Jubilant Foodworks IPO to hit markets on January 18, 2010

The Initial Public Offering (IPO) of Jubilant Foodworks Ltd will hit markets on Monday - January 18, 2010. The company is coming out with IPO of 22,670,447 Equity Shares of Rs 10 each for cash at a price band of Rs. 135 - Rs. 145 Per Equity Share through 100% book building process.

The Minimum Bid Size is 40 Equity Shares. The Issue Size is between Rs Rs. 306.05 - 328.72 Crore. The Face Value is Rs. 10 Per Equity share.

The company plans for Listing At National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The Maximum Subscription Amount for Retail Investor is Rs.1,00,000.

Incorporated in 1995, Jubilant Foodworks Ltd is a food-service company and currently operates Domino's pizza stores in India. Jubilant FoodWorks Limited is the master franchisee of Dominos Pizza.

Fitch has assigned a grade of '3 (ind)' out of a maximum of '5 (ind)' to the proposed IPO of Jubilant FoodWorks Limited (JFL). The grade indicates the average fundamentals of the issue relative to other listed equity securities in India.

Source : Equity Bulls

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