Shares of Coffee Day Enterprises, operator of India's biggest coffee chain, opened at Rs 317, below its initial public offering price of Rs 328 on its market debut on Monday.
Coffee Day, which runs the Cafe Coffee Day chain, had raised Rs 1,150 crore ($175.75 million) in the country’s second biggest IPO this year after Interglobe Aviation, parent company of the IndiGo airline. ($1 = 65.4350 Indian rupees)