Coffee Day Enterprises, the owners of Cafe Coffee Day (CCD) chain, will launch its maiden public offering on October 14 to raise Rs 1,150 crore, making it the largest IPO in the country since December 2012.
With the company diluting a little over 17.5% stake, the IPO price translates into a valuation of close to Rs 6,500 crore, or a little over $1 billion. The shares will be sold in the price band of Rs 316-328.
Of the total offering, Coffee Day is set to allot shares worth Rs 340 crore to a group of investors, called anchor investors, just ahead of the IPO which closes on October 16.
With the company diluting a little over 17.5% stake, the IPO price translates into a valuation of close to Rs 6,500 crore, or a little over $1 billion. The shares will be sold in the price band of Rs 316-328.
Of the total offering, Coffee Day is set to allot shares worth Rs 340 crore to a group of investors, called anchor investors, just ahead of the IPO which closes on October 16.
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