Devyani Employee Form
Devyani Employee Form
Devyani Employee Form
FOR ELIGIBLE EMPLOYEES Registered Office: F-2/7, Okhla Industrial Area, Phase-I, New Delhi 110 020, India; Tel: 011 4170 6720; Website: www.dil-rjcorp.com;
Corporate Office: Plot No. 18, Sector-35, Gurugram 122 004, Haryana, India; BIDDING IN THE EMPLOYEE
BIDDING UNDER
EMPLOYEE RESERVATION PORTION
Contact Person: Anil Dwivedi, Company Secretary and Compliance Officer; E-mail: companysecretary@dil-rjcorp.com; RESERVATION PORTION
Corporate Identity Number: U15135DL1991PLC046758
TEAR HERE
Mr. /Ms.
SUB-BROKER’S / SUB-AGENT’S STAMP & CODE SCSB BRANCH STAMP & CODE
Address
Email
BANK BRANCH SERIAL NO. SCSB SERIAL NO. Tel. No. (with STD code) / Mobile
2. PAN OF SOLE / FIRST BIDDER
For NSDL enter 8 digit DP ID followed by 8 digit Client ID / For CDSL enter 16 digit Client ID
4. BID OPTIONS (ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION CAN BID AT “CUT-OFF”) 5. CATEGORY 6. INVESTOR STATUS
No. of Equity Shares Bid (In Figures) Price per Equity Share (`)/ “Cut-off”
(Bids must be in multiples of (Price in multiples of ` 1/- only) (In Figures only) Eligible Employees - EMP
Bid Bid Lot as advertised)
Options Bid Price Employee Discount Net Price “Cut-off”
8 7 6 5 4 3 2 1 3 2 1 3 2 1 3 2 1 (Pleasetick)
Eligible ___________________________________
EMPLOYEE CODE / NUMBER
Option 1 Employee
(OR) Option 2 ___________________________________
PLEASE FILL IN BLOCK LETTERS
(OR) Option 3
I/WE (ON BEHALF OF JOINT BIDDERS, IF ANY) HEREBY CONFIRM THAT I/WE HAVE READ AND UNDERSTOOD THE TERMS AND CONDITIONS OF THIS BID CUM APPLICATION FORM AND THE ATTACHED
ABRIDGED PROSPECTUS AND THE GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC OFFERS (“GID”) AND HEREBY AGREE AND CONFIRM THE ‘BIDDERS UNDERTAKING’ AS GIVEN
OVERLEAF. I/WE (ON BEHALF OF JOINT BIDDERS, IF ANY) HEREBY CONFIRM THAT I/WE HAVE READ THE INSTRUCTIONS FOR FILLING UP THE BID CUM APPLICATION FORM GIVEN OVERLEAF.
8B. SIGNATURE OF ASBA BANK ACCOUNT HOLDER(S) SYNDICATE MEMBER / SUB-SYNDICATE MEMBER
8A. SIGNATURE OF SOLE/ FIRST BIDDER (AS PER BANK RECORDS) / REGISTERED BROKER / SCSB / CDP / RTA STAMP
I/We authorise the SCSB to do all acts as are necessary to make the application in the Offer. (Acknowledging upload of Bid in Stock Exchange system)
1)
2)
TEAR HERE
DEVYANI INTERNATIONAL LIMITED Acknowledgement Slip for Syndicate Bid cum
Member/Registered Broker/SCSB/ Application
INITIAL PUBLIC OFFER - ELIGIBLE EMPLOYEES BIDDING
CDP/RTAs/Sub-Syndicate Member/Agents Form No.
IN THE EMPLOYEE RESERVATION PORTION
PAN of Sole / First Bidder
DPID
/
CLID
Amount blocked (` in figures) ASBA Bank A/c No. Stamp & Signature of SCSB Branch
Bank Name & Branch
Broker/SCSB/CDP/RTAs/Sub-Syndicate Member/Agents
No. of Equity Shares
RESERVATION PORTION
TEAR HERE
● In case of queries related to Allotment/ credit of Allotted Equity Shares, the Bidders COMPANY CONTACT DETAILS REGISTRAR TO THE OFFER CONTACT DETAILS
should contact Registrar to the Offer. DEVYANI INTERNATIONAL LIMITED Link Intime India Private Limited
● In case of Bids submitted to the SCSBs, the Bidders should contact the relevant SCSB. Registered Office: F-2/7, Okhla Industrial Area, Phase-I, C 101, 247 Park, L.B.S. Marg
● In case of queries related to upload of Bids submitted to the relevant member of the New Delhi 110 020, India; Vikhroli (West), Mumbai 400 083
Syndicate / RTAs / Registered Brokers / CDPs, as applicable, the Bidders should contact Tel: +91 011 4170 6720; Website: www.dil-rjcorp.com; Maharashtra, India
Corporate Office: Plot No. 18, Sector-35, Gurugram 122 004, Tel: +91 22 4918 6200
the relevant Designated Intermediary.
Haryana, India; E-mail: devyani.ipo@linkintime.co.in
● For UPI related queries, investors can contact NPCI at the toll free number:- Website: www.linkintime.co.in
18001201740 and Mail ld:- ipo.upi@npci.org.in ; Axis Bank Limited at Contact Person: Anil Dwivedi, Company Secretary and Compliance Officer;
Investor grievance E-mail: devyani.ipo@linkintime.co.in
Tel: +91 98716 65434 and E-mail: dlfcybercity.branchhead@axisbank.com; and the E-mail: companysecretary@dil-rjcorp.com; Contact Person: Shanti Gopalkrishnan
Registrar to the Offer at Tel: +91 22 4918 6200 and E-mail: devyani.ipo@linkintime.co.in Corporate Identity Number: U15135DL1991PLC046758 SEBI Registration No.: INR000004058
GENERAL RISKS
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of
losing their entire investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision,
investors must rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares in the Offer have not been recommended or
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of the contents of this Red Herring Prospectus.
Specific attention of the investors is invited to “Risk Factors” beginning on page 27 of the RHP.
PRICE INFORMATION OF BRLMS
Issue Name Name of +/- % change in closing price, [+/- % change in closing benchmark]
Merchant Banker 30th calendar 90th calendar 180th calendar
days from listing days from listing days from listing
Clean Science and Technology Limited Kotak - - -
G R Infraprojects Limited Kotak, Motilal - - -
Krishna Institute of Medical Sciences Limited Kotak - - -
Sona BLW Precision Forgings Limited Kotak +45.45%, [+0.42%] - -
Macrotech Developers Limited Kotak, Edelweiss +30.22%[+5.21%] +75.43%[+10.89%] -
Home First Finance Company India Limited Kotak +4.98%[+1.97%] -5.64%[-1.05%] -
Zomato Limited Kotak - - -
Burger King India Limited Kotak, CLSA, Edelweiss +146.50%, [+7.41%] +135.08%, [+10.86%] +168.25%, [+16.53%]
Stove Kraft Limited Edelweiss 30.68% [0.09%] 28.92% [-2.05%] -
Indigo Paints Limited Kotak, Edelweiss +75.72% [4.08%] +55.40% [-0.11%] -
Equitas Small Finance Bank Limited Edelweiss 5.45% [12.34%] 19.55% [16.84%] 68.18% [25.38%]
Mazagon Dock Shipbuilders Limited Edelweiss 18.90% [5.87%] 52.90% [20.25%] 45.79% [24.34%]
Powergrid Infrastructure Investment Trust Edelweiss 14.00% [7.64%] - -
Notes : 1. Disclosures subject to recent 7 issues (initial public offerings) in current financial year and two preceding financial years managed by each Lead
Manager with common issues disclosed once.
For further details, please refer to price information of past issued handled by Lead Managers starting on page 380 of the RHP.
GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS BOOK RUNNING LEAD MANAGER
Kotak Mahindra Capital CLSA India Private Limited Edelweiss Financial Services Limited Motilal Oswal Investment
Company Limited Tel: +91 22 6650 5050 Tel: +91 22 4009 4400 Advisors Limited
Tel: +91 22 4336 0000 E-mail: devyani.ipo@clsa.com E-mail: dil.ipo@edelweissfin.com Tel: +91 22 7193 4380
E-mail: dil.ipo@kotak.com Investor Grievance E-mail: Investor Grievance E-mail: E-mail: devyani.ipo@motilaloswal.com
Investor Grievance E-mail: investor.helpdesk@clsa.com customerservice.mb@edelweissfin.com Investor Grievance E-mail:
kmccredressal@kotak.com moiaplredressal@motilaloswal.com
Name of Syndicate Members Kotak Securities Limited, Edelweiss Securities Limited and Motilal Oswal Financial Services Limited
Registrar to the Offer Link Intime India Private Limited; Tel: +91 22 49186200; E-mail: devyani.ipo@linkintime.co.in;
Investor Grievance E-mail: devyani.ipo@linkintime.co.in
Joint Statutory Auditors APAS & Co. LLP, Chartered Accountants and Walker Chandiok & Co LLP, Chartered Accountants
Name of Credit Rating Agency and Not Applicable
grading obtained, Debenture Trustee
Self-Certified Syndicate Banks, The list of SCSBs notified by SEBI for the ASBA process is available at http://www.sebi.gov.in/sebiweb/other/
Syndicate SCSB Branches and OtherAction.do?doRecognised=yes, or at such other website as may be prescribed by SEBI from time to time. A
mobile applications enabled for list of the Designated SCSB Branches with which an ASBA Bidder (other than a RII using the UPI Mechanism),
UPI mechanism not bidding through Syndicate/Sub Syndicate or through a Registered Broker, RTA or CDP may submit the Bid
cum Application Forms, is available at https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=ye
s&intmId=34, or at such other websites as may be prescribed by SEBI from time to time.
In relation to Bids (other than Bids by Anchor Investor) submitted to a member of the Syndicate, the list of branches
of the SCSBs at the Specified Locations named by the respective SCSBs to receive deposits of Bid cum Application
Forms from the members of the Syndicate is available on the website of the SEBI (https://www.sebi.gov.in/sebiweb/
other/OtherAction.do?doRecognisedFpi=yes&intmId=35) and updated from time to time. For more information on
such branches collecting Bid cum Application Forms from the Syndicate at Specified Locations, see the website
of the SEBI at https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=35as updated
from time to time.
In accordance with SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated June 28, 2019 and SEBI Circular
No. SEBI/HO/CFD/DIL2/CIR/P/2019/85 dated July 26, 2019, Retail Individual Investors Bidding using the UPI
Mechanism may apply through the SCSBs and mobile applications whose names appears on the website of the SEBI
(https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=40) and (https://www.sebi.
gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=43) respectively, as updated from time to time
Registered Brokers Bidders can submit ASBA Forms in the Offer using the stock broker network of the stock exchange, i.e. through
the Registered Brokers at the Broker Centres. The list of the Registered Brokers, including details such as postal
address, telephone number and e-mail address, is provided on the websites of the Stock Exchanges at https://www.
bseindia.com/ and https://www.nseindia.com, as updated from time to time.
Details regarding website The list of the RTAs eligible to accept ASBA Forms at the Designated RTA Locations, including details such as
address(es)/ link(s) from which address, telelphone number and e-mail address, is provided on the websites of Stock Exchanges at https://www.bseindia.
the investor can obtain a list of com/Static/PublicIssues/RtaDp.aspx and http://www.nseindia.com/products/content/equities/ipos/asba_procedures.htm,
RTAs, CDPs and stock brokers respectively, as updated from time to time.
who can accept applications from
investors, as applicable:
PROMOTER OF OUR COMPANY
The Promoters of our Company are: Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Limited.
1. Ravi Kant Jaipuria, is a Non-Executive Director and Chairman of the Board of our Company and has over three decades of experience in conceptualizing,
executing, developing and expanding food, beverages and dairy business in South Asia and Africa.
2. Varun Jaipuria, is a Non-Executive Director of our Company. He attended Millfield School, Somerset, England and attended a degree course in
international business from the Regent’s University, London. He has 12 years of experience in the soft drinks industry and has also completed a program
for leadership development at the Harvard Business School.
3. RJ Corp Limited (RJ Corp) : RJ Corp was incorporated on March 1, 1980 as Cheers Beverages Private Limited, a private limited company under the
Companies Act, 1956 with the RoC. Its registered office is situated at F-2/7, Okhla Industrial Area, Phase-I, New Delhi 110 020. RJ Corp is currently
engaged in running franchise of a sports brand, trading in ice-cream and milk products, and investment activities in group and other companies.
For details in respect of the Promoter, see “Our Promoter and Promoter Group” beginning on page 192 of the RHP.
OUR BUSINESS OVERVIEW AND STRATEGY
Business Overview : We are the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants (“QSR”) in
India (Source: GlobalData Report), on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021, and 696 stores across 166
cities in India, as of June 30, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than
50,000 restaurants in over 150 countries, as of December 31, 2020. In addition, we are a franchisee for the Costa Coffee brand and stores in India. Our business
is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to
as “Core Brands”, and such business in India referred to as the “Core Brands Business”); stores operated outside India primarily comprising KFC and Pizza
Hut stores operated in Nepal and Nigeria (“International Business”); and certain other operations in the F&B industry, including stores of our own brands
such as Vaango and Food Street (“Other Business”). Revenue from our Core Brands Business, together with our International Business, represented 83.01%,
82.94% and 94.19% of our revenue from operations in Fiscals 2019, 2020 and 2021, respectively.
Strengths : 1) Portfolio of highly recognized global brands catering to a range of customer preferences; 2) Multi-dimensional comprehensive QSR player; 3)
Presence across key consumption markets with a cluster-based approach, 4) Cross brand synergies with operating leverage; 5) Disciplined financial approach
with focus on cash flows and returns, 6) Distinguished Board and experienced senior management team.
Strategies : 1) Strategically expand store network of our Core Brands Business; 2) Continue to improve unit-level performance; 3) Focus on delivery channel
for Core Brands; 4) Invest in technology and focus on our digital capabilities.
BOARD OF DIRECTORS
Sr. Name Designation Experience including current/past position held in other firms
No.
1 Ravi Kant Non-Executive He is our Company’s promoter and has over three decades of experience in conceptualizing, executing, developing and
Jaipuria Director and expanding food, beverages and dairy business in South Asia and Africa. He has an established reputation as an entrepreneur
Chairman and a business leader.
2 Varun Jaipuria Non-Executive He has 12 years of experience in the soft drinks industry and has also completed a program for leadership development
Director at the Harvard Business School. He has been a Director on our Board since November 13, 2009.
3 Raj Pal Non-Executive He has over 28 years of experience with our group company and has been instrumental in strategizing our diversification,
Gandhi Director expansion, mergers and acquisitions, capex funding and institutional relationship. He has been a Director on our Board
since August 13, 2007.
4 Virag Joshi Whole-time Director He has been a key strategist in expansion of Pizza Hut, KFC, Costa Coffee outlets from a small base of five restaurants
(President & CEO) in 2002 to 600 plus outlets. He has been a Director on our Board since November 10, 2004.
5 Manish Dawar Whole-time Director He is a chartered accountant and has worked in various corporate setups including Reebok India, Reckitt Benckiser,
and Chief Financial Vedanta, DEN Networks Limited, and Vodafone India Limited. He has been a Director on our Board since February
Officer 17, 2021.
6 Ravi Gupta Independent Director He holds bachelor’s and master’s degree in commerce from University of Delhi and was employed as Associate Professor
in commerce department of Shri Ram College of Commerce, University of Delhi. He has been Director on our Board
since April 6, 2018.
7 Rashmi Independent Director She holds a bachelor’s degree in arts from the University of Delhi and attorney-at-law from the Calcutta High Court.
Dhariwal She has been a Director on our Board since April 6, 2018.
8 Naresh Trehan Independent Director He is a certified thoracic and cardiac surgeon by the American Board of Thoracic Surgery. He was awarded Padma
Bhushan Award in 2001 by the Government of India. He has been a Director on our Board since April 21, 2021.
9 Girish Kumar Independent Director He holds a bachelor’s and master’s degree in commerce from the University of Delhi. He is a qualified and practicing
Ahuja chartered accountant for the past 45 years. He has been a Director on our Board since April 21, 2021.
10 Pradeep Independent Director He holds a bachelor’s degree in mechanical engineering from the Indian Institute of Technology, Delhi. He has 19 years
Khushalchand of industry experience and was previously associated with PepsiCo. He has been a Director on our Board since April
Sardana 21, 2021.
For further details in relation to our Board of Directors, see “Our Management” beginning on page 176 of the RHP.
OBJECTS OF THE OFFER
The Offer comprises of a Fresh Issue of up to [●] Equity Shares aggregating up to ₹ 4,400 million by our Company and an Offer for Sale of up to
155,333,330 Equity Shares aggregating up to ₹ [●] million, comprising up to 65,333,330 Equity Shares by Dunearn aggregating up to ₹ [●] million and
up to 90,000,000 Equity Shares by RJ Corp.
Proposed schedule of implementation and deployment of Net Proceeds
We propose to deploy the Net Proceeds towards the Objects in accordance with the estimated schedule of implementation and deployment of funds as follows:
(₹ in million)
Particulars Amount to be funded from the Estimated deployment of the
Net Proceeds Net Proceeds in Fiscal 2022
Repayment/prepayment of all or certain borrowings of our Company 3,240.00 3,240.00
General corporate purposes(1) [●] [●]
Total [●] [●]
(1) To be finalized upon determination of the Offer Price and updated in the Prospectus prior to filing with the RoC. The amount utilised for general corporate
purposes shall not exceed 25% of the Net Proceeds.
Means of Finance
The fund requirements for the Objects are proposed to be entirely funded from the Net Proceeds and hence, no amount is proposed to be raised through
any other means of finance. Accordingly, we are in compliance with the requirements prescribed under Paragraph 9(C)(1) of Part A of Schedule VIII
and Regulation 7(1)(e) of the SEBI ICDR Regulations which require firm arrangements of finance to be made through verifiable means towards at least
75% of the stated means of finance, excluding the amount to be raised through the Fresh Issue and existing internal accruals. In case of a shortfall in
the Net Proceeds or any increase in the actual utilisation of funds earmarked for the Objects, our Company may explore a range of options including
utilizing our internal accruals.
Details and reasons for non-deployment or delay in deployment of proceeds or changes in utilisation of issue proceeds of past public issues /
rights issues, if any, of the Company in the preceding 10 years: Not Applicable
Terms of Issuance of Convertible Security, if any: Not Applicable
Name of Monitoring Agency: Axis Bank Limited
Shareholding Pattern as on the date of the RHP:
Category of shareholder Number of Shares held Shareholding as a % of total pre-Offer
paid up Equity Share capital
Promoter and Promoter Group* 874,339,464 75.79
Public 279,295,526 24.21
Total 1,153,634,990 100.00
*Promoter Group does not hold Equity Shares as of the date of the RHP.
Number of Equity Shares proposed to be sold by Selling Shareholder:
Name of the Selling Shareholder Number of Equity Shares proposed to be sold
Dunearn Up to 65,333,330 Equity Shares
RJ Corp Up to 90,000,000 Equity Shares
RESTATED FINANCIAL STATEMENTS
Summary of Restated Consolidated Financial Information
(All amounts in million of Indian Rupees, unless otherwise stated)
Particulars Financial Year ended Financial Year ended Financial Year ended
March 31, 2021 March 31, 2020 March 31, 2019
Revenue from operations 11,348.38 15,163.86 13,105.98
Restated loss before exceptional items and tax (1,392.76) (1,114.89) (711.36)
Restated loss for the year (629.87) (1,214.18) (941.44)
Basic earnings per share (`) (0.50) (1.14) (0.75)
Diluted earnings per share (`) (0.50) (1.14) (0.75)
6 DEVYANI INTERNATIONAL LIMITED
IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS
Particulars As at As at As at
March 31, 2021 March 31, 2020 March 31, 2019
Equity share capital 1,153.63 1,061.67 1,061.67
Other equity (15.90) (2,952.68) (1,764.05)
Non-controlling interests (419.15) (391.14) (509.61)
Total equity 718.58 (2,282.15) (1,211.99)
Return on net worth (48.52%) NA* NA*
Net Asset Value per Equity Share (in ₹) 1.03 (1.78) (0.66)
* Not Applicable since Company has loss and negative net worth in the relevant periods
For further details, see “Restated Consolidated Financial Statements” on beginning on page 205 of the RHP.
INTERNAL RISK FACTORS
Below mentioned risks are the top 5 risk factors as per the RHP. Please also refer to the section titled “Risk Factors” on page 27 of the RHP.
1) The current and continuing impact of the ongoing COVID-19 pandemic on our business and operations has been significant. The impact of the
pandemic on our operations in the future, including its effect on the ability or desire of customers to dine in stores, is uncertain and may be significant
and continue to have an adverse effect on our business prospects, strategies, business, operations, our future financial performance, and the price of
our Equity Shares.
2) We rely on our arrangements with Yum for our KFC and Pizza Hut stores that comprise a significant majority of our business, and a termination of
or inability to renew these arrangements, will have a material adverse effect on our business, results of operations and financial condition.
3) We rely on the Costa IDA with Costa for our Costa Coffee stores and a termination of or material modification to the existing terms of the Costa
IDA will materially and adversely affect our ability to continue our Costa business and operations and our future financial performance.
4) We have incurred losses in Fiscals 2019, 2020 and 2021, resulting in erosion of our net worth. In the event our net loss continues to increase, it may
adversely affect our business and financial condition.
5) Our Statutory Auditors have included certain adverse remarks/ qualifications/ matters of emphasis in our Audited Consolidated Financial Statements.
SUMMARY OF OUTSTANDING LITIGATIONS, CLAIMS AND REGULATORY ACTION
A. Total number of outstanding litigations/ regulatory action against the Company and amount involved:
Type of Proceedings No. of cases Amount involved (in million)*
Litigation against our Company 35 1.21
Indirect tax matters 8 19.45
Direct tax matters 8 0.28
*to the extent quantifiable
B. Top 5 material outstanding litigation/regulatory action against the Company:
Sr. Particulars Litigation filed Current Amount involved
No. by Status (in million)*
1. An FIR was filed under Sections 406, 272 and 273 of the Indian Penal Code, 1860 in the Ashim Borah Outstanding -
Jorhat police station on October 16, 2020 alleging that the chicken served to him and to
other customers at KFC, Jorhat was rotten and sought an inquiry into the quality of the
food served at the establishment. Subsequently, the investigating officer issued a notice for
examination under Section 41(A) of the Code of Criminal Procedure, 1973 (“CrPC”) to
Subrata Chakraborty, the Regional Manager (Operations) for KFC, Gauhati (employee of
our Company) and others. On receipt of such notice, Subrata Chakraborty filed a criminal
petition under Section 482 of the CrPC before the Gauhati High Court to quash the FIR,
submitting that the allegations made in the FIR are false and baseless and the alleged items
had not been properly examined under the Food Safety and Standards Act, 2006 (“FSSA”),
and the police had no power to investigate the matter without a judicial order. The Gauhati
High Court, by its order dated December 2, 2020 directed that no coercive order shall be
taken against Subrata Chakraborty till the returnable date.
2. Mr. Ranjeet Singh filed an FIR under Section 3 of the Delhi Prevention of Defacement of M r. R a n j e e t Outstanding -
Public Property, 2007 with the Saket police station on December 31, 2019 against Partner/ Singh
Director of Pizza Hut located at 9 Community Centre, PVR Saket, New Delhi, alleging that
our Company has displayed the signage of Pizza Hut in violation of the permissible size
allowed by the South Delhi Municipal Corporation. Thereafter, a trial has been initiated
pursuant to the FIR. The matter is currently pending in the Saket District Court.
OFFER STRUCTURE
Particulars Eligible Employees# QIBs(1) Non-Institutional Bidders Retail Individual Bidders
Number of Equity Up to 550,000 Equity Shares Not less than [●] Equity Shares Not more than [●] Equity Shares available for Not more than [●] Equity Shares available for
Shares available for allocation or Net Offer less allocation to QIB allocation or Net Offer less allocation to QIB
Allotment/ allocation*(2) Bidders and Retail Individual Bidders Bidders and Non-Institutional Bidders
Percentage of Offer size The Employee Reservation Portion shall constitute up Not less than 75% of the Net Offer being available for allocation to QIB Not more than 15% of the Net Offer or the Net Not more than 10% of the Net Offer or the
available for Allotment/ to [●]% of the Offer Size Bidders. However, up to 5% of the Net QIB Portion will be available for Offer less allocation to QIB Bidders and RIBs Net Offer less allocation to QIB Bidders and
allocation allocation proportionately to Mutual Funds only. Mutual Funds participating Non-Institutional Bidders
in the Mutual Fund Portion will also be eligible for allocation in the remaining
QIB Portion. The unsubscribed portion in the Mutual Fund Portion will be
added to the Net QIB Portion
Basis of Allotment if Proportionate# Proportionate as follows (excluding the Anchor Investor Portion): Proportionate The allotment to each Retail Individual Bidder
respective category is (a) Up to [●] Equity Shares shall be available for allocation on a proportionate shall not be less than the minimum Bid Lot,
oversubscribed* basis to Mutual Funds only; and subject to availability of Equity Shares in the
(b) Up to [●] Equity Shares shall be available for allocation on a proportionate Retail Portion and the remaining available
basis to all QIBs, including Mutual Funds receiving allocation as per (a) Equity Shares if any, shall be Allotted on a
above. proportionate basis. For further details, see
“Offer Procedure” beginning on page 396
Up to [●] Equity Shares may be allocated on a discretionary basis to Anchor of the RHP.
Investors of which one-third shall be available for allocation to Mutual Funds
only, subject to valid Bid received from Mutual Funds at or above the Anchor
Investor Allocation Price
Minimum Bid [●] Equity Shares and in multiples of [●] Equity Such number of Equity Shares and in multiples of [●] Equity Shares that the Such number of Equity Shares in multiples [●] Equity Shares and in multiples of [●]
Shares thereafter Bid Amount exceeds ₹200,000 of [●] Equity Shares that the Bid Amount Equity Shares thereafter
exceeds ₹200,000
Maximum Bid Such number of Equity Shares in multiples of [●] Such number of Equity Shares in multiples of [●] Equity Shares not exceeding Such number of Equity Shares in multiples of Such number of Equity Shares in multiples of
Equity Shares, so that the maximum Bid Amount by the size of the Net Offer, subject to applicable limits [●] Equity Shares not exceeding the size of the
[●] Equity Shares so that the Bid Amount does
each Eligible Employee in Eligible Employee Portion Net Offer (excluding the QIB portion), subjectnot exceed ₹200,000
does not exceed ₹ 500,000 to applicable limits to the Bidder
Mode of Allotment Compulsorily in dematerialised form
Bid Lot [●] Equity Shares and in multiples of [●] Equity Shares thereafter
Allotment Lot [●] Equity Shares and in multiples of one Equity Share thereafter
Trading Lot One Equity Share
Who can apply(3) Eligible Employees (such that the Bid Amount does not Public financial institutions as specified in Section 2(72) of the Companies Resident Indian individuals, Eligible NRIs, Resident Indian individuals, Eligible NRIs and
exceed ₹ 500,000) Act, 2013, scheduled commercial banks, Mutual Funds, FPIs (other than HUFs (in the name of the karta), companies, HUFs (in the name of the karta)
individuals, corporate bodies and family offices), VCFs, AIFs, FVCIs corporate bodies, scientific institutions
registered with SEBI, multilateral and bilateral development financial societies and trusts and any individuals,
institutions, state industrial development corporation, insurance company corporate bodies and family offices including
registered with IRDAI, provident funds with minimum corpus of ₹250 FPIs which are individuals, corporate bodies
million, pension funds with minimum corpus of ₹250 million National and family offices which are re-categorised
Investment Fund set up by the Government of India, insurance funds set as Category II FPIs and registered with SEBI
up and managed by army, navy or air force of the Union of India, insurance
funds set up and managed by the Department of Posts, India and Systemically
Important NBFCs.
Terms of Payment In case of Anchor Investors: Full Bid Amount shall be payable by the Anchor Investors at the time of submission of their Bids(4)
In case of all other Bidders: Full Bid Amount shall be blocked by the SCSBs in the bank account of the ASBA Bidder (other than Anchor Investors) or by the Sponsor Bank through the UPI Mechanism, that is specified in the
ASBA Form at the time of submission of the ASBA Form.
Mode of Bid Only through the ASBA process (except for Anchor Investors)
* Assuming full subscription in the Offer.
#
Eligible Employees Bidding in the Employee Reservation Portion can Bid up to a Bid Amount of ₹ 500,000. However, a Bid by an Eligible Employee in the Employee Reservation Portion will be considered for allocation, in the first instance, for a Bid
Amount of up to ₹ 200,000. In the event of under-subscription in the Employee Reservation Portion, the unsubscribed portion will be available for allocation and Allotment, proportionately to all Eligible Employees who have Bid in excess of ₹ 200,000,
subject to the maximum value of Allotment made to such Eligible Employee not exceeding ₹ 500,000. Further, an Eligible Employee Bidding in the Employee Reservation Portion can also Bid in the Net Offer and such Bids will not be treated as multiple
Bids subject to applicable limits. Further, an Eligible Employee Bidding in the Employee Reservation Portion shall be added back to the Net Offer. In case of under-subscription in the Net Offer, spill-over to the extent of such under-subscription shall be
permitted from the Employee Reservation Portion.
(1) Our Company and the Selling Shareholders may, in consultation with the Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations. One-third of the Anchor
Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price Anchor Investor Allocation Price.
(2) Subject to valid Bids being received at or above the Offer Price. This is an Offer in terms of Rule 19(2)(b) of the SCRR and under the SEBI ICDR Regulations.
(3) If the Bid is submitted in joint names, the Bid cum Application Form should contain only the name of the first Bidder whose name should also appear as the first holder of the depository account held in joint names. The signature of only the first Bidder
would be required in the Bid cum Application Form and such first Bidder would be deemed to have signed on behalf of the joint holders.
(4) Full Bid Amount shall be payable by the Anchor Investors at the time of submission of the Anchor Investor Application Forms provided that any difference between the Anchor Investor Allocation Price and the Anchor Investor Offer Price shall be payable
by the Anchor Investor Pay-In Date as indicated in the CAN.
The Bids by FPIs with certain structures as described under “Offer Procedure - Bids by FPIs” on pages 400 of the RHP and having same PAN may be collated and identified as a single Bid in the Bidding process. The Equity Shares Allocated and Allotted
to such successful Bidders (with same PAN) may be proportionately distributed.
Bidders will be required to confirm and will be deemed to have represented to our Company, the Selling Shareholders, the Underwriters, their respective directors, officers, agents, affiliates and representatives that they are eligible under applicable law,
rules, regulations, guidelines and approvals to acquire the Equity Shares.
FOR ELIGIBLE EMPLOYEES Registered Office: F-2/7, Okhla Industrial Area, Phase-I, New Delhi 110 020, India; Tel: 011 4170 6720; Website: www.dil-rjcorp.com;
Corporate Office: Plot No. 18, Sector-35, Gurugram 122 004, Haryana, India; BIDDING IN THE EMPLOYEE
BIDDING UNDER EMPLOYEE Contact Person: Anil Dwivedi, Company Secretary and Compliance Officer; E-mail: companysecretary@dil-rjcorp.com;
RESERVATION PORTION
RESERVATION PORTION
Corporate Identity Number: U15135DL1991PLC046758
Bid cum
TEAR HERE
To, 100% BOOK BUILT OFFER
The Board of Directors Application
DEVYANI INTERNATIONAL LIMITED ISIN : INE872J01023
Form No.
SYNDICATE MEMBER’S STAMP & CODE REGISTERED BROKER / SCSB / CDP / RTA STAMP & CODE 1. NAME & CONTACT DETAILS OF SOLE / FIRST BIDDER
Mr. /Ms.
Address
SUB-BROKER’S / SUB-AGENT’S STAMP & CODE SCSB BRANCH STAMP & CODE
Email
Tel. No. (with STD code) / Mobile
2. PAN OF SOLE / FIRST BIDDER
BANK BRANCH SERIAL NO. SCSB SERIAL NO.
3. BIDDER’S DEPOSITORY ACCOUNT DETAILS NSDL CDSL
For NSDL enter 8 digit DP ID followed by 8 digit Client ID / For CDSL enter 16 digit Client ID
PLEASE CHANGE MY BID
4. FROM (AS PER LAST BID OR REVISION)
Bid No. of Equity Shares Bid Price per Equity Share (`)/ “Cut-off” (Price in multiples of ` 1/- only)
Options (Bids must be in multiples of Bid Lot as advertised) (In Figures Only)
(In Figures) Bid Price Employee Discount, if any Net Price “Cut-off”
8 7 6 5 4 3 2 1 3 2 1 3 2 1 3 2 1 (Please tick)
Option 1
ID
(OR) Option 2 OLD B
(OR) Option 3
5. TO (REVISED BID) (ELIGIBLE EMPLOYEES BIDDERS CAN BID AT “CUT-OFF”)
Bid No. of Equity Shares Bid Price per Equity Share (`)/ “Cut-off” (Price in multiples of ` 1/- only)
Options (Bids must be in multiples of Bid Lot as advertised) (In Figures Only)
(In Figures) Bid Price Employee Discount, if any Net Price “Cut-off”
8 7 6 5 4 3 2 1 3 2 1 3 2 1 3 2 1 (Please tick)
I/WE (ON BEHALF OF JOINT BIDDERS, IF ANY) HEREBY CONFIRM THAT I/WE HAVE READ AND UNDERSTOOD THE TERMS AND CONDITIONS OF THIS REVISION FORM AND THE ATTACHED ABRIDGED
PROSPECTUS AND THE GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC OFFERS (“GID”) AND HEREBY AGREE AND CONFIRM THE ‘BIDDERS UNDERTAKING’ AS GIVEN OVERLEAF. I/
WE (ON BEHALF OF JOINT BIDDERS, IF ANY) HEREBY CONFIRM THAT I/WE HAVE READ THE INSTRUCTIONS FOR FILLING UP THE BID REVISION FORM GIVEN OVERLEAF.
7A. SIGNATURE OF SOLE/ FIRST BIDDER 7B. SIGNATURE OF ASBA BANK ACCOUNT HOLDER(s) SYNDICATE MEMBER / SUB-SYNDICATE MEMBER
(AS PER BANK RECORDS) / REGISTERED BROKER / SCSB / CDP / RTA STAMP
I/We authorise the SCSB to do all acts as are necessary to make the application in the Offer. (Acknowledging upload of Bid in Stock Exchange system)
1)
2)
Date : ________________, 2021 3)
TEAR HERE
DEVYANI INTERNATIONAL LIMITED Acknowledgement Slip for Bid cum
Syndicate Member/Registered Application
INITIAL PUBLIC OFFER - ELIGIBLE EMPLOYEES BIDDING Broker/SCSB/CDP/RTAs/ Form No.
IN THE EMPLOYEE RESERVATION PORTION Sub-Syndicate Member/Agents
PAN of Sole / First Bidder
DPID
/
CLID
Additional Amount Blocked (` in figures) ASBA Bank A/c No. Stamp & Signature of SCSB Branch
Bank Name & Branch
ED BID
REVIS
Received from Mr./Ms./M/s.
Telephone / Mobile Email
Printed by : Orient Press Ltd.
TEAR HERE
Option 1 Option 2 Option 3 Stamp & Signature of Syndicate Member/Registered Name of Sole / First Bidder
REVISION FORM - INITIAL PUBLIC OFFER
DEVYANI INTERNATIONAL LIMITED - BID
Broker/SCSB/CDP/RTAs/Sub-Syndicate Member/Agents
EMPLOYEE RESERVATION PORTION