, India

KFC India franchisee Devyani International files for US$191m IPO

The company was able to open 109 stores across its core brand business in the last six months despite the pandemic.

Devyani International, considered the largest franchisee of KFC, Pizza Hut and Costa Coffee in India, is looking to raise nearly ₹1,400 crore (US$191 million) through an initial public offering (IPO).

According to a draft red herring prospectus (DRHP) with India’s securities and exchange board, the offer comprises a fresh issue of ₹400 crore and an offer of sale of up to 125.33 million equity shares.

Despite the pandemic, the company opened 109 stores across its core brand business in the last six months.

Kotak Mahindra Capital Company Ltd, CLSA India Pvt Ltd, Edelweiss Financial Services Ltd, Motilal Oswal Investment Advisors Ltd serve as the investment bankers to the issue.

DIL's business from core brands accounted for 94.19% of its revenues from operations whilst delivery sales represented 70.20%.

Follow the link for more news on

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


2021: Year In Review
We look back at the highs and lows of the Asian multi-site restaurant industries these past twelve months.
Subway APAC president: regional growth can match U.S. foothold
In his first-ever interview with QSR Media, Eric Foo details the chain’s expansion targets and stressed their ongoing investment in digital engagement.
How EFG is rethinking its brand portfolio to turbocharge post-COVID growth
Managing director Martin Darby elaborates on the company’s omnichannel strategy and reveals key advantages of handling brands from various franchisors.