New Delhi: The initial public offer of Jubilant Foodworks that runs the fastfood retail chain under the Dominos pizza brand in India will open for subscription from tomorrow.

The price band of the initial public offer (IPO), through which the company expects to raise up to Rs329 crore, has been fixed between Rs135 to Rs145 per equity.

The issue closes on 20 January.

Jubilant Foodworks is hitting the capital market with an issue size of 2.26 crore equity shares of Rs10 each. At the upper end of price band, the offer is valued worth Rs328.72 crore.

“Jubilant Foodworks IPO would be an interesting case to watch as it represents the growing fastfood business in India,” said Sudeep Bandyopadhyay, Group president, Finance, Spice Group.

The company has already roped in several anchor investors that includes Reliance MF, SBI MF, Blackrock, Canara Robeco MF and Fidelity for a total investment of Rs44.3 crore under its pre-IPO placement.

“Retail investors will look at rightly priced IPOs. The credibility of the promoter group and the pricing of the issue are the two most critical factors,” Bandyopadhyay added.

Kotak Mahindra Capital Company is acting as the sole book running lead manager to the offer.

The IPO comprises a fresh issue of 40 lakh equity shares and an offer for sale of 1.86 crore shares by India Pvt Equity Fund (Mauritius) and Indocean Pizza Holding.