100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Devyani International Limited IPO Analysis

Devyani International IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1838.00 Cr. The company is based in New Delhi and caters to FMCG - Snacks And Beverages sector. Clsa India , Edelweiss Financial Services , Kotak Mahindra Capital Company , Motilal Oswal Investment Advisors are the merchant bankers of Devyani International IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th May 2021.

Devyani International IPO posted revenues of ₹ 1198.90 crores and PAT of ₹ -81.32 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,134.84 Cr.
            EBITDA: ₹ 299.86 Cr.
            PAT: ₹ -62.99 Cr.
  • EBITDA Margin: 26.42 %
            Pat Margin: -5.55 %
  • Net Worth: ₹ 113.77 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 1.14 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Devyani International IPO Financial Performance (Restated)

Financial results of Devyani International IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY21 FY20 FY19
Balance Sheet
Assets 1668.41 1883.58 1807.49
Net Worth 113.77 -189.10 -70.24
Total Debt 380.48 430.67 400.18
Profit & Loss
Revenue
Revenue on annualised basis
1134.84 1516.39 1310.60
EBITDA
EBITDA on annualised basis
299.86 304.84 280.44
PAT
PAT on annualised basis
-62.99 -121.42 -94.14
Financials
FY21
FY20
FY19
Balance Sheet
Assets
1668.41
1883.58
1807.49

Net Worth
113.77
-189.10
-70.24

Total Debt
380.48
430.67
400.18

Profit & Loss
Revenue
Revenue on annualised basis
1134.84
1,134.84
1516.39
1310.60

EBITDA
EBITDA on annualised basis
299.86
299.86
304.84
280.44

PAT
PAT on annualised basis
-62.99
-62.99
-121.42
-94.14

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Devyani International IPO Key performance Indicators (KPI)

Devyani International IPO PAT Margin is -5.55 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Devyani International IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY21 FY20 FY19
EBITDA Margin (%) 26.42 20.10 21.40
PAT Margin (%) -5.55 -8.01 -7.18
EPS (₹) -0.50 -1.14 -0.75
ROE (%) -55.37 - -
ROCE (%) [●] [●] [●]
ROA (%) -3.78 -6.45 -5.21
Debt to Equity 3.34 -2.28 -5.70
Particulars
FY21
FY20
FY19

EBITDA Margin (%)
26.42
20.10
21.40

PAT Margin (%)
-5.55
-8.01
-7.18

EPS (₹)
-0.50
-1.14
-0.75

ROE (%)
-55.37
-
-

ROCE (%)
[●]
[●]
[●]

ROA (%)
-3.78
-6.45
-5.21

Debt to Equity (x)  
3.34
-2.28
-5.70

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Devyani International IPO Valuation Metrics

The market Capitalisation of Devyani International IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
0.00

P/B (times) :
[●]

NAV (₹) :
1.03

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Devyani International prospectus?

The Devyani International IPO prospectus highlights an Return on Equity (ROE) of -55.37 % , Return on Assets (ROA) of -3.78 %, and an EBITDA Margin of 26.42 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Devyani International IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Devyani International IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Devyani International IPO ?

The post-IPO market capitalisation of Devyani International IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Devyani International IPO?

The Devyani International IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Devyani International IPO?

Devyani International IPO reported revenue of ₹ 1198.90 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Devyani International IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Devyani International IPO?

Devyani International recorded an EBITDA of ₹ 299.86 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Devyani International IPO?

Devyani International Profit After Tax (PAT) is ₹ -62.99 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,134.84 Cr.
            EBITDA: ₹ 299.86 Cr.
            PAT: ₹ -62.99 Cr.
  • EBITDA Margin: 26.42 %
            Pat Margin: -5.55 %
  • Net Worth: ₹ 113.77 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 1.14 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Devyani International operates in FMCG - Snacks And Beverages and Franchisee Of Yum Brands In India. The Issue is listed on BSE,NSE in Aug, 2021. Devyani International IPO size was 1838.00 with Issue price of 90.00 .

Merchant Banker(s) of Devyani International IPO: Clsa India Private Limited , Edelweiss Financial Services Limited , Kotak Mahindra Capital Company Limited , Motilal Oswal Investment Advisors Limited

Devyani International IPO subscription was 116.70 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Devyani International IPO listed at a listing price of 123.35 against the offer price of 90.00.

The current market price of Devyani International is 167.19.

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