Devyani International IPO share allotment today: How to check status

The company will start the process of refund on August 12 and shares will be credited to the Demat accounts of allottees the next day. Share of Devyani International will start trading on both BSE and NSE from August 16.

Devyani International IPO share allotment today: How to check status

After successfully closing its initial public offering (IPO) in the previous week, KFC, Pizza Hut, and Costa Coffee operator Devyani international will finalize the basis of share allotment today, August 11.

Here's how you can check the status:

The IPO share allocation can be checked on the BSE's website. Select Equity and Issue Name (Devyani International), enter the application number and PAN and click on the search button to know the application status.

Alternatively, you can also check the allotment status on the IPO register's website by following a few easy steps. Investors have to first select either PAN, application number, or DP Client ID. Then select company name (Devyani International -IPO), enter either PAN, application number, or DP Client ID, and click the search button to know whether the shares were allotted to you or not.

The company will start the process of refund on August 12 and shares will be credited to the Demat accounts of allottees the next day. Share of Devyani International will start trading on both BSE and NSE from August 16.

The Rs 1,838-crore public offer received a stellar response from investors as it was subscribed 116.7 times during August 4-6. The reserved portion of qualified institutional buyers was subscribed 95.27 times and that of non-institutional investors 213.06 times, while the portion set aside for retail investors saw a subscription of 39.48 times.

Currently, the shares of Devyani International are trading at a premium of Rs 50-60 in the grey market, the IPO Watch and IPO data showed. This equates to a trading price of Rs 140-150, up 55.6-66.7 percent over the expected final issue price of Rs 90 per share.