Business Standard

Coffee Day prices IPO at upper end of range

It had a set a price range of Rs 316-328 per share

V G Siddhartha, chairman of Coffee Day Enterprises Ltd

V G Siddhartha, chairman of Coffee Day Enterprises Ltd

Reuters Mumbai

Coffee Day Enterprises Ltd priced its Rs 1,150 crore ($176.57 million) initial public offering at Rs 328 per share, the upper end of its price range, according to a regulatory filing on Wednesday.

Coffee Day, which runs the domestic Cafe Coffee Day chain, had a set a price range of Rs 316-328 per share. Its IPO is India's biggest since the listing by Bharti Infratel Ltd in December 2012.

($1 = 65.1300 rupees)

 

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First Published: Oct 21 2015 | 7:52 PM IST

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