Bookbuilding IPO | ₹329 Cr | Listed at BSE, NSE | Mon, Jan 18, 2010 - Wed, Jan 20, 2010
Jubilant Foodworks IPO is a book build issue of ₹328.72 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹58.00 crores and offer for sale of 1.87 crore shares aggregating to ₹270.72 crores.
Jubilant Foodworks IPO bidding started from Jan 18, 2010 and ended on Jan 20, 2010. The shares got listed on BSE, NSE on Feb 8, 2010.
Jubilant Foodworks IPO price band is set at ₹145 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,800 (40 shares) (based on upper price). The lot size investment for sNII is 35 lots (1,400 shares), amounting to ₹2,03,000, and for bNII, it is 173 lots (6,920 shares), amounting to ₹10,03,400.
The issue includes a reservation of up to 22,67,044 shares for employees offered at a discount of ₹0.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Jubilant Foodworks IPO RHP for detailed Information.
IPO Open
Mon, Jan 18, 2010
IPO Close
Wed, Jan 20, 2010
Issue Price
₹145 per share
Market Cap (Pre-IPO)
₹922.52 Cr
| IPO Date | 18 to 20 Jan, 2010 |
| Listed on | Mon, Feb 8, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹145 |
| Issue Price | ₹145 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,26,70,452 shares (agg. up to ₹329 Cr) |
| Fresh Issue | 40,00,005 shares (agg. up to ₹58 Cr) |
| Offer for Sale | 1,86,70,447 shares of ₹10 (agg. up to ₹271 Cr) |
| Share Holding Pre Issue | 5,96,21,741 shares |
| Share Holding Post Issue | 6,36,21,741 shares |
| BSE Script Code / NSE Symbol | 533155 / JUBLFOOD |
| ISIN | INE797F01012 |
Jubilant Foodworks IPO comprises a total issue size of 2,26,70,447 shares. The net offer to the public is 2,04,03,403 shares, after excluding 22,67,044 shares under a preferential allotment. Of the Net offer 1,02,01,702 (50.00%) are allocated to QIB, 30,60,510 (15.00%) allocated to NII 71,41,191 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,02,01,702 | 50.00% | 45.00% | NA |
| − Anchor Investor Shares Offered | 30,60,510 | 13.50% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 71,41,192 | 31.50% | NA | |
| NII (HNI) Shares Offered | 30,60,510 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 71,41,191 | 35.00% | 31.50% | 1,78,529 |
| Preferential Reservations | ||||
| Employee Shares Offered | 22,67,044 | 10.00% | NA | |
| Total Shares Offered | 2,26,70,447 | 100.00% | 100.00% | |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹5,800 |
| Retail (Max) | 34 | 1,360 | ₹1,97,200 |
| S-HNI (Min) | 35 | 1,400 | ₹2,03,000 |
| S-HNI (Max) | 172 | 6,880 | ₹9,97,600 |
| B-HNI (Min) | 173 | 6,920 | ₹10,03,400 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1995, Jubilant Foodworks Ltd is a food-service company and currently operates Domino’s pizza stores in India. Jubilant FoodWorks Limited is the master franchisee of Dominos Pizza. According to the India Retail Report, 2009, they are the largest pizza chain in India and one of the fastest growing multi-national fast food chains between 2006-2007 and 2008-2009, in terms of number of stores.
Jubilant Foodworks Ltd is promoted by Mr. Shyam Sunder Bhartia, Mr. Hari Shanker Bhartia and Jubilant Enpro Private Ltd. Company opened first Domino's Pizza store in India in January 1996 at New Delhi. Today Domino's Pizza India has grown into a countrywide network of stores, with a team of over 6,000 people. Dominos Pizza India had a network of 274 stores, in 55 cities, in 20 states and union territories (as on 31st August 2009). They have recently renewed their contract with master franchise controller Dominos International. The new contract is for 15 years, it gives them exclusive rights for operations in India, Nepal, Sri Lanka and Bangladesh. The contract also says that Dominos will open 25 stores in 2011 and 2012.
For fiscal 2009, 2008 and 2007, company's net sales are Rs. 2,806.10 million, Rs. 2,111.57 million and Rs. 1,386.81 million, respectively, and company made a profit after tax of Rs. 67.43 million, Rs. 77.57 million and Rs. 55.80 million, respectively. The number of stores in India has increased from 130 as on March 31, 2007 to 241 stores as of March 31, 2009. Similarly, Domino's sold 8.99 million pizzas (including Add-ons) in fiscal 2007, 15.61 million pizzas (including Add-ons) in fiscal 2008 and 21.74 million pizzas (including Add-ons) in fiscal 2009.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Pre-payment of term loans | 35.00 |
| 2 | Fund expenditure for general corporate purposes | 20.40 |
| KPI | |
|---|---|
| RoNW | 30% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 66.24% | 62.07% |
| Market Cap | ₹922.52 Cr. |
The Jubilant Foodworks IPO is subscribed 31.11 times on January 20, 2010 5:00:00 PM (Day 3). The public issue subscribed 3.79 times in the retail category, 59.39 times in the QIB category, and 51.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 59.39 | 71,41,192 | |
| NII | 51.95 | 30,60,510 | |
| Retail | 3.79 | 71,41,191 | |
| Employee | 0 | 22,67,044 | |
| Total | 31.11 | 1,96,09,937 |
Fitch has assigned an IPO Grade 3 to Jubilant FoodWorks Ltd IPO. This means as per Fitch, company has average fundamentals. Fitch assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Fitch IPO Grading Document for Jubilant FoodWorks Ltd.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Manager including underwriting and selling commission and commission to SCSBs for ASBA Applications | 8.95 |
| 2 | Fees to Registrar to the Offer | 0.05 |
| 3 | Fees to the Legal Advisors | 1.76 |
| 4 | Fees to the Bankers to the Offer | |
| 5 | Other Expenses (Printing and stationary, distribution and postage, advertisement and marketing expense etc.) | 4.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹145.00 | ₹145.00 |
| Open | ₹161.60 | ₹160.00 |
| Low | ₹161.60 | ₹160.00 |
| High | ₹241.95 | ₹240.90 |
| Last Trade | ₹229.00 | ₹229.10 |
Lead Manager Reports
Jubilant Foodworks IPO is a main-board IPO of 2,26,70,452 equity shares of the face value of ₹10 aggregating up to ₹329 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 40.
The IPO opens on Mon, Jan 18, 2010, and closes on Wed, Jan 20, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jubilant Foodworks IPO using UPI as a payment gateway. Zerodha customers can apply in Jubilant Foodworks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jubilant Foodworks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jubilant Foodworks IPO opens on Mon, Jan 18, 2010 and closes on Wed, Jan 20, 2010.
Jubilant Foodworks IPO lot size is 40, and the minimum amount required for application is ₹5,800.
You can apply in Jubilant Foodworks IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jubilant Foodworks IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jubilant Foodworks IPO allotment status.
The Jubilant Foodworks IPO listing date is on Mon, Feb 8, 2010.
