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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 ₹145.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,400 (40 shares). 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 Date | January 18, 2010 to January 20, 2010 |
| Listing Date | February 8, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹145 per share |
| Issue Price Final | ₹145 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,26,70,452 shares (aggregating up to ₹328.72 Cr) |
| Fresh Issue | 40,00,005 shares (aggregating up to ₹58.00 Cr) |
| Offer for Sale | 1,86,70,447 shares of ₹10 (aggregating up to ₹270.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,96,21,741 shares |
| Share Holding Post Issue | 6,36,21,741 shares |
Jubilant Foodworks IPO offers total 2,26,70,447 shares. Out of which 1,02,01,702 (45.00%) allocated to QIB, 71,41,192 (31.50%) allocated to QIB, 30,60,510 (13.50%) allocated to NII, 71,41,191 (31.50%) allocated to RII and 30,60,510 (13.50%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,02,01,702 (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 (13.50%) | NA |
| Retail Shares Offered | 71,41,191 (31.50%) | 1,78,529 |
| Employee Shares Offered | 22,67,044 (10.00%) | NA |
| Total Shares Offered | 2,26,70,447 (100.00%) |
| 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 |
Jubilant Foodworks IPO opens on January 18, 2010, and closes on January 20, 2010.
| IPO Open Date | Mon, Jan 18, 2010 |
| IPO Close Date | Wed, Jan 20, 2010 |
| Tentative Listing Date | Mon, Feb 8, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 20, 2010 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
The Company Jubilant Foodworks IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Pre-payment of term loans | 350.00 |
| 2 | Fund expenditure for general corporate purposes | 203.95 |
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.
| Listing Date | February 8, 2010 |
| BSE Script Code | 533155 |
| NSE Symbol | JUBLFOOD |
| ISIN | INE797F01012 |
| Final Issue Price | ₹145 per share |
| BSE Listing Group | B |
Jubilant Foodworks Ltd.
Chamber No. 1517,
15th Floor, Devika Towers,
6, Nehru Place, New Delhi - 110019
Delhi, New Delhi
Phone: +(91 11) 3082 3208
Email: investor@dominosin.com
Website: http://www.dominos.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: dominos.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Jubilant Foodworks IPO is a main-board IPO of 2,26,70,452 equity shares of the face value of ₹10 aggregating up to ₹328.72 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 40.
The IPO opens on January 18, 2010, and closes on January 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 January 18, 2010 and closes on January 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 Monday, February 8, 2010.
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