Coffee Day plans to raise up to Rs 1500 crore via IPO

Report said that the domestic listing will see holding company, Coffee Day Resorts, sell 10-15 per cent for $150 mn.

Jul 04, 2014 03:07 IST India Infoline News Service

The holding company of Cafe Coffee Day, India's biggest cafe chain, is gearing up to mop up Rs 1,200-1,500 crore through a proposed initial public offering ( IPO) in about nine to 12 months, according to reports.

Report said that the domestic listing will see holding company, Coffee Day Resorts, sell 10-15 per cent for $150 mn.

Private equity (PE) investors are expected to dilute up to 10% of their stake, stated reports.

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