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Oct, 08 2015

Cafe Coffee Day IPO confirmed for 14th October

Under its flagship format of Café Coffee Day, CDEL operates 1,423 outlets across 209 cities in India and 16 international outlets across Austria, the Czech Republic and Malaysia.

Coffee Day Enterprises Ltd (CDEL), the holding company of the Cafe Coffee Day (CCD) chain will launch its Rs 1,150-crore IPO on 14 October.

The group has fixed a price band of INR 316-328 for the issuance.

Kotak Mahindra Capital, Morgan Stanley India, Citigroup Global Markets India, Axis Capital, Yes Bank and Edelweiss Financial Services are managing the IPO.

Private equity firms KKR India Advisors, New Silk Route PE Asia and Standard Chartered Private Equity invested USD 149.07 million in the holding company in February 2010, according to VCCEdge, which tracks investments. The draft papers filed with Sebi listed KKR with a 3.43% stake in CDEL.

CDEL owns Coffee Day Global Ltd (formerly known as Amalgamated Bean Coffee Trading Co. Ltd), the company that runs the cafe chain.

The firm plans to use the IPO proceeds to set up new outlets and kiosks, refurbish existing outlets, manufacture and assemble vending machines and set up a new coffee roasting plant, along with a coffee and tea-packing facility.

Under its flagship format of Café Coffee Day, CDEL operates 1,423 outlets across 209 cities in India and 16 international outlets across Austria, the Czech Republic and Malaysia.  

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