Devyani International Limited, the operator of KFC, Pizza Hut, and Costa Coffee, which completed the initial public offering last week, may complete the stock allocation basis today (Wednesday, August 11). Devyani International’s Rs 1,838 crore IPO is open for subscription from August 4 to 6, with a price range of 86 to 90 rupees per share. The IPO received a warm response from investors, and the subscription volume for this issuance was as high as 116.71 times.
According to available data, the company is the largest Indian franchisee of Pizza Hut, KFC, and Costa Coffee, and has received offers of more than 131.79 billion shares, and the total issuance of more than 11.25 million shares. (National Bureau of Standards). After this excellent subscription, investors are now waiting to know if they are lucky enough to receive a rights issue in the IPO. Here is how to check the reward status: Investors can check their reward status in two ways: one on the BSE website and through the IPO registrar website. To check the allocation status on the BSE website, investors should click on this link, and then enter their application number and PAN to understand the allocation status task.
To check the reward status on the IPO registrar website, you need to enter the PAN, application number, or customer ID DP. Then select the company name (Devyani International -IPO), enter the PAN, application number, or DP customer ID, and click the search button to see if the shares have been allocated to you. After the assignment is complete, the registrar will begin the refund process. If you apply through ASBA or UPI, the funds will be released on August 12, and the stock will be credited to your Demat account the next day. Devyani International’s stock price may appear on Monday (August 16). According to sources, the premium of Devyani International’s stock on the gray or unofficial market is about 50 rupees. This means that if the stock is issued at the upper limit of the 90 rupees price range, the trading price of the stock is approximately 140 rupees.
