Jubilant Foodworks to list on February 8, 2010

Jubilant FoodWorks Limited (JFL), a leading food service company and Master Franchisee of Domino's International* concluded its IPO successfully pricing it at Rs 145 per share making it the first food service company listed in India.

The IPO oversubscribed over 31 times and witnessed demand from high quality investors – all investor categories of the IPO were oversubscribed.

The company will be listing in both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday - 8 February 2010.

The company has a market capitalization of about Rs. 9225.2 million at issue price. The Funds raised by Company to be utilized for repayment of debt and other corporate initiatives.

The IPO received strong endorsement from anchor investors including Arisaig Partners, Blackrock, Canara Robeco MF, Capital World, Fidelity, Franklin Templeton, HSBC, Prudential, Reliance MF, SBI MF, T Rowe Price and Ward Ferry.

* Domino's International refers to Domino's Pizza Overseas Franchising B.V., Netherlands

Source : Equity Bulls

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