Coffee Day to list shares on stock exchanges Monday

Coffee Day to list shares on stock exchanges Monday

New Delhi: Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) outlets, will list its shares on stock exchanges Monday.

“…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 Rs 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 Rs 3,018 crore IPO.

Coffee Day Enterprises had fixed the issue price at Rs 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 Rs 316-328 a share.

The company competes with global giant Starbucks in the fast-growing Indian consumer market.

Coffee Day Enterprises had raised over Rs 334 crore from anchor investors ahead of the IPO, while in March, the firm had mobilised Rs 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.
[“source -Zeenews”]

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