India: Café Coffee Day parent IPO fully subscribed on closure

India: Café Coffee Day parent IPO fully subscribed on closure

On 13 October, CDEL raised Rs.334.2 crore from anchor investors, including both foreign and domestic institutional investors, according to the company’s filings with the stock exchanges. Photo: Hemant Mishra/Mint

The initial public offering (IPO) of Coffee Day Enterprises Ltd (CDEL), which runs India’s largest cafe chain Café Coffee Day, was subscribed completely by 1.30pm on the last day of the share sale on Friday, according to data available on the stock exchanges. TheRs.1,150 crore issue opened on 14 October.

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