Shares allotted to anchor investors at Rs 322 per share.
Coffee Day Enterprises has raised Rs 334.27 crore by selling 1.03 crore shares to a total of twelve anchor investors ahead of the company's initial public offer (IPO). The shares will be allotted to the anchor investors at Rs 322 per share, the mid-point of the Rs 316 to Rs 328 per share price band for the IPO.
Among anchor investors, Blackrock India Equities Fund (Mauritius) will be allocated a total of 3.79 lakh shares. Government Pension Fund Global will be allocated a total of 3.79 lakh shares. Platimum Mutual Fund will be allocated a total of 17.95 lakh shares through two mutual fund schemes. National Westmaster Bank Plc will be allocated a total of 10.57 lakh shares. Jupiter South Asia Investment Company will be allocated a total of 3.07 lakh shares. ICICI Mutual fund will be allocated a total of 11.62 lakh shares through five mutual fund schemes. Axis Mutual Fund will be allocated a total of 11.64 lakh shares. Reliance Life Insurance Company will be allocated a total of 7.58 lakh shares. Faering Capital India Evolving Fund will be allocated a total of 6.79 lakh shares. Tarra Fund will be allocated a total of 1.55 lakh shares. Merrill Lynch Capital Markets Expana SA SV will be allocated a total of 19.47 lakh shares. Swiss Finance Corporation Mauritius will be allocated a total of 5.91 lakh shares.
The Rs 1150 crore initial public offer (IPO) of Coffee Day Enterprises (CDEL) opens for bidding today, 14 October 2015. The IPO closes on Friday, 16 October 2015.
CDEL plans to use the IPO proceeds to set up new cafe network outlets, manufacturing and assembling of vending machines, refurbishment of existing cafe network outlets, setting-up of a new coffee roasting plant facility, repayment or prepayment of loans and general corporate purposes.
CDEL is engaged in coffee business through subsidiary, Coffee Day Global (earlier known as Amalgamated Bean Coffee Trading Company) and its subsidiaries. The company is also engaged in coffee trading through CDEL and Coffee Day Trading. In addition to having the largest chain of cafes in India, the company operates a highly optimized and vertically integrated coffee business which ranges from procuring, processing and roasting of coffee beans to retailing of coffee products across various formats.
On consolidated basis, CDEL reported net loss of Rs 20.05 crore on net sales of Rs 623.06 crore in Q1 June 2015.
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