Domino’s Pizza India has filed a Draft Red Herring Prospectus (DRHP) with SEBI seeking its apporval for an IPO listing in 2010.
Domino’s filed the DRHP on Monday, October 12, which will allow it to issue 2.25 crore shares. PE partner JP Morgan own approximately 1.85 crore share of the allotment amount.
“If everything goes fine, we should be able to hit the market early next year,” said Ajay Kaul, CEO, Domino’s Pizza India.
The fast food company is issuing about 40 lakh fresh shares while the remaining is being sold to the public as JP Morgan intends to exit its investment. Kaul declined to comment on the possible share price but said some of the proceeds will be used to retire some existing debt and also fund its expansion plans.
