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Jubilant Foodworks surges 37% after listing
Jubilant FoodWorks, which runs Dominos operations in India, has seen tremendous response from investors on the listing. It has listed at Rs 161.60 and tested an intraday high of Rs 198.50, a premium of 36.9% over its issue price of Rs 145.
Jubilant FoodWorks , which runs Dominos operations in India, has seen tremendous response from investors on the listing. It has listed at Rs 161.60 and tested an intraday high of Rs 198.50, a premium of 36.9% over its issue price of Rs 145 on the BSE.
At 9:10 hours IST, it was trading at Rs 192.55, up 32.79%. The volume was at 42,20,853 shares.
On the NSE, the share opened at Rs 160 and touched a day's high of Rs 198. It was trading at Rs 191.4, up 32%. It traded with volumes of 97,10,871 shares and has seen a turnover of Rs 184 crore.
The initial public offering (IPO) of 22,670,447 equity shares was opened during January 18-20, 2010. The company has raised Rs 328.72 crore from this issue, which was subscribed 31.11 times, as per data available on the NSE website. The price band for the issue was at Rs 135-145.
The offer was comprised a fresh issue of 4,000,000 equity shares and an offer for sale of 18,670,447 equity shares by the India Private Equity Fund (Mauritius) and Indocean Pizza Holding Limited.
