Devyani Int'l makes strong debut, lists at 57% premium over issue price

The stock listed at Rs 141, a 57 per cent per cent premium over the issue price of Rs 90 per share on the BSE and the NSE

Devyani International made a strong market debut on Monday as its shares listed at Rs 141 on the bourses, a 57 per cent per cent premium over the issue price of Rs 90 per share. At 10:01 am, the stock was trading at Rs 133.80, 49 per cent above its issue price after hitting a low of Rs 130.70 in intra-day trade on the BSE. A combined 47.2 million equity shares changed hands on the counter on the NSE and BSE.

Devyani International is the largest franchisee of Yum Brands in India and one of the top operators of chain