Credit Rating Agency Fitch has assigned an IPO Grade 3 of a maximum of IPO Grade 5, to the proposed IPO of Jubilant FoodWorks Limited (JFL). The grade indicates the Average Fundamentals of the issue relative to other listed equity securities in India.
The IPO consists of a Fresh Issue of 4,000,000 Equity Shares by the issuer and an offer for sale of 18,670,447 Equity Shares by the India Private Equity Fund (Mauritius) and Indocean Pizza Holding Limited. The offer comprises a net offer to the public of 20,403,403 equity shares and a reservation of 2,267,044 equity shares for subscription by eligible employees, at the offer price
The IPO will remain open for subscription from Monday, January 18, 2010 and Wednesday, January 20, 2010
