Jubilant Food sizzles on IPO listing

Jubilant FoodWorks Limited (JFL), a master franchisee of pizza major Domino’s International, listed at a 11.4 per cent premium at Rs 161.60 on the Bombay Stock Exchange (BSE) on Monday after touching a dizzying intra-day high of Rs 242, as much as 57 per cent above its issue price of Rs. 145.

Jubilant FoodWorks Limited (JFL), a master franchisee of pizza major Domino’s International, listed at a 11.4 per cent premium at Rs 161.60 on the Bombay Stock Exchange (BSE) on Monday after touching a dizzying intra-day high of Rs 242, as much as 57 per cent above its issue price of Rs. 145.

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It closed at Rs 229.

The company also said today that it plans to expand both in India and abroad.

“We will continue to open new stores in India. Plans are also afoot to open new stores in Bangladesh and Sri Lanka in the coming days,” said Shyam S Bhartia, chairman and managing director of Jubilant Organosys. The company aims to expand the pizza market by opening new stores, he said.