Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 15 2015

Coffee Day Enterprise IPO subscribed 13 per cent on 1st Day

The company, which competes with global giant Starbucks in the fast-growing Indian consumer market, has fixed a price band of Rs 316-328 per share for its IPO.

The Rs 1,150-crore initial public offering of Coffee Day Enterprises, that owns Cafe Coffee Day (CCD) cafes, was subscribed 13 per cent on the first day of issue tiday.

The IPO of Coffee Day Enterprises received bids for 34,24,275 shares against the total issue size of 2,58,14,198 shares on offer, receiving 13 per cent subscription, data available with the NSE till 1700 hours showed, reported PTI.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 17 per cent, while the category for non-institutional investors saw 3 per cent subscription, as per BSE data.

Retail investors pie was subscribed 16 per cent.

Coffee Day Enterprises has raised over Rs 334 crore from anchor investors.

The café chain is also planning to mop up Rs 1,150 crore through the IPO, which would be the biggest in the country in nearly three years.

The company, which competes with global giant Starbucks in the fast-growing Indian consumer market, has fixed a price band of Rs 316-328 per share for its IPO.

The share sale would close on October 16.

Kotak Investment Banking, Citigroup, Morgan Stanley, Axis Capital, Edelweiss and Yes Bank are handling the IPO of Coffee Day Enterprises, whose shareholders include private equity giants KKR and New Silk Route.

VG Siddhartha, the main promoter as well as chairman and managing director, holds 54.78 per cent stake in Coffee Day.

The overall shareholding of promoters is 92.74 per cent.

In March, Coffee Day raised Rs 100 crore in a pre-IPO funding from Nandan Nilekani and Rare Enterprises (owned by Rakesh Jhunujunwala and Ramesh Damani), among others.

Coffee Day Enterprises is the parent company of Coffee Day Group and operates coffee business through a subsidiary, Coffee Day Global Ltd (earlier known as Amalgamated Bean Coffee Trading Company Limited) and its subsidiaries.

Comment
Related opportunities
  • Beauty Salons
    About Us: Instyle salon is a premium unisex salon based at..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • CAD/CAM/CAE & Multimedia
    About Us: CogniznR is a venture of Rudrabhishek Infosystem Pvt. Ltd...
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • Womens Wear
    About: Asha Gautam is an established designer label by renowned designers-..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Competitive Exam Coaching Institute
    OASIS EDUCATIONAL SERVICES – now a pioneer in the arena..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities