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Message posted by:- ganga ( ganga.techyolk@gmail.com ) On:-9-Apr-2010-at-15:50:22
Jubilant FoodWorks made a stellar debut on the bourses today as the stock gets listed at Rs 160, with a premium of 10 per cent over its issue price on the NSE and notched up further gains. The shares of the company closed at Rs 229, higher by 58 per cent or Rs 84 against its issue price of Rs 145. The stock hit a high of Rs 241.95 in trade. While, in NSE, the share closed at Rs 240.60, at a 65.93% premium over its issue price of Rs 145 on the NSE. It touched an intraday high of Rs 240.90 and low of Rs 160. Jubilant FoodWorks, which runs the Dominos Pizza chain in India, listed over 6.36 crore shares on the bourses at an issue price of Rs 145 a piece, the upper end of the price band. The company has raised Rs 328.72 crore from the IPO of 22,670,447 equity shares. The issue was oversubscribed 31.11 times. The price band for the issue was at Rs 135-145. The IPO of the fast-food chain had attracted bids over 31 times the shares on offer. While the institutional investors subscribed 9.89 times the shares on offer, retail investors took only 24 per cent of their allotment.