Comments
Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) outlets, will list its shares on stock exchanges tomorrow.
“...effective from Monday, November 2, 2015, the equity shares (20,60,01,719) of Coffee Day Enterprises shall be listed and admitted to dealings on the exchange in the list of ‘B’ Group of securities,” the BSE said in a circular.
The equity shares will also be listed on the National Stock Exchange (NSE), as per a separate notification.
The company’s ₹1,150-crore initial public offering (IPO) was the biggest in nearly three years when it hit the market, but now it has been overtaken by Indigo’s ₹3,018 crore IPO.
Coffee Day Enterprises had fixed the issue price at ₹328 per share for investors.
The IPO, which was opened for subscription during October 14-16, was subscribed 1.64 times at price band of ₹316-328 a share.
The company competes with global giant Starbucks in the fast-growing Indian consumer market.
Coffee Day Enterprises had raised over ₹334 crore from anchor investors ahead of the IPO, while in March, the firm had mobilised ₹100 crore in a pre-IPO funding from Nandan Nilekani and Rare Enterprises (owned by Rakesh Jhunjhunwala 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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.