Jubilant Foodworks Limited has received overwhelming response to its IPO on the last day. The issue was oversubscribed as much as 31 times.
| Category | No of shares Offered | No of shares Subscribed | Times Subscribed |
| QIB’s | 7141192 | 424102640 | 59.3882 |
| Non Institutional Investors | 3066510 | 158998800 | 51.9517 |
| Retail | 7141191 | 27032560 | 3.7854 |
| Employees | 2267044 | 5720 | 0.0025 |
| TOTAL | 19609937 | 610139720 | 31.11 |
The retail investors should make money on listing simply because of the leveraged investor in the non institutional category. His cost of investment in this category because of oversubscription of almost 52 times will be Rs 29.50 per share. This should give an exit to retail investors on day one.
A point to be noted is that though the issue has received excellent response from all quarters, the employees of the company have hardly subscribed – probably they know more than all of us.
