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Friday, February 05, 2010

Jubilant FoodWorks to list on February 8

Jubilant FoodWorks, the Domino's business operator in India, will list its equity shares on the exchanges on February 8, 2010. The company has fixed the issue price at Rs 145, at higher end of the price band of Rs 135-145.

The initial public offering (IPO) of 22,670,447 equity shares was opened during January 18-20, 2010. The company has raised Rs 328.72 crore from this issue, which was subscribed 31.11 times, as per data available on the NSE website.

Qualified institutional investors' reserved portion subscribed 59.39 times followed by non-institutional investors with 51.95 times and retail 3.78 times.

The company had received commitment of Rs 44.37 crore from anchor investors, which include Arisaig Partners, Blackrock, Canara Robeco MF, Capital World, Fidelity, Franklin Templeton, HSBC, Prudential, Reliance MF, SBI MF, T Rowe Price and Ward Ferry.

Kotak Mahindra Capital Company Limited was acting as the sole book running lead manager to the offer. The offer was comprised a fresh issue of 4,000,000 equity shares and an offer for sale of 18,670,447 equity shares by the India Private Equity Fund (Mauritius) and Indocean Pizza Holding Limited.


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