The month of August will begin with an initial public offering (IPO) in the stock market. The IPOs of the two companies are coming together in the first week of August. This can be a good earning opportunity for investors.
The IPO of Devyani International IPO, the largest franchise of Pizza Hut, KFC and Costa Coffee in India, is coming up. The IPO of Devyani International is worth about Rs 1,838 crore. Its Price range Rs 86-90 per The share is fixed.
According to the company, the three-day IPO will open on August 4 and close on August 6. Under the IPO, fresh equity shares worth Rs 440 crore will be issued. This includes the offer of sale of 155,333,330 equity shares by the promoter and existing shareholders. The company expects to get Rs 1,838 crore from the IPO.