The biggest franchise company of reputed companies like Pizza Hut and KFC and another company is bringing its IPO in the market in August. Price bands have also been fixed for this.
These companies are bringing their IPO
These days different companies are bringing their IPO in the market. In this episode, two well-known companies will launch their IPO in the first week of August. Among them, Devyani International, the largest franchisee of Pizza Hut, KFC and Costa Coffee, will launch its IPO. It will open on 4th August and will close on 6th August. The company has fixed the price per share at Rs 86-90. Devayani International is entering the market with an initial public offering (IPO) of Rs 1,838 crore. With this, investors can get a good opportunity to earn.
Under this IPO, fresh equity shares worth Rs 440 crore will be issued, while the offer for sale of 155,333,330 equity shares will be made by the promoter and existing shareholders. This is the third restaurant chain to bring an IPO recently. Earlier Burger King India and Barbecue Nation Hospitality had come up with IPOs.
Bids can be placed for 165 lots
Investors can bid for lots of minimum 165 shares. Meaning they have to invest at least Rs 14,850 for this. Devyani International will use the amount raised through this IPO to repay the loan. In this issue, 75 percent share has been kept for qualified institutional buyers, 15 percent for non-institutional investors and 10 percent for retail investors. Also the company has reserved 5.50 lakh shares for its employees.
This company will also launch its IPO
Apart from Devyani International, Exxaro Tiles will also launch its IPO in the market. These too will be launched on August 4. The company has fixed the price range for share sale under Initial Public Offer (IPO) at Rs 118-120 per share. A total of 1,342,4000 equity shares will be offered under the IPO, of which 1,11,86,000 equity shares will be offered. Includes fresh offer and offer for sale of 22,38,000 equity shares.
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