Devyani International , the largest franchisee of Pizza Hut, KFC, and Costa Coffee in India, made its stock market debut on Monday with its shares listing at ₹140.9 per share on the NSE, a 56% premium over its issue price of ₹90. Meanwhile, Krsnaa Diagnostics shares listed at over 5% premium at ₹1,005.5 per share on the NSE from issue price of ₹954 apiece. The initial public offer (IPO) of Devyani International closed on August 6 and was subscribed a whopping 116.71 times on the closing day of subscription. The ₹1,838-crore IPO received bids for 13,13,77,91,700 shares against 11,25,69,719 shares on offer. Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major PepsiCo, led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO.

Source: Mint August 16, 2021 04:27 UTC