Coffee Day Enterprises (CCD) listed on the NSE ₹11 lower than its issue price of ₹328 a share and ₹15 lower on the BSE at ₹313.
The scrip made an intraday high of ₹318 on the BSE and ₹317 on the NSE, a low of ₹266 on the BSE and ₹266.3 on the NSE before closing at ₹270.45 on the NSE and at ₹270.15 on the BSE.
Over 1.83 crore shares were traded on the NSE with a delivery percentage of 24.74. On the BSE, the scrip traded over 37.99 lakh shares with a delivery percentage of 26.30.
The ₹1,150-crore IPO opened for subscription on October 14 and closed on October 16 (including anchor portion of over 1.03 crore shares) in a price band of ₹316-328 a share. The public issue was subscribed nearly 1.8 times due to strong participation from qualified institutional buyers.
Post-IPO, promoter holding in the company has decreased to 52.56 per cent. Foreign investors — foreign institutional investors, foreign venture capital investors and foreign portfolio investment corporations — hold 11.83 per cent stake in the company, according to the shareholding pattern available with the BSE. About 1.1 lakh retail investors entered the company through the IPO, owning 6.43 per cent stake.
Domestic institutions control 3.9 per cent stake in the company. Significantly, investors classified as “others” have 21.48 per cent stake in the company. The firm had mobilised ₹100 crore in a pre-IPO funding from Nandan Nilekani and Rare Enterprises (owned by Rakesh Jhunjhunwala), among others.
MindTree tumbles Meanwhile, MindTree, in which the owners of Café Coffee Day hold 10.41 per cent stake, tumbled 4.3 per cent at ₹1,500.70 on the BSE.
After Coffee Day, market participants are keenly watching the listing of another big ticket IPO of InterGlobe Aviation, parent company of IndiGo Airlines. The company last week raised ₹3,020 crore — the biggest public issue in almost three years. Similarly, SH Kelkar & Company, which received an astounding response of 27 times to its IPO will also attract attention of market watchers.