Jubilant Foodworks Ltd IPO : Sets Price Band

by khalid on 15/01/2010 · 0 comments

Jubilant Foodworks Ltd is a food-service company and currently operates Domino’s pizza stores in India. According to the India Retail Report, 2009, they are the largest pizza chain in India and one of the fastest growing multi-national fast food chains between 2006-2007 and 2008-2009, in terms of number of stores. The company informed the market that it has set the price band of the proposed IPO as Rs 135 at lower end and Rs 145 at upper end.

Fast-food chain Jubilant Foodworks is planning to raise Rs 329 crores through IPO. The IPO will be open for subscription from 18 January 2010 to 20 January 2010. The issue will be a 100 per cent book-building IPO and for 22670447 equity shares of Rs 10 each.

The object of the Issue is to achieve the benefits of listing on the Stock Exchanges and the proceeds of the IPO would be used for prepayment of loans and general corporate purposes.

The IPO will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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