Jubilant FoodWorks IPO subscribed 30.7 times
The second initial public offering (IPO) of the year 2010, of Jubilant FoodWorks, the Domino's business operator in India, has been received tremendous response from investors, especially from qualified institutional investors. The issue has been subscribed 30.68 times so far, as per data available on the NSE website.
Till January 19, qualified institutional investors' reserved portion subscribed 9.9 times followed by non-institutional investors with 2.2 times and retail 0.24 times.
The IPO of 22,670,447 equity shares closes for subscription today. The company is going to raise upto Rs 328.72 crore at upper end of the price band of Rs 135-145 per share.
The company has 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 is acting as the sole book running lead manager to the offer. The offer comprises 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.
The equity shares offered through the Red Herring Prospectus (RHP) are proposed to be listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.
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