Jubilant Foodworks made a positive debut on the stock exchanges on Monday after its issue was heavily subscribed by the investors.

Jubilant has the franchise to runs the Domino's Pizza food chain in the county. Its shares opened at a 10 per cent premium over the issue price, at Rs 160.

On the NSE, the shares were trading at Rs 195 at 09.30 am which is about 35% higher than the issue price of Rs 145. Jubilant's shares on the Bombay Stock Exchange rose to Rs 198 after opening at Rs 161.60.

The company raised about Rs 328 crore from the initial public offering that consisted of 2,26,70,477 fully paid up equity shares. The IPO was over subscribed 31 times.

The company CEO Ajay Kaul said the profit after tax for the company in the third quarter was 9.7% and he expects a margin of over 10%, in the forth quarter.

The company has signed an agreement with Domino's which gives it exclusive rights to sell under the brand for a period of 25 years.