Jubilant Foodworks IPO
Jubilant Foodworks IPO — date, price band, lot size & details 2010
Jubilant Foodworks listed on 8 Feb 2010 at ₹160, 10.3% above the ₹145 issue price.
Jubilant FoodWorks runs Domino's Pizza stores in India as master franchisee and was the largest pizza chain in India by number of stores. Its total income was Rs 280.78 crore in FY2009.
Stock price
Jubilant Foodworks is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 18 Jan 2010
- Close 20 Jan 2010
- Allotment 29 Jan 2010
- Refund/credit TBA
- Listing 08 Feb 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 20 Jan, 2010 |
|---|---|
| Price Band | ₹135 – ₹145 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹328.72 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 40 shares at the ₹145 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income doubled from Rs 138.74 crore in FY2007 to Rs 280.78 crore in FY2009.
- 02It operated 286 stores in India as of 30 November 2009.
- 03It held over 65% of the organised pizza home delivery market, according to the Food Franchising Report 2009.
- 04Profit after tax was Rs 12.10 crore in the six months to 30 September 2009, above the full FY2009 figure of Rs 6.74 crore.
- 05Net worth rose from Rs 8.32 crore in FY2007 to Rs 34.97 crore on 30 September 2009.
Risks · 5
- 01Total borrowing was Rs 83.64 crore on 30 September 2009, more than its net worth of Rs 34.97 crore.
- 02Profit after tax dipped from Rs 7.76 crore in FY2008 to Rs 6.74 crore in FY2009.
- 03The business depends on its master franchise agreement for Domino's, which covers all 286 stores.
- 04Rs 270.72 crore of the Rs 328.72 crore issue went to the selling investors.
- 05Promoter holding was 66.24% before the issue and 62.07% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Jubilant Foodworks offer document.
| Metric | 30 Sep 2009 | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|---|
| Total Income | 182.80 | 280.78 | 211.34 | 138.74 |
| Profit After Tax | 12.10 | 6.74 | 7.76 | 5.58 |
| NET Worth | 34.97 | 22.82 | 16.08 | 8.32 |
| Reserves and Surplus | 39.50 | 39.06 | 39.06 | 39.06 |
| Total Borrowing | 83.64 | 82.45 | - | 36.04 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Jubilant Foodworks RHP.
Where the money goes
₹55.40 Cr of the issue is earmarked to named objects.
Jubilant Foodworks IPO Anchor Investors
17 anchor investors across 11 fund houses committed ₹44.39 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It operates Domino's pizza stores in India and, through a sub franchisee, in Sri Lanka. According to the India Retail Report 2009 quoted in its RHP, it was the largest pizza chain in India, and the Food Franchising Report 2009 put its share of the organised pizza home delivery market at over 65%.
As of 30 November 2009 it operated 286 stores in India across 59 cities, plus five stores in Sri Lanka through DP Lanka. It opened its first Domino's store in New Delhi in January 1996.
The IPO was Rs 328.72 crore, with Rs 58.00 crore of fresh issue and Rs 270.72 crore of offer for sale by India Private Equity Fund and Indocean Pizza Holding. The fresh money was mainly for prepaying term loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Jubilant Foodworks IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Jubilant Foodworks?
The current Grey Market Premium is ₹0.
What is the Jubilant Foodworks IPO price band?
₹135 to ₹145, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 January 2010, with listing on 8 February 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
