Coffee Day to hit markets today

New Delhi, October 13 

Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) chain of restaurants, will hit capital markets tomorrow to raise Rs 1,150 crore through its maiden public offering. This will be the biggest IPO in the country in nearly three years.

The company, which competes with global giant Starbucks in the fast-growing Indian consumer market, has fixed a price band of Rs 316-328 per share for its IPO.

The Coffee Day Enterprises IPO would open on October 14 and close on October 16, wherein it would sell shares to the public while a portion would be reserved for employees.

Kotak Investment Banking, Citigroup, Morgan Stanley, Axis Capital, Edelweiss and Yes Bank are handling the IPO of Coffee Day Enterprises, whose shareholders include private equity giants KKR and New Silk Route. — PTI