The Rs 1,150-crore IPO received bids for 1,93,74,885 shares against the total issue size of 2,58,14,198 shares, according to data available with the NSE till 1700 hours.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.98 times while the category for non-institutional investors saw 7 per cent subscription, according to BSE data.
Retail investors pie was subscribed 33 per cent.
Coffee Day Enterprises has raised over Rs 334 crore from anchor investors.
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The company, which competes with global giant Starbucks in the fast-growing Indian consumer market, has fixed a price band of Rs 316-328 per share for its IPO.
The share sale will close tomorrow.
Kotak Investment Banking, Citigroup, Morgan Stanley, Axis Capital, Edelweiss and Yes Bank are handling the IPO of Coffee Day Enterprises, whose shareholders include private equity giants KKR and New Silk Route.
Siddhartha, the main promoter as well as Chairman and MD, holds 54.78 per cent stake in Coffee Day.
In March, Coffee Day raised 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.