MUMBAI: Jubliant Food works has debuted on the BSE at Rs 188. Its IPO (initial public offer) was priced at Rs 145 per share. 

Anchor investors

30.6 lakh shares allotted to anchor investors at Rs 145 per share
Blackrock, Capital World, Reliance Cap, Fidelity, Franklin Templeton
HSBC, Prudential, SBI MF, T Row Price and Ward Ferry among them

 
Issue Price: Rs 145/shr
Grey market premium: Rs 25-30/shr
Total size of equity post listing: 5.9cr shrs
Total market cap post listing seen at Rs 1060cr
Trades at 22x FY 11 est EPS if listing price of Rs 175/shr
Analyst estimates of earnings growth range from 30-45% (FY09-FY12)

Ravi Gupta, Senior VP, Finance, Jubilant Foodworks while speaking on growth  said, "This year the company will be growing 48-50%. Going forward we will maintain momentum and going by the number of stores 2 years back we opened 52 stores, last year opened 60 stores. This year we will open 65 stores, so the momentum of opening stores going to be there. Same store growth for last 5 yeas 17% and even YTD to December close to 17%.

Speaking on market share, Ravi Gupta said, "Out of the total 58000 cr food services business, pizza and pasta is 1100 cr. Our share is close to 46% this year and going forward as growing at robust pace and we will strengthen out position. In the delivery segment, we have market share of 65% so we are market leader in delivery and pizza segment.

Speaking on debt, Ravi Gupta said, "We believe that debt by end of this year will be minimal. Debt as of December was 70 cr, objective of IPO to repay 35cr debt from IPO proceeds. As of now is debt 35 cr. As internal generation is robust I believe debt will be normal next year, Interest cost will be nominal and whole of expansion next year will be thru internal accruals.