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Café Coffee Day to Launch India’s Biggest IPO in 3 Years Details

Cafe Coffee Day IPO Details
Written by Team Maffat

Café Coffee Day or fondly known as CCD will launch its IPO – Initial Public Offering in next week of October 2015, that is on 14 o 16 October 2015. India’s biggest Coffee Chain, Café Coffee Day is operated by Coffee Day Enterprises Ltd. Café Coffee Day IPO will be India’s biggest IPO in last 3 years.

India has seen fewer IPOs in the last few years because of instable markets and slowing economic growth, and the response of foreign and local investors to this offering will be a test of appetite for new issues in the current unsettled climate. Coffee Day Enterprises Ltd is backed by private equity firm KKR & Co. It will launch its share sale on Oct. 14 2015, according to its IPO prospectus seen on Tuesday.

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Café Coffee Day IPO Details:

Issue Opening on:

Oct 14, 2015 – Oct 16, 2015

Issue Price:

Rs. 316 – Rs. 328 Per Equity Share

Issue Type:

100% Book Built Issue IPO

Issue Size:

Rs. 1,150.00 Crore

Face Value:

Rs. 10 Per Equity Share

Listing At:

BSE, NSE

The indicative price band for the offering has been set at between Rs 316-328 per share. The company said in its prospectus it wants to raise up to Rs 1,150 crore but has not said how many shares will be up for sale.

Cafe Coffee Day’s share sale is scheduled to close on Friday next week and the stock is due to start trading in Mumbai on 2 November 2015. Morgan Stanley, Citigroup Inc, and Kotak Investment Banking, Axis Capital, Edelweiss and Yes Bank are managers for the Coffee Day offering, the IPO prospectus showed.

Coffee Day Enterprises Ltd Company Promoters:

V.G. Siddhartha is the Promoter of the company. Promoter currently hold 63,945,904 Equity Shares, equivalent to 54.78% of the pre-Issue issued. Promoter will continue to hold a majority of the post-Issue paid-up share capital of the Company.



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