Jubiliant Foodworks fixes IPO band

MUMBAI: Jubiliant Foodworks, which operates pizza chain Domino’s in the domestic market, has fixed the price band for its proposed initial public offering at Rs 135-145 per share. Jubiliant plans to sell 2.2 crore equity shares of Rs 10 each for a cash price to be exercised through a 100% bookbuilding process.

The issue opens on January 18 and closes on January 20. At the upper end of the price band, Jubiliant plans to raise Rs 329 crore through the share sale. Kotak Mahindra Capital is acting as the sole book running lead manger to the issue.