Devyani International Ltd. has announced public offering of 204222219 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 89.00 per share. The gross proceeds of the issue are expected to be Rs 1,83,800.00 lakhs.

The company's initial public offer (IPO) will open on 04 August 2021 and is expected to close on 06 August 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 86.00-90.00 per share.

The IPO includes a fresh Issue of 204222219 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 165 shares with bids in multiples of 165.

Devyani International Ltd. anticipates using the proceeds of the issue for Repayment/prepayment of all or certain of the borrowings General corporate purposes.

Edelweiss Financial Services Ltd.,Kotak Mahindra Capital Company Ltd.,Motilal Oswal Investment Advisors Private Limited,CLSA India Private Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.