Devyani International finalized the allotment for its IPO on August 12. The IPO which was opened on August 4 was subscribed 116.7 times. The price band for the 1,838 crore IPO was fixed at Rs Rs 86-90 per equity share. The shares allocated for qualified institutional buyers were subscribed 95.27 times, while the portion for non-institutional buyers was subscribed  213.06 times. Retail investors subscribed to their allocated portion 39.48 times. 

The proceeds from the IPO will be utilized for repayment of company borrowings and for general corporate purposes.

Investors can check the allotment status on BSE and Link Intime websites.

Here is a step by step guide to check allotment on the BSE website: 

  1. Go to the BSE website (https://www.bseindia.com/investors/appli_check.aspx)
  2. It will redirect you to a page  ‘Status of Issue Application’, from where the ‘Equity’ option has to be selected. 
  3. In the drop-down menu, select ‘Devyani International’
  4. Enter your application number and PAN card details
  5. Click the ‘I am not a robot’ to verify yourself and click ‘Search’ to see the allotment status

Steps to check allotment status on the Link Intime website: 

  1. Go to Link Inktime website (https://linkintime.co.in/MIPO/Ipoallotment.html)
  2. Select Devyani International as IPO name from the drop-down menu 
  3. Enter Application number or PAN card details
  4. If you have entered the application number, select the application type
  5. Enter the captcha code and click ‘submit’
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