The initial public offer (IPO) of Jubilant Foodworks that runs the fastfood retail chain under the Dominos pizza brand in India will open for subscription from tomorrow.
The price band of the IPO, through which the company expects to raise up to Rs 329 crore, has been fixed between Rs 135 to Rs 145 per equity.
The issue closes on January 20.
Jubilant Foodworks is hitting the capital market with an issue size of 2.26 crore equity shares of Rs 10 each. At the upper end of price band, the offer is valued worth Rs 328.72 crore.
"Jubilant Foodworks IPO would be an interesting case to watch as it represents the growing fastfood business in India," said Sudeep Bandyopadhyay, group president (finance), Spice Group.
The company has already roped in several anchor investors that includes Reliance MF, SBI MF, Blackrock, Canara Robeco MF and Fidelity for a total investment of Rs 44.3 crore under its pre-IPO placement.
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"Retail investors will look at rightly priced IPOs. The credibility of the promoter group and the pricing of the issue are the two most critical factors," Bandyopadhyay added.
Kotak Mahindra Capital Company is acting as the sole book running lead manager to the offer.
The IPO comprises a fresh issue of 40 lakh equity shares and an offer for sale of 1.86 crore shares by India Pvt Equity Fund (Mauritius) and Indocean Pizza Holding.