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Coffee Day oversubscribed two times; team members ring bell at listing
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Tuesday, 03 November, 2015, 08 : 00 AM [IST]
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Our Bureau
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fiogf49gjkf0d Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group, which listed on the Indian bourses on October 14, was oversubscribed two times. The public issue for cash was at a price of Rs 328 per equity share. This included a share premium of Rs 318 aggregating up to Rs 1,150 crore.
 In first-of-its-kind gesture and a tribute to CDEL’s 11,000 plus employees, of which nearly 10,000 are working in the coffee business, it permitted its team members of Café Coffee Day: Seeta Vishvakarma, Divyali Mahindrakar, Amit Nayak, Akshay Madankedari and Nishat Rizvi to ring the bell during the listing ceremony at NSE.
CDEL is the parent company of Coffee Day Group, which currently operates in businesses such as coffee, development and management of IT-ITeS technology parks, providing integrated logistics solutions, financial services, hospitality and investing in technology companies. The company is engaged in the coffee business through the subsidiary, Coffee Day Global Limited. It is also engaged in coffee trading through CDEL and Coffee Day Trading Limited. In addition to having the largest chain of cafés in India, it operates a highly optimised 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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