Devyani International, the parent company of KFC, Pizza Hut, and Costa Coffee, will finalise the basis of share distribution today, August 11, after successfully finishing its initial public offering (IPO) last week.
On the BSE’s website, you can look up the IPO share allotment. To find out the status of an application, select Equity and Issue Name (Devyani International), enter the application number and PAN, and then click the search button.
You can also check the status of your allotment on the IPO register’s website by following a few simple steps. To find out if the shares were allotted to you or not, investors must first select either PAN, application number, or DP Client ID, then select business name (Devyani International -IPO), enter either PAN, application number, or DP Client ID, and click the search button.
The corporation will begin the refund procedure on August 12 and allottees’ demat accounts will be credited the following day. Devyani International’s stock will begin trading on the BSE and NSE on August 16.
Investors responded enthusiastically to the Rs 1,838-crore public offer, which was subscribed 116.7 times between August 4 and 6. Qualified institutional purchasers’ reserved portion was subscribed 95.27 times, non-institutional investors’ reserved portion was subscribed 213.06 times, and individual investors’ reserved portion was subscribed 39.48 times.
According to IPO Watch and IPO data, Devyani International’s shares are currently selling at a premium of Rs 50-60 in the grey market. This translates to a trading price of Rs 140-150 per share, up 55.6-66.7 percent from the anticipated final issue price of Rs 90.