Devyani International IPO GMP History
Devyani International IPO has been listed on August 16, 2021 at a listing price of ₹140.9, against the issue price of ₹90 — a gain of ₹50.9 (+56.56%). The GMP peaked at ₹50 on 30 July 2021 and reached a low of ₹15 on 28 July 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Devyani International IPO raised ₹1838 Cr. through its IPO at a price band of ₹86 to ₹90 per share, with a lot size of 165 shares. The IPO was open for subscription from 04 Aug 2021 to 06 Aug 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:18 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 31 Jul 2021 | ₹ 40 | ▼ | 44% | — | — |
| 30 Jul 2021 | ₹ 50 | ▲ | 56% | — | — |
| 29 Jul 2021 | ₹ 20 | ▲ | 22% | — | — |
| 28 Jul 2021 | ₹ 15 | — | 17% | — | — |
| 27 Jul 2021 | ₹ 15 | — | 17% | — | — |
Devyani International IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 04 Aug 2021
- Close 06 Aug 2021
- Allotment 11 Aug 2021
- Refund/credit 12 Aug 2021
- Listing 16 Aug 2021
Devyani International IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹90 |
|---|---|
| GMP-based estimate (pre-listing) | ₹130 (+44.4%) |
| Listing gain / loss | +₹50.9 per share |
| Listing date | 16 Aug, 2021 |
| Actual listing price | ₹140.9 (+56.56%) |
Is Devyani International IPO GMP reliable?
Grey market premium for Devyani International IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Devyani International IPO full review for a fundamentals-based assessment before making any grey market trades.
Devyani International IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Devyani International IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Devyani International IPO
Devyani International Limited was incorporated as Universal Ice Creams Private Limited at New Delhi on 13 December 1991. It is the largest franchisee of Yum Brands in India and among the largest quick service restaurant chain operators in the country.
It has three verticals. Core brands are KFC, Pizza Hut and Costa Coffee stores in India. The international business runs mainly KFC and Pizza Hut stores in Nepal and Nigeria. Other business covers its own brands such as Vaango and Food Street.
On 31 March 2021 it ran 655 stores across 155 cities in India, including 264 KFC stores, 297 Pizza Hut stores and 44 Costa Coffee stores. The count rose to 696 stores across 166 cities by 30 June 2021.
The IPO was Rs 1,838 crore, with Rs 440.00 crore of fresh issue and Rs 1,398.00 crore of offer for sale by Dunearn and the promoter RJ Corp. Rs 324.00 crore was planned for repaying borrowings.
Frequently asked
What is the GMP of Devyani International IPO?
The current Grey Market Premium (GMP) of Devyani International IPO is ₹ 40.
What is the Kostak Price of Devyani International IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Devyani International IPO is not available.
What is the Subject to Sauda Price of Devyani International IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Devyani International IPO?
Devyani International IPO listed on August 16, 2021 at ₹140.9, against the issue price of ₹90 — a gain of +56.56%.
How did the GMP of Devyani International IPO trend before listing?
The GMP of Devyani International IPO was falling in its final days before listing. The GMP peaked at ₹50 on 30 July 2021. View the day-wise table above for the complete GMP history.
Explore Devyani International IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
