Devyani international, the holding company that runs Pizza Hut, KFC, and Costa Coffee in India, was greenlit by SEBI for its IPO.
What should you know?
- Runs 290+ Pizza huts, 260+ KFCs, and 44 Costa Coffee’s in India
- Will raise about ₹1,400 crore in the IPO to fund expansion
- Made ₹15K crores in revenue for peak year pre COVID, and has something called profits that the twitter stonk gurus love
Also, Devs owns a bunch of homegrown quick service shopping-mall-staple eateries — Vaango, Food Street, Masala Twist, Ile Bar, Amreli, you name it.
What to expect — given the outstanding treatment BBQ Nation, Burger King India have received, and the track record of Jubilant Foods, expect markets to lap up every last morsel of a stock that comes out.
Keep the prospectus handy.