The initial public offering of Coffee Day Enterprises Ltd (CDEL) will remain open for subscription between October 14 and 16. The IPO , biggest since Bharti Infratel's Rs 4,155 crore-issue in December 2012, is looking to mop up Rs 1,150 crore from investors.
Sources said Coffee Day Enterprises, which operates the Cafe Coffee Day brand of coffee chains across India, has priced the offering in the range between Rs 316 and Rs 328 per share. The company has scheduled a roadshow in Mumbai on Wednesday ahead of its IPO.
Kotak Mahindra Capital, Morgan Stanley India, Citigroup Global Markets India, Axis Capital, Yes Bank and Edelweiss Financial Services are handling the IPO. So far this year, about 15 IPOs have come to the market cumulatively raising over Rs 6,000 crore.
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