Mumbai: Jubiliant Foodworks, which operates largest pizza chain Domino’s in domestic market, today fixed the price band for its proposed initial public offering at Rs135-145 per share.

Jubiliant plans to sell 2.2 crore equity shares of Rs10 each for a cash at a price to be exercised through a 100% book-building process. The issue opens on January 18 and closes on January 20.

At the upper end of the price band, Jubiliant plans to raise Rs329 crore through the sharesale. Kotak Mahindra capital is acting as the sole book running lead manger to the issue.

The proceeds will be used to fuel the company’s expansion in domestic and global markets and repay Rs35-crore of debts, Jubiliant CEO, Ajay Kaul told reporters.

Jubiliant plans to open 65-70 standalone stores this year and will employ 25 staff per store. Presently, the company employs 9,460 people. The company, which had opened 33 stores last fiscal, runs 274 stores in India and 5 in Sri Lanka.

Moving ahead, the company plans to enter into foreign markets such as Bangladesh and Nepal, he said.

The company, which enjoys 65% share in the pizza delivery market, is also exploring the possibility of opening outlets through sub-leasing at all major airports.

Atleast 50% of the offer will be allocated on a proportionate basis to qualified institutional buyers. Out of this 30% of QIB portion will be allocated to anchor investoRson a discretionary basis, the company said.

Jubiliant Foodworks was originally incorporated in New Delhi in 1995 under the name Domino’s Pizza India and is promoted by Shyam S Bhartia and Hari S Bhartia.