Jubilant FoodWorks, which runs Domino's Pizza chain in India, got listed on Monday with a premium of 11.44 per cent at Rs 161.60 on the Bombay Stock Exchange (BSE).
The scrip opened at Rs 161.60 and scaled a high of Rs 198.50, up 37 per cent over its issue price on the BSE. The company listed 6.36 crore shares on the bourses at an issue price of Rs 145, the upper end of the band.
On the National Stock Exchange (NSE), the scrip got listed with a gain of 10.34 per cent at Rs 160, zooming higher to Rs 198 during morning trade.
The positive listing assumes significance as the broader market was trading weak with the BSE barometer Sensex down 95 points at 15,820.40.
In early morning trade, a total of 1.45 crore shares of Jubilant FoodWorks changed hands on both the bourses.
The fast-food chain had risen about Rs 329 crore through an initial public offer (IPO) last month, which attracted bids over 31 times the shares on offer.
While institutional investors subscribed 9.89 times the shares on offer, retail investors took only 24 per cent of their allotment.
Source : http://profit.ndtv.com/2010/02/08103714/Jubilant-FoodWorks-lists-with.html
The scrip opened at Rs 161.60 and scaled a high of Rs 198.50, up 37 per cent over its issue price on the BSE. The company listed 6.36 crore shares on the bourses at an issue price of Rs 145, the upper end of the band.
On the National Stock Exchange (NSE), the scrip got listed with a gain of 10.34 per cent at Rs 160, zooming higher to Rs 198 during morning trade.
The positive listing assumes significance as the broader market was trading weak with the BSE barometer Sensex down 95 points at 15,820.40.
In early morning trade, a total of 1.45 crore shares of Jubilant FoodWorks changed hands on both the bourses.
The fast-food chain had risen about Rs 329 crore through an initial public offer (IPO) last month, which attracted bids over 31 times the shares on offer.
While institutional investors subscribed 9.89 times the shares on offer, retail investors took only 24 per cent of their allotment.
Source : http://profit.ndtv.com/2010/02/08103714/Jubilant-FoodWorks-lists-with.html
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