NEW DELHI: The Rs 1,838 crore IPO by Devyani International kicked off on Wednesday. On the block is a fresh issue of shares aggregating Rs 440 crore and an offer for sale (OFS) of up to 15.53 crore shares being sold in the Rs 86-90 price band. Last heard, the unlisted stock was commanding a grey market premium of Rs 63-65.
Since the largest franchisee of KFC, Pizza Hut and Costa Coffee is a loss-making firm, analysts are valuing it on metrics such as EV/Ebitda and EV/sales, and largely have a subscribe rating on the issue. Some of them even suggest subscribing for listing gains.
NEW DELHI: The Rs 1,838 crore IPO by Devyani International was fully subscribed on the first day of the bidding process.
At 5:00 pm, the issue received bids for 30,23,56,560 shares, which was 2.7 times the issue size of 11,25,69,719 shares.
The IPO is being sold in the Rs 86-90 price band. Last heard, the unlisted stock was commanding a grey market premium of Rs 63-65.
Since the largest franchisee of KFC, Pizza Hut, and Costa Coffee is a loss-making firm, analysts are valuing it on metrics such as EV/Ebitda and EV/sales, and largely have a subscribe rating on the issue. Some of them even suggest subscribing for listing gains.
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Burger King shares fall with a thud here’s a take on the swing from one circuit to another
Burger King shares fall with a thud here’s a take on the swing from one circuit to another
Navdeep YadavDec 18, 2020, 07:28 IST
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The shares fell and how! They were locked in a 20%
lower circuit on Thursday after a rip-roaring rally where the stock tripled in just three days since its listing.
When the market reopened trades in
Burger King stock at 2 pm, Business Insider learns that 15 million shares were dumped at once in the market and there were not enough buyers for that kind of volume.
Burger King s IPO investors tripled their money in three days
Navdeep YadavDec 16, 2020, 17:50 IST
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Burger King India’s dream run continues, with the stock surging 232% in three days. The stock was locked in a 20% upper circuit for the third straight session.
The newly listed food chain surpassed the market cap of its rival McDonald’s and surged past ₹7,604 crore.
Analysts believe there is more room for upside. IIFL Securities sees potential for 30-40% growth over next few months. The dream run for the recently listed quick restaurant service chain
Burger King India continues. Its shares were locked in a 20% upper circuit for the third straight session, surging nearly 232% over issue price band.
Burger King s dream run continues, hits 20% upper circuit daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.