Jubilant FoodWorks on Friday announced a price band of Rs 135 to Rs 145 per equity share for its initial public offer (IPO). The price would be decided through a 100 per cent book building process. The offer opens on January 18 and closes on January 20.
“We expect to garner around Rs 328.72 crore at the upper end of the price band and Rs 306.05 crore at the lower end,” said Ajay Kaul, chief executive officer, Jubilant FoodWorks Ltd.
The company is offering 2.26 million equity shares in its IPO.
Jubilant FoodWorks is the owner of Domino’s brand of Pizza in the country. Recently, the corporate name of Domino’s Pizza India Ltd was changed to Jubilant FoodWorks but it continues to market pizza under the brand name Domino’s.
Kotak Mahindra Capital Company Ltd is acting as the sole book running lead manager for the offer.
Post-IPO, the promoters’ stake in the company would be around 61 per cent while 35.6 per cent would rest with retail investors. The remainder is expected to rest with employees and ex-employees.