for a maximum of 13 lots, or 2145 shares, worth a total of Rs. 1,93,050.

With high expectations from bidders, the issue was subscribed 116.71 times. The quota reserved for QIB (Qualified Institutional Buyers) was subscribed 95.27 times while non-institutional investors subscribed 213.06 times and individual retail investors 39.51 times. As of now, the Devyani International IPO GMP is around Rs. 51, which is 56% higher than its initial price band.

The company intends to use the proceeds from the IPO sale for general corporate purposes and to retire debt.

The following timetable lists all the important dates for the IPO.

Parting Thoughts

As per latest news, the stock was commanding a 56% higher grey market premium than the initial price band.

Many market observers think that the market is looking bullish on the public issue and may reach a potential stock listing at Rs. 146 apiece. Investors who missed out on the issue may consider buying them after they are listed on the stock exchange.

As the market for this issue seems to go upwards, initial investors may consider holding it. Whatever decision you may take, you should always remember to be careful and do adequate research beforehand.

 

Frequently Asked Questions

1. What is the allotment date for Devyani International IPO?

Investors who bid for this IPO on 4 August to 6 August can check their allotment status on 11 August 2021.

2. Where can I check the allotment status for my IPO?

You can check if you have been allotted IPO shares you bid for on – 1) Angel One website/mobile app 2) BSE’s official website.

3. Why am I not allotted the sharesof the IPO?

There are several reasons why you are getting a No Allotment status. Your bid could have been too low, or it could have not been selected. Or there is a problem with your Demat account or PAN.