Jubilant FoodWorks IPO subscribed 30.86 times

The Initial Public Offering (IPO) of Jubilant FoodWorks Ltd. received a strong response as it got subscribed 30.86 times as per latest information available with the stock exchanges. The total QIB portion was subscribed 59.38 times while the HNI was subscribed 51.81 times. The retail portion also received an overwhelming response as the segment was subscribed 3.71 times. Kotak Mahindra Capital Co. Ltd. was the sole book running lead manager to the IPO. Jubilant FoodWorks had entered the capital markets with its IPO of 22,670,447 equity shares with a price band of Rs135 to Rs145 a share. The offer comprised a fresh issue of 4,000,000 shares and an offer for sale of 18,670,447 shares by the India Private Equity Fund (Mauritius) and Indocean Pizza Holding Ltd.