KFC operator makes strong market debut; four stocks list on the same day

The four IPOs cumulatively generated bids worth Rs 1.7 trillion and attracted over 10 million retail applications

Wealthy investors who put in money in the recent initial public offering (IPO) of Devyani International would have made some gains after the leading franchisee for KFC, Pizza Hut and Costa Coffee in India made a strong debut at the bourses on Monday. Exxaro Tiles, too, provided some positive returns upon listing but high net-worth individuals (HNIs) lost money in Krsnaa Diagnostics and Windlas Biotech.
 
The Devyani stock listed at Rs 141 — a 56 per cent premium to the issue price of Rs 90. But it could not hold on to the sharp gains because of profit booking