[ad_1]
NEW DELHI: Shares of Devyani Worldwide Ltd, the biggest franchisee of Pizza Hut, KFC and Costa Espresso in India, on Monday debuted with an enormous premium of practically 57 per cent in opposition to its challenge value of Rs 90.
The inventory listed at Rs 141, a bounce of 56.66 per cent from the difficulty value on BSE.
On NSE, it made its debut at Rs 140.90, reflecting a acquire of 56.55 per cent.
The corporate’s market valuation was at Rs 15,482.49 crore on BSE.
Earlier this month, the preliminary public supply of Devyani Worldwide was subscribed a whopping 116.71 instances.
The Rs 1,838-crore IPO was in a value vary of Rs 86-90 per share.
The inventory listed at Rs 141, a bounce of 56.66 per cent from the difficulty value on BSE.
On NSE, it made its debut at Rs 140.90, reflecting a acquire of 56.55 per cent.
The corporate’s market valuation was at Rs 15,482.49 crore on BSE.
Earlier this month, the preliminary public supply of Devyani Worldwide was subscribed a whopping 116.71 instances.
The Rs 1,838-crore IPO was in a value vary of Rs 86-90 per share.
Devyani Worldwide is an affiliate firm of RJ Corp, the biggest bottling companion of meals and drinks (F&B) main PepsiCo, and has pursuits within the Indian retail F&B sector.
The corporate is the biggest franchisee of Yum Manufacturers, working core manufacturers akin to Pizza Hut, KFC, Costa Espresso apart from its personal manufacturers akin to Vaango, Meals Avenue, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar.
It at present operates 297 Pizza Hut shops, 264 KFC shops, and 44 Costa Espresso as of March 2021 in India.