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 objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Pre-payment of loans;
2. General corporate purposes; and
3. Achieve the benefits of listing on the Stock Exchanges.
»» Issue Open: Jan 18, 2010 - Jan 20, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 22,670,447 Equity Shares of Rs. 10
»» Issue Size: Rs. 328.72 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 135 - Rs. 145 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE
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.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||7,141,192||3,060,510||7,141,191||2,267,044||19,609,937|
|Day 1 - Jan 18, 2010 17:00 IST||0.3535||0.0006||0.0269||0.0000||0.1400|
|Day 2 - Jan 19, 2010 17:00 IST||9.8927||2.2565||0.2403||0.0000||4.0400|
|Day 3 - Jan 20, 2010 17:00 IST||59.3882||51.9517||3.7854||0.0025||31.1100|
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