Price band of IPO at Rs 316 to Rs 328 per share
The Rs 1150 crore initial public offer (IPO) of Coffee Day Enterprises (CDEL) will open on 14 October 2015. The IPO closes on 16 October 2015. The price band for the IPO is Rs 316 to Rs 328 per share.
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.
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