New Delhi: Leading coffee emporium sequence user Coffee Day Enterprises has filed a papers with regulator Sebi for an Initial Public Offer (IPO) to lift an estimated Rs 1,150 crore.
The company, that runs a country’s biggest coffee sequence underneath a code Cafe Coffee Day (CCD) and has got private equity giants like KKR, Stanchart PE and New Silk Route as a investors, has indifferent Rs 15 crore value shares for staff.
As per a Draft Red Herring Prospectus (DRHP) filed with Sebi for a open offer, a association proposes to list a shares on a BSE and a NSE.
The categorical promoter, VG Siddhartha, also authority and MD, binds 54.78 percent stake, while all promoters together have 92.74 percent holding in a company.
Among other vital shareholders, KKR has got 3.43 percent and Nandan Nilekani, Infosys co-founder and former arch of UIDAI, has 1.77 percent stake.
As per a DRHP, a association skeleton to lift adult to Rs 1,150 crore by a open offer.
The Global Coordinators and Book Running Lead Managers to a emanate are Kotak Mahindra Capital, Citigroup Global Markets India and Morgan Stanley India Company Private Limited. The Book Running Lead Managers to a emanate are Axis Capital, Edelweiss Financial Services Limited and YES Bank Limited.
The shares would be offering to open investors by a Book Building Process wherein 50 per cent of a net emanate would be allotted on a proportional basement to Qualified Institutional Investors, while a association might allot adult to 60 percent of a QIB Portion to Anchor Investors on a discretionary basis. One third a Anchor Investor apportionment will be indifferent for domestic mutual funds.
All intensity investors, other than Anchor Investors, can attend in this emanate by an Application Supported by Blocked Amount (ASBA) routine providing sum of their particular bank account.
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QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily compulsory to utilize a ASBA routine to attend in this Issue.
Coffee Day Enterprises is a primogenitor association of a Coffee Day Group and operates coffee business by a subsidiary, Coffee Day Global Limited (earlier famous as Amalgamated Bean Coffee Trading Company Limited) and a subsidiaries.
Coffee Day Global Limited had a sum income of Rs 1,154 crore and handling distinction of Rs 189 crore in mercantile 2013-14.
In further to carrying a largest sequence of cafes in India, it operates a plumb integrated coffee business that ranges from procuring, estimate and roasting of coffee beans to retailing of coffee products opposite several formats.
It is a colonize in a coffee emporium sequence business in India and non-stop a initial CCD opening in Bengaluru in 1996. It now has a network of scarcely 1,500 outlets and commands a marketplace share of 46 percent with a network scarcely 4 times incomparable than a accumulative footprint of a subsequent 4 rivals.