Sapphire Foods IPO - Peer Comp and Valuation
Sapphire Foods Limited, one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core...
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Devyani IPO Trading - Strongest of the Lot
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, raised around US$250m via its Indian IPO. In this note we will talk...
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Devyani International IPO: First Day Trading
If shares open at around INR 141.0 per share (based on the grey market premium), Devyani International would be valued at 14.2x FY21 revenue...
242 Views
Devyani International IPO: At a Substantial Discount to Burger King, Yet Enough Reasons to Move On
The company raised money from selling shareholders in FY21 to shore up their balance sheet at a 58% discount to the IPO price. The IPO seems like a...
199 Views
Devyani IPO - Still Some Upside on Un-Adjusted EBITDA Basis
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, aims to raise around US$250m via its Indian IPO. The IPO will be a...
188 Views