Jubilant FoodWorks IPO gets IPO Grade 3 from Fitch
Credit Rating Agency Fitch has assigned an IPO Grade 3 out of 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
