Devyani International IPO Listing

The expectations were huge as Devyani International had been subscribed more than 100 times in the IPO. The GMP was indicating a premium listing. While the listing was strong, the stock failed to hold on to higher levels. Devyani International listed at a premium of 56.6% but that turned out to be the high price for the day.  Despite overall subscription of 116.70X in the IPO consisting of HNI subscription at 213.06X and QIB subscription at 95.27X, the listing response tapered later. Here is the Devyani International listing story on 16 August.

The Devyani International IPO price was fixed at the upper end of the band at Rs.90 after the 116.70X subscription. On 16 Aug, the stock of Devyani International  listed on the NSE at a price of Rs.140.90, a hefty premium of 56.6% over the issue price. On the BSE, the stock is listed at a price of Rs.141, a listing premium of 56.7%.

On the NSE, Devyani International closed at Rs.122.60, a first-day closing premium of just about 36.2% over the issue price. On the BSE, the stock closed at Rs.123.35, a first-day closing premium of 37.1%. The opening price was almost the high price of the day.

On Day-1 of listing, Devyani International touched a high of Rs.140.90 on the NSE and a low of Rs.120.80. On Day-1, the Devyani International stock traded a total of 15.24 crore shares on NSE amounting to the value of Rs.1,989 crore. On the NSE, Devyani International was ranked Number 3 by traded value and traded volume on 16th August.

On the BSE, Devyani International touched a high of Rs.141.05 and a low of Rs.120.75. On BSE, the stock traded a total of 69.15 lakh shares amounting to the value of Rs.89.84 crore. At the close of Day-1, Devyani International had a market capitalization of Rs.14,833 crore with a free-float market cap of just Rs.1,632 crore.
 

Check:

1. Upcoming IPOs in 2021

2. Upcoming IPOs in August 2021

3. List of Forthcoming IPOs