NEWS| Jubilant Foodworks to raise up to Rs 300 cr via IPO

Jubilant Foodworks, which runs the Indian franchise for global fast food chain Domino's Pizza,

today filed an application with market regulator Sebi for an initial public offering (IPO) to raise up to Rs 300 crore.



The company would offer more than 2.27 crore shares having a face value of Rs 10 each through the IPO, according to the Draft Red Herring Prospectus (DRHP) filed by it.

Jubilant Foodworks would be using Rs 35 crore of the IPO proceeds to pay for loan facilities from the Central Bank of India and the Axis Bank.

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